J Cecil Curlee, Jr. Sells 3,130 Shares of Preformed Line Products Company (PLPC) Stock

Preformed Line Products Company (NASDAQ:PLPC) VP J Cecil Curlee, Jr. sold 3,130 shares of the stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $68.50, for a total value of $214,405.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Preformed Line Products Company (NASDAQ PLPC) opened at $77.16 on Wednesday. The stock has a market capitalization of $407.11, a price-to-earnings ratio of 24.01 and a beta of 1.32. Preformed Line Products Company has a 1-year low of $44.50 and a 1-year high of $85.63. The company has a quick ratio of 2.00, a current ratio of 3.15 and a debt-to-equity ratio of 0.13.

Preformed Line Products (NASDAQ:PLPC) last released its earnings results on Friday, November 3rd. The technology company reported $1.23 earnings per share (EPS) for the quarter. The company had revenue of $99.24 million during the quarter. Preformed Line Products had a return on equity of 7.30% and a net margin of 4.64%.

Separately, TheStreet upgraded Preformed Line Products from a “c+” rating to a “b-” rating in a report on Monday, August 21st.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in shares of Preformed Line Products by 6.8% in the third quarter. Dimensional Fund Advisors LP now owns 280,019 shares of the technology company’s stock valued at $18,845,000 after purchasing an additional 17,801 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Preformed Line Products by 2.1% in the second quarter. Vanguard Group Inc. now owns 86,179 shares of the technology company’s stock valued at $4,001,000 after purchasing an additional 1,796 shares in the last quarter. State Street Corp lifted its holdings in shares of Preformed Line Products by 6.6% in the second quarter. State Street Corp now owns 44,133 shares of the technology company’s stock valued at $2,051,000 after purchasing an additional 2,722 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Preformed Line Products by 22.4% in the second quarter. Northern Trust Corp now owns 40,120 shares of the technology company’s stock valued at $1,862,000 after purchasing an additional 7,354 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Preformed Line Products by 2.1% in the second quarter. Bank of New York Mellon Corp now owns 27,676 shares of the technology company’s stock valued at $1,285,000 after purchasing an additional 569 shares in the last quarter. Institutional investors own 44.88% of the company’s stock.

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Preformed Line Products Company Profile

Preformed Line Products Company (PLPC) is a designer and manufacturer of products and systems employed in the construction and maintenance of overhead and underground networks for the energy, telecommunication, cable operators and information industries. The Company’s products include Formed Wire and Related Hardware Products, Protective Closures, Plastic Products and Other Products.

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