Brandywine Global Investment Management LLC cut its holdings in shares of Methode Electronics, Inc. (NYSE:MEI) by 2.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 85,385 shares of the electronics maker’s stock after selling 2,334 shares during the quarter. Brandywine Global Investment Management LLC owned about 0.23% of Methode Electronics worth $3,518,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of MEI. First Trust Advisors LP increased its holdings in shares of Methode Electronics by 0.3% during the 1st quarter. First Trust Advisors LP now owns 45,077 shares of the electronics maker’s stock worth $2,056,000 after acquiring an additional 134 shares during the last quarter. Comerica Bank increased its holdings in shares of Methode Electronics by 4.0% during the 1st quarter. Comerica Bank now owns 40,921 shares of the electronics maker’s stock worth $1,819,000 after acquiring an additional 1,571 shares during the last quarter. Swiss National Bank increased its holdings in shares of Methode Electronics by 2.3% during the 1st quarter. Swiss National Bank now owns 57,700 shares of the electronics maker’s stock worth $2,631,000 after acquiring an additional 1,300 shares during the last quarter. Karp Capital Management Corp acquired a new position in shares of Methode Electronics during the 1st quarter worth approximately $514,000. Finally, Parametric Portfolio Associates LLC increased its holdings in shares of Methode Electronics by 14.0% during the 1st quarter. Parametric Portfolio Associates LLC now owns 99,036 shares of the electronics maker’s stock worth $4,516,000 after acquiring an additional 12,170 shares during the last quarter. 89.80% of the stock is currently owned by institutional investors and hedge funds.

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A number of research analysts recently weighed in on the company. ValuEngine raised Methode Electronics from a “hold” rating to a “buy” rating in a report on Saturday, September 30th. Robert W. Baird reaffirmed a “buy” rating and issued a $47.00 price objective on shares of Methode Electronics in a report on Sunday, September 24th. Zacks Investment Research raised Methode Electronics from a “sell” rating to a “hold” rating in a report on Tuesday, September 5th. FBR & Co reaffirmed a “buy” rating on shares of Methode Electronics in a report on Thursday, August 31st. Finally, BidaskClub raised Methode Electronics from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. Methode Electronics has a consensus rating of “Buy” and a consensus target price of $48.33.

Methode Electronics, Inc. (MEI) opened at 44.85 on Friday. Methode Electronics, Inc. has a one year low of $29.85 and a one year high of $46.40. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 18.23 and a beta of 0.76. The firm has a 50-day moving average price of $40.16 and a 200-day moving average price of $41.07.

Methode Electronics (NYSE:MEI) last released its earnings results on Thursday, August 31st. The electronics maker reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.12. Methode Electronics had a return on equity of 18.11% and a net margin of 11.16%. The business had revenue of $201.20 million during the quarter, compared to the consensus estimate of $189.40 million. During the same period last year, the business posted $0.57 earnings per share. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. Analysts expect that Methode Electronics, Inc. will post $2.54 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 13th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Thursday, October 12th. Methode Electronics’s dividend payout ratio is currently 14.63%.

Methode Electronics Company Profile

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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