Cardinal Capital Management Purchases 997 Shares of Preformed Line Products (NASDAQ:PLPC)

Cardinal Capital Management lifted its holdings in Preformed Line Products (NASDAQ:PLPC) by 10.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 10,252 shares of the technology company’s stock after buying an additional 997 shares during the period. Cardinal Capital Management’s holdings in Preformed Line Products were worth $1,313,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Innealta Capital LLC purchased a new stake in Preformed Line Products during the second quarter valued at approximately $27,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Preformed Line Products during the 2nd quarter valued at $52,000. Mather Group LLC. bought a new stake in shares of Preformed Line Products during the 2nd quarter valued at $64,000. SG Americas Securities LLC purchased a new stake in shares of Preformed Line Products in the 3rd quarter worth $119,000. Finally, Ausbil Investment Management Ltd bought a new position in Preformed Line Products in the 1st quarter worth $195,000. Hedge funds and other institutional investors own 41.19% of the company’s stock.

Preformed Line Products Stock Performance

NASDAQ:PLPC opened at $125.20 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.57 and a current ratio of 2.93. The stock has a 50-day simple moving average of $120.30 and a two-hundred day simple moving average of $124.44. The firm has a market capitalization of $614.73 million, a PE ratio of 15.36 and a beta of 0.61. Preformed Line Products has a 52-week low of $104.96 and a 52-week high of $144.60.

Preformed Line Products (NASDAQ:PLPC) last announced its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.89 earnings per share (EPS) for the quarter. Preformed Line Products had a return on equity of 9.83% and a net margin of 6.90%. The company had revenue of $138.72 million during the quarter.

Preformed Line Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 21st. Stockholders of record on Tuesday, October 1st will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, October 1st. This represents a $0.80 annualized dividend and a dividend yield of 0.64%. Preformed Line Products’s payout ratio is 9.82%.

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.