Jon Ryan Ruhlman Sells 2,000 Shares of Preformed Line Products (NASDAQ:PLPC) Stock

Preformed Line Products (NASDAQ:PLPC) President Jon Ryan Ruhlman sold 2,000 shares of Preformed Line Products stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $168.78, for a total transaction of $337,560.00. Following the completion of the transaction, the president now directly owns 5,340 shares in the company, valued at approximately $901,285.20. This trade represents a 27.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Preformed Line Products Stock Performance

Shares of PLPC stock opened at $126.80 on Tuesday. The stock’s fifty day simple moving average is $132.23 and its 200-day simple moving average is $125.59. The company has a market capitalization of $621.07 million, a price-to-earnings ratio of 19.04 and a beta of 0.63. The company has a current ratio of 2.81, a quick ratio of 1.56 and a debt-to-equity ratio of 0.06. Preformed Line Products has a 1-year low of $109.01 and a 1-year high of $145.28.

Preformed Line Products (NASDAQ:PLPC) last issued its earnings results on Wednesday, October 30th. The technology company reported $1.54 earnings per share for the quarter. The company had revenue of $146.97 million for the quarter. Preformed Line Products had a return on equity of 7.88% and a net margin of 5.76%.

Preformed Line Products Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th will be given a $0.20 dividend. The ex-dividend date is Tuesday, January 7th. This represents a $0.80 dividend on an annualized basis and a yield of 0.63%. Preformed Line Products’s payout ratio is 12.01%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Preformed Line Products from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 19th.

Institutional Investors Weigh In On Preformed Line Products

A number of institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC raised its holdings in shares of Preformed Line Products by 0.3% during the second quarter. Renaissance Technologies LLC now owns 66,600 shares of the technology company’s stock worth $8,294,000 after acquiring an additional 200 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Preformed Line Products by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 32,574 shares of the technology company’s stock worth $4,172,000 after purchasing an additional 471 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Preformed Line Products by 3.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 27,390 shares of the technology company’s stock worth $3,411,000 after purchasing an additional 984 shares in the last quarter. FMR LLC raised its stake in shares of Preformed Line Products by 27.7% during the 3rd quarter. FMR LLC now owns 25,091 shares of the technology company’s stock worth $3,214,000 after purchasing an additional 5,442 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Preformed Line Products by 10.4% during the 2nd quarter. AQR Capital Management LLC now owns 17,936 shares of the technology company’s stock valued at $2,234,000 after buying an additional 1,687 shares during the last quarter. Institutional investors and hedge funds own 41.19% of the company’s stock.

Preformed Line Products Company Profile

Preformed Line Products Company, together with its subsidiaries, designs and manufactures products and systems that are used in the construction and maintenance of overhead, ground-mounted, and underground networks for the energy, telecommunication, cable, data communication, and other industries. The company offers optical ground wire products to support, protect, terminate, and splice transmission and distribution lines, as well as bolted, welded, and compressed connectors for substations; and string hardware products, polymer insulators, wildlife protection, substation fittings, and motion control devices.