Plantronics (NYSE:PLT) Director Brian S. Dexheimer sold 500 shares of the business’s stock in a transaction on Thursday, March 29th. The shares were sold at an average price of $60.90, for a total transaction of $30,450.00. Following the sale, the director now directly owns 15,502 shares of the company’s stock, valued at $944,071.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
PLT stock traded down $1.83 during trading on Monday, reaching $58.54. The stock had a trading volume of 301,671 shares, compared to its average volume of 187,002. Plantronics has a 1-year low of $41.28 and a 1-year high of $61.86. The company has a debt-to-equity ratio of 1.50, a current ratio of 6.76 and a quick ratio of 6.16. The firm has a market capitalization of $1,996.77, a P/E ratio of 23.60, a P/E/G ratio of 1.60 and a beta of 1.23.
Plantronics (NYSE:PLT) last issued its quarterly earnings data on Tuesday, January 30th. The technology company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.23. Plantronics had a net margin of 1.03% and a return on equity of 22.22%. The firm had revenue of $226.50 million for the quarter, compared to analyst estimates of $220.17 million. During the same quarter in the previous year, the business posted $0.79 EPS. The firm’s revenue was down 2.7% compared to the same quarter last year. sell-side analysts anticipate that Plantronics will post 2.52 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Tuesday, February 20th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $0.60 dividend on an annualized basis and a yield of 1.02%. Plantronics’s dividend payout ratio is currently 24.19%.
Several analysts have recently issued reports on the stock. ValuEngine raised shares of Plantronics from a “hold” rating to a “buy” rating in a research note on Thursday. Sidoti raised shares of Plantronics from a “neutral” rating to a “buy” rating in a research note on Thursday. Roth Capital boosted their price objective on shares of Plantronics from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. TheStreet cut shares of Plantronics from a “b” rating to a “c” rating in a research note on Friday, February 2nd. Finally, Northland Securities set a $60.00 price objective on shares of Plantronics and gave the company a “buy” rating in a research note on Friday, January 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $60.00.
Hedge funds have recently modified their holdings of the business. American International Group Inc. lifted its holdings in Plantronics by 3.1% in the 3rd quarter. American International Group Inc. now owns 91,089 shares of the technology company’s stock worth $4,028,000 after buying an additional 2,775 shares in the last quarter. Swiss National Bank lifted its holdings in Plantronics by 2.9% in the 4th quarter. Swiss National Bank now owns 56,400 shares of the technology company’s stock worth $2,841,000 after buying an additional 1,600 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Plantronics by 7.8% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 311,399 shares of the technology company’s stock valued at $15,689,000 after purchasing an additional 22,414 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Plantronics by 69.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,659 shares of the technology company’s stock valued at $235,000 after purchasing an additional 1,904 shares in the last quarter. Finally, Shell Asset Management Co. acquired a new stake in shares of Plantronics in the 4th quarter valued at about $7,920,000. Hedge funds and other institutional investors own 94.14% of the company’s stock.
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Plantronics Company Profile
Plantronics, Inc designs, manufactures, and markets lightweight communications headsets, telephone headset systems, other communication endpoints, and accessories for the business and consumer markets under the Plantronics brand worldwide. The company also manufactures and markets specialty telephone products under the Clarity brand.
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