Dubuque Bank & Trust Co. Buys 397 Shares of Methode Electronics, Inc. (MEI)

Dubuque Bank & Trust Co. increased its position in Methode Electronics, Inc. (NYSE:MEI) by 8.9% during the second quarter, Holdings Channel reports. The fund owned 4,834 shares of the electronics maker’s stock after buying an additional 397 shares during the period. Dubuque Bank & Trust Co.’s holdings in Methode Electronics were worth $199,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Legato Capital Management LLC increased its position in shares of Methode Electronics by 883.8% in the second quarter. Legato Capital Management LLC now owns 14,658 shares of the electronics maker’s stock worth $604,000 after buying an additional 13,168 shares during the last quarter. Aperio Group LLC increased its position in shares of Methode Electronics by 90.4% in the second quarter. Aperio Group LLC now owns 21,458 shares of the electronics maker’s stock worth $884,000 after buying an additional 10,189 shares during the last quarter. James Investment Research Inc. bought a new position in shares of Methode Electronics during the second quarter worth approximately $1,189,000. Meeder Asset Management Inc. bought a new position in shares of Methode Electronics during the second quarter worth approximately $122,000. Finally, State of Alaska Department of Revenue increased its position in shares of Methode Electronics by 79.0% in the second quarter. State of Alaska Department of Revenue now owns 7,267 shares of the electronics maker’s stock worth $299,000 after buying an additional 3,207 shares during the last quarter. Hedge funds and other institutional investors own 89.34% of the company’s stock.

Methode Electronics, Inc. (NYSE:MEI) traded up 0.25% on Monday, hitting $40.60. The stock had a trading volume of 9,746 shares. The firm has a market cap of $1.49 billion, a P/E ratio of 16.37 and a beta of 0.78. Methode Electronics, Inc. has a 1-year low of $29.85 and a 1-year high of $46.40. The firm’s 50-day moving average price is $40.92 and its 200-day moving average price is $42.04.

Methode Electronics (NYSE:MEI) last issued its quarterly earnings data on Thursday, June 22nd. The electronics maker reported $0.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.05. Methode Electronics had a return on equity of 18.81% and a net margin of 11.38%. The firm had revenue of $219.70 million during the quarter, compared to the consensus estimate of $214.39 million. During the same quarter in the previous year, the company posted $0.60 EPS. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, equities research analysts predict that Methode Electronics, Inc. will post $2.53 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 28th. Shareholders of record on Friday, July 14th will be given a $0.09 dividend. The ex-dividend date is Wednesday, July 12th. This represents a $0.36 annualized dividend and a yield of 0.89%. Methode Electronics’s payout ratio is 14.52%.

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A number of research analysts recently commented on the company. FBR & Co restated an “outperform” rating and set a $49.00 price objective on shares of Methode Electronics in a research note on Tuesday, July 18th. B. Riley restated a “buy” rating and set a $49.00 price objective on shares of Methode Electronics in a research note on Wednesday, June 28th. Zacks Investment Research downgraded Methode Electronics from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. BidaskClub downgraded Methode Electronics from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. Finally, Robert W. Baird restated an “outperform” rating and set a $47.00 price objective (down from $51.00) on shares of Methode Electronics in a research note on Monday, June 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $46.00.

About Methode Electronics

Methode Electronics, Inc (Methode) is a manufacturer of component and subsystem devices. The Company designs, manufactures and markets devices employing electrical, radio remote control, electronic, wireless and sensing technologies. The Company operates through segments, including Automotive, Interface, Power Products and Other.

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Institutional Ownership by Quarter for Methode Electronics (NYSE:MEI)

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