Shares of Methode Electronics, Inc. (NYSE:MEI) have been assigned a consensus rating of “Buy” from the six ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $50.00.

Several equities research analysts have recently commented on the stock. B. Riley reissued a “buy” rating on shares of Methode Electronics in a research report on Wednesday, November 1st. Robert W. Baird restated a “buy” rating and set a $46.00 price target on shares of Methode Electronics in a report on Tuesday, October 17th. BidaskClub cut shares of Methode Electronics from a “hold” rating to a “sell” rating in a report on Monday, July 31st. ValuEngine cut shares of Methode Electronics from a “buy” rating to a “hold” rating in a report on Thursday, August 24th. Finally, Zacks Investment Research cut shares of Methode Electronics from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd.

A number of institutional investors have recently added to or reduced their stakes in MEI. Wellington Management Group LLP purchased a new position in Methode Electronics during the first quarter worth about $336,000. Teachers Advisors LLC boosted its holdings in Methode Electronics by 3.1% during the first quarter. Teachers Advisors LLC now owns 69,172 shares of the electronics maker’s stock worth $3,154,000 after purchasing an additional 2,052 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Methode Electronics by 4.3% during the first quarter. Vanguard Group Inc. now owns 3,171,602 shares of the electronics maker’s stock worth $144,624,000 after purchasing an additional 131,039 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Methode Electronics by 8.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 212,389 shares of the electronics maker’s stock worth $9,685,000 after purchasing an additional 17,077 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in Methode Electronics by 18.9% during the first quarter. Bank of America Corp DE now owns 152,278 shares of the electronics maker’s stock worth $6,943,000 after purchasing an additional 24,178 shares during the last quarter. Institutional investors and hedge funds own 90.75% of the company’s stock.

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Methode Electronics (NYSE MEI) traded up $0.95 during trading hours on Friday, hitting $47.25. 136,934 shares of the stock traded hands, compared to its average volume of 208,131. The company has a current ratio of 4.32, a quick ratio of 3.81 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $1,739.27, a P/E ratio of 18.31, a PEG ratio of 1.22 and a beta of 0.80. Methode Electronics has a one year low of $35.75 and a one year high of $47.40.

Methode Electronics (NYSE:MEI) last posted its earnings results on Thursday, August 31st. The electronics maker reported $0.60 EPS for the quarter, topping the consensus estimate of $0.48 by $0.12. The company had revenue of $201.20 million during the quarter, compared to the consensus estimate of $189.40 million. Methode Electronics had a net margin of 11.16% and a return on equity of 18.11%. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.57 earnings per share. equities research analysts predict that Methode Electronics will post 2.58 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Friday, October 13th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend was Thursday, October 12th. Methode Electronics’s dividend payout ratio (DPR) is presently 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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