Dimensional Fund Advisors LP grew its place in Methode Electronics, Inc. (NYSE:MEI – Get Score) by 5.7% within the third quarter, in line with its most up-to-date 13F submitting with the Securities and Change Fee. The agency owned 2,173,096 shares of the electronics maker’s inventory after shopping for an extra 116,978 shares in the course of the quarter. Dimensional Fund Advisors LP owned 5.94% of Methode Electronics price $80,732,000 on the finish of the newest reporting interval.
Different hedge funds have additionally made modifications to their positions within the firm. EMC Capital Administration lifted its holdings in shares of Methode Electronics by 20.7% within the 2nd quarter. EMC Capital Administration now owns 4,658 shares of the electronics maker’s inventory price $173,000 after shopping for an extra 800 shares in the course of the interval. Oppenheimer Asset Administration Inc. bought a brand new stake in shares of Methode Electronics within the 2nd quarter price $775,000. SummerHaven Funding Administration LLC lifted its holdings in shares of Methode Electronics by 16.9% within the third quarter. SummerHaven Funding Administration LLC now owns 22,002 shares of the electronics maker’s inventory price $817,000 after shopping for an extra 3,173 shares in the course of the interval. Aviance Capital Companions LLC lifted its holdings in shares of Methode Electronics by 4.4% within the 2nd quarter. Aviance Capital Companions LLC now owns 28,667 shares of the electronics maker’s inventory price $1,062,000 after shopping for an extra 1,205 shares in the course of the interval. Lastly, Dean Funding Associates LLC lifted its stake in shares of Methode Electronics by 12.5% in the course of the third quarter. Dean Funding Associates LLC now owns 39,600 shares of the electronics maker’s inventory price $1,471,000 after buying an extra 4,407 shares over the last quarter. 95.93% of the inventory is at the moment owned by hedge funds and different institutional traders.
Methode Electronics Buying and selling Up 0.1 %
Shares of NYSE MEI opened at $48.81 on Thursday. The corporate has a debt-to-equity ratio of 0.21, a present ratio of three.09 and a fast ratio of two.28. The inventory has a market capitalization of $1.76 billion, a P/E ratio of 19.22 and a beta of 1.14. Methode Electronics, Inc. has a 1-year low of $33.91 and a 1-year excessive of $51.38. The enterprise has a fifty day shifting common value of $46.85 and a 200 day shifting common value of $43.27.
Methode Electronics (NYSE:MEI – Get Score) final launched its quarterly earnings outcomes on Thursday, December 1st. The electronics maker reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.10. Methode Electronics had a return on fairness of 10.46% and a web margin of 8.03%. The corporate had income of $315.90 million in the course of the quarter, in comparison with analysts’ expectations of $295.00 million. Equities analysis analysts count on that Methode Electronics, Inc. will submit 2.74 EPS for the present fiscal 12 months.
Methode Electronics Dividend Announcement
The agency additionally just lately declared a quarterly dividend, which was paid on Friday, January twenty seventh. Shareholders of document on Friday, January thirteenth had been paid a $0.14 dividend. This represents a $0.56 dividend on an annualized foundation and a yield of 1.15%. The ex-dividend date was Thursday, January twelfth. Methode Electronics’s dividend payout ratio (DPR) is presently 22.05%.
Wall Avenue Analysts Forecast Progress
Individually, Jefferies Monetary Group initiated protection on Methode Electronics in a analysis observe on Tuesday, November twenty second. They set a “purchase” score and a $52.00 value goal for the corporate.
Insider Shopping for and Promoting at Methode Electronics
In different Methode Electronics information, Director Walter J. Aspatore offered 9,000 shares of the inventory in a transaction dated Tuesday, December sixth. The inventory was offered at a mean value of $48.67, for a complete worth of $438,030.00. Following the completion of the sale, the director now straight owns 18,000 shares within the firm, valued at $876,060. The transaction was disclosed in a doc filed with the SEC, which is on the market at this hyperlink. In different information, CEO Donald W. Duda offered 29,750 shares of the inventory in a transaction dated Wednesday, December seventh. The inventory was offered at a mean value of $47.17, for a complete worth of $1,403,307.50. Following the transaction, the chief government officer now straight owns 1,165,055 shares of the corporate’s inventory, valued at $54,955,644.35. The sale was disclosed in a submitting with the Securities & Change Fee, which may be accessed by the SEC web site. Additionally, Director Walter J. Aspatore offered 9,000 shares of the inventory in a transaction dated Tuesday, December sixth. The shares had been offered at a mean value of $48.67, for a complete worth of $438,030.00. Following the completion of the transaction, the director now straight owns 18,000 shares within the firm, valued at $876,060. The disclosure for this sale may be discovered right here. During the last ninety days, insiders offered 48,196 shares of firm inventory price $2,286,091. 4.50% of the inventory is owned by insiders.
Methode Electronics Profile
Methode Electronics, Inc engages within the manufacture of element and subsystem gadgets. It operates by the next segments: Automotive, Interface, Industrial, and Medical. The Automotive phase provides digital and electromechanical gadgets, and associated merchandise to vehicle unique tools producers.
Additional Studying
This on the spot information alert was generated by narrative science expertise and monetary knowledge from MarketBeat with a purpose to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial group previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.
Earlier than you think about Methode Electronics, you may wish to hear this.
MarketBeat retains monitor of Wall Avenue’s top-rated and finest performing analysis analysts and the shares they advocate to their shoppers every day. MarketBeat has recognized the 5 shares that high analysts are quietly whispering to their shoppers to purchase now earlier than the broader market catches on… and Methode Electronics wasn’t on the record.
Whereas Methode Electronics at the moment has a “Maintain” score amongst analysts, top-rated analysts consider these 5 shares are higher buys.
View The 5 Shares Right here
