WealthBridge Capital Management LLC Buys 551 Shares of Preformed Line Products (NASDAQ:PLPC)

WealthBridge Capital Management LLC grew its stake in shares of Preformed Line Products (NASDAQ:PLPC) by 7.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,651 shares of the technology company’s stock after buying an additional 551 shares during the period. WealthBridge Capital Management LLC owned 0.16% of Preformed Line Products worth $978,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Private Advisor Group LLC raised its position in shares of Preformed Line Products by 3.6% during the fourth quarter. Private Advisor Group LLC now owns 2,855 shares of the technology company’s stock valued at $365,000 after buying an additional 100 shares during the last quarter. Cardinal Capital Management raised its position in shares of Preformed Line Products by 2.3% during the fourth quarter. Cardinal Capital Management now owns 10,491 shares of the technology company’s stock valued at $1,341,000 after buying an additional 239 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Preformed Line Products during the fourth quarter valued at approximately $771,000. Ausbil Investment Management Ltd raised its position in shares of Preformed Line Products by 222.8% during the fourth quarter. Ausbil Investment Management Ltd now owns 5,436 shares of the technology company’s stock valued at $701,000 after buying an additional 3,752 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Preformed Line Products by 13.1% in the fourth quarter. SG Americas Securities LLC now owns 1,053 shares of the technology company’s stock valued at $135,000 after purchasing an additional 122 shares in the last quarter. Institutional investors own 41.19% of the company’s stock.

Preformed Line Products Trading Down 0.7 %

PLPC stock opened at $140.90 on Thursday. The firm has a fifty day moving average price of $133.63 and a 200 day moving average price of $128.24. Preformed Line Products has a fifty-two week low of $109.01 and a fifty-two week high of $154.90. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.56 and a current ratio of 2.81. The firm has a market cap of $690.41 million, a PE ratio of 21.16 and a beta of 0.63.

Preformed Line Products Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend was Tuesday, January 7th. 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 report on Tuesday, November 19th.

About Preformed Line Products

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.