November 28, 2016 - By Marguerite Chambers
After the disclosing of a legal report filled with DC-based SEC; a insider trading trade became apparent. The director of Methode Electronics Inc, Paul Shelton; made a deal in the open market by selling 1,000 shares at an avg market stock price per share of $38.0 of the public company having an approx. value of $38,013 USD. The regulatory filing shows that Paul Shelton now has rights to roughly 0.01% of the Illinois-based company’s market capitalization
Out of 2 analysts covering Methode Electronics (NYSE:MEI), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. $45 is the highest target while $37 is the lowest. The $41 average target is 7.36% above today’s ($38.19) stock price. Methode Electronics has been the topic of 3 analyst reports since September 4, 2015 according to StockzIntelligence Inc. The rating was upgraded by Robert W. Baird on Friday, June 24 to “Outperform”. The stock of Methode Electronics Inc. (NYSE:MEI) has “Buy” rating given on Friday, September 4 by Craig Hallum. On Friday, September 2 the stock rating was downgraded by Craig Hallum to “Hold”.
Insitutional Activity: The institutional sentiment decreased to 1.13 in 2016 Q2. Its down 0.05, from 1.18 in 2016Q1. The ratio dived, as 22 funds sold all Methode Electronics Inc. shares owned while 56 reduced positions. 33 funds bought stakes while 59 increased positions. They now own 32.76 million shares or 1.21% more from 32.37 million shares in 2016Q1.
Boothbay Fund Limited Liability Com accumulated 0.18% or 10,860 shares. Dimensional Fund Advsr Limited Partnership accumulated 0.04% or 1.96 million shares. Victory Cap Mngmt has 0% invested in the company for 1,699 shares. The New York-based Gotham Asset Mgmt Limited Liability Co has invested 0.03% in Methode Electronics Inc. (NYSE:MEI). Citigroup holds 0% or 21,937 shares in its portfolio. Tributary Lc accumulated 201,608 shares or 1.01% of the stock. Clearbridge Limited Liability Company holds 0% or 120,023 shares in its portfolio. Pub Employees Retirement Association Of Colorado, a Colorado-based fund reported 9,655 shares. Robotti Robert owns 220,145 shares or 2.72% of their US portfolio. Turner Invs Limited Partnership reported 28,500 shares or 0.31% of all its holdings. Silvercrest Asset holds 0.42% of its portfolio in Methode Electronics Inc. (NYSE:MEI) for 966,726 shares. Bank Of Mellon Corporation has invested 0.03% of its portfolio in Methode Electronics Inc. (NYSE:MEI). Bnp Paribas Arbitrage Sa has 11,903 shares for 0% of their US portfolio. Walleye Trading Lc reported 2,594 shares or 0% of all its holdings. Loomis Sayles L P accumulated 405,758 shares or 0.04% of the stock.
Insider Transactions: Since June 29, 2016, the stock had 0 buys, and 13 insider sales for $4.97 million net activity. $1.42 million worth of Methode Electronics Inc. (NYSE:MEI) was sold by DUDA DONALD W. 2,150 Methode Electronics Inc. (NYSE:MEI) shares with value of $77,525 were sold by SHELTON PAUL G. SKATOFF LAWRENCE B also sold $104,989 worth of Methode Electronics Inc. (NYSE:MEI) on Wednesday, September 21. The insider Theodore Kill sold 4,000 shares worth $137,159. 39,183 shares were sold by Glandon Timothy, worth $1.37M. 26,147 Methode Electronics Inc. (NYSE:MEI) shares with value of $916,604 were sold by KOMAN DOUGLAS A. Shares for $107,238 were sold by Goossen Isabelle C.
About 136,925 shares traded hands. Methode Electronics Inc. (NYSE:MEI) has risen 24.31% since April 25, 2016 and is uptrending. It has outperformed by 18.29% the S&P500.
Methode Electronics, Inc. is a maker of component and subsystem devices. The company has a market cap of $1.42 billion. The Firm designs, makes and markets devices employing electrical, radio remote control, electronic, wireless and sensing technologies. It has a 17.68 P/E ratio. The Firm operates through divisions, including Automotive, Interface, Power Products and Other.
According to Zacks Investment Research, “Methode Electronics, Inc. manufactures component devices world-wide for Original Equipment Manufacturers of information processing and networking equipment, voice and data communications systems, consumer electronics, automobiles, aerospace vehicles and industrial equipment. Products employ electrical, electronic and optical technologies as sensors, interconnections and controls. The company manufactures bus systems and provides independent laboratory services for qualification testing and certification of electronic and optical components.”
Analysts await Methode Electronics Inc. (NYSE:MEI) to report earnings on December, 8. They expect $0.55 EPS, up 1.85% or $0.01 from last year’s $0.54 per share. MEI’s profit will be $20.45 million for 17.36 P/E if the $0.55 EPS becomes a reality. After $0.57 actual EPS reported by Methode Electronics Inc. for the previous quarter, Wall Street now forecasts -3.51% negative EPS growth.
More notable recent Methode Electronics Inc. (NYSE:MEI) news were published by: Quotes.Wsj.com which released: “News Methode Electronics Inc.MEI” on February 11, 2011, also Fool.com with their article: “Why Methode Electronics, Inc. Jumped More Than 20% Thursday” published on September 03, 2015, Fool.com published: “Why Shares of Methode Electronics Inc. Fell More Than 30% Today” on June 25, 2015. More interesting news about Methode Electronics Inc. (NYSE:MEI) were released by: Marketwired.com and their article: “Methode Electronics, Inc. Reports Fiscal 2017 First-Quarter Sales and Earnings” published on September 01, 2016 as well as Marketwired.com‘s news article titled: “Methode Electronics, Inc. Reports Fiscal 2016 Sales and Earnings” with publication date: June 23, 2016.
Methode Electronics, Inc. (Methode), incorporated on April 27, 1966, is a maker of component and subsystem devices. The Firm designs, makes and markets devices employing electrical, radio remote control, electronic, wireless and sensing technologies. The Firm operates through divisions, including Automotive, Interface, Power Products and Other. The Firm has manufacturing, design and testing facilities in China, Egypt, Germany, India, Italy, Lebanon, Malta, Mexico, Singapore, Switzerland, the United Kingdom and the United States. The Company’s components are found in end markets of the aerospace, appliance, automotive, battery storage, construction, consumer and industrial equipment, communications (including information processing and storage, medical device, networking equipment, wireless and terrestrial voice/data systems), rail and other transportation industries.
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