Thompson Siegel & Walmsley LLC lowered its position in shares of Methode Electronics, Inc. (NYSE:MEI) by 16.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 493,844 shares of the electronics maker’s stock after selling 94,576 shares during the period. Thompson Siegel & Walmsley LLC owned 1.34% of Methode Electronics worth $20,347,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in shares of Methode Electronics by 19.8% during the second quarter. JPMorgan Chase & Co. now owns 317,187 shares of the electronics maker’s stock worth $13,069,000 after acquiring an additional 52,492 shares during the last quarter. Chicago Equity Partners LLC grew its position in shares of Methode Electronics by 160.3% during the second quarter. Chicago Equity Partners LLC now owns 19,260 shares of the electronics maker’s stock worth $794,000 after acquiring an additional 11,860 shares during the last quarter. Crawford Investment Counsel Inc. grew its position in shares of Methode Electronics by 7.6% during the second quarter. Crawford Investment Counsel Inc. now owns 43,763 shares of the electronics maker’s stock worth $1,803,000 after acquiring an additional 3,100 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Methode Electronics by 4.1% during the second quarter. Principal Financial Group Inc. now owns 302,558 shares of the electronics maker’s stock worth $12,466,000 after acquiring an additional 11,975 shares during the last quarter. Finally, Prudential Financial Inc. grew its position in shares of Methode Electronics by 41.6% during the second quarter. Prudential Financial Inc. now owns 110,066 shares of the electronics maker’s stock worth $4,535,000 after acquiring an additional 32,315 shares during the last quarter. Institutional investors and hedge funds own 90.21% of the company’s stock.

Several equities analysts have recently commented on the stock. B. Riley restated a “buy” rating and set a $49.00 price target on shares of Methode Electronics in a research report on Friday, June 23rd. BidaskClub lowered shares of Methode Electronics from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. ValuEngine lowered shares of Methode Electronics from a “buy” rating to a “hold” rating in a research report on Thursday, August 24th. Robert W. Baird reaffirmed an “outperform” rating and issued a $47.00 price objective (down previously from $51.00) on shares of Methode Electronics in a report on Monday, June 19th. Finally, FBR & Co reaffirmed an “outperform” rating and issued a $49.00 price objective on shares of Methode Electronics in a report on Tuesday, July 18th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $48.25.

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Shares of Methode Electronics, Inc. (NYSE MEI) opened at 39.90 on Monday. The company has a 50-day moving average of $39.39 and a 200 day moving average of $41.52. Methode Electronics, Inc. has a 12-month low of $29.85 and a 12-month high of $46.40. The firm has a market cap of $1.47 billion, a P/E ratio of 15.80 and a beta of 0.76.

Methode Electronics (NYSE:MEI) last announced its earnings results on Thursday, August 31st. The electronics maker reported $0.60 earnings per share for the quarter, beating 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 company had revenue of $201.20 million during the quarter, compared to analyst estimates of $189.40 million. During the same period last year, the company posted $0.57 earnings per share. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. Equities analysts predict that Methode Electronics, Inc. will post $2.46 EPS for the current year.

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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