Oregon Public Employees Retirement Fund lowered its position in Methode Electronics, Inc. (NYSE:MEI – Free Report) by 4.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,741 shares of the electronics maker’s stock after selling 500 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Methode Electronics were worth $245,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of MEI. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Methode Electronics by 31.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,956 shares of the electronics maker’s stock worth $182,000 after purchasing an additional 1,899 shares in the last quarter. Verdence Capital Advisors LLC acquired a new position in shares of Methode Electronics during the 3rd quarter worth approximately $208,000. GHP Investment Advisors Inc. raised its stake in shares of Methode Electronics by 3.8% during the 3rd quarter. GHP Investment Advisors Inc. now owns 66,420 shares of the electronics maker’s stock worth $1,652,000 after buying an additional 2,413 shares during the period. SG Americas Securities LLC acquired a new position in shares of Methode Electronics during the 3rd quarter worth approximately $476,000. Finally, SummerHaven Investment Management LLC raised its stake in Methode Electronics by 2.6% in the 3rd quarter. SummerHaven Investment Management LLC now owns 20,248 shares of the electronics maker’s stock valued at $463,000 after purchasing an additional 514 shares during the last quarter. Hedge funds and other institutional investors own 89.02% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Methode Electronics from a “hold” rating to a “sell” rating in a research note on Friday, December 8th.

Read Our Latest Research Report on MEI

Methode Electronics Stock Up 1.0 %

Shares of MEI opened at $21.60 on Wednesday. The company has a market capitalization of $768.96 million, a PE ratio of -28.05 and a beta of 0.94. The company has a quick ratio of 2.07, a current ratio of 2.92 and a debt-to-equity ratio of 0.39. Methode Electronics, Inc. has a 52-week low of $20.09 and a 52-week high of $51.38. The stock has a fifty day simple moving average of $22.41 and a two-hundred day simple moving average of $25.73.

Methode Electronics (NYSE:MEI – Get Free Report) last released its quarterly earnings results on Thursday, December 7th. The electronics maker reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). The business had revenue of $288.00 million for the quarter, compared to analysts’ expectations of $284.94 million. Methode Electronics had a positive return on equity of 3.50% and a negative net margin of 2.28%. As a group, equities analysts forecast that Methode Electronics, Inc. will post 0.27 EPS for the current year.

Methode Electronics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, January 12th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date is Thursday, January 11th. Methode Electronics’s dividend payout ratio (DPR) is -72.73%.

Methode Electronics Profile

(Free Report)

Methode Electronics, Inc designs, engineers, and produces mechatronic products worldwide. It operates through four segments: Automotive, Industrial, Interface, and Medical. The Automotive segment supplies electronic and electro-mechanical devices, and related products to automobile original equipment manufacturers directly or through their tiered suppliers.

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