Shares of Methode Electronics Inc. (NYSE:MEI) have earned a consensus rating of “Hold” from the six analysts that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $37.00.

A number of analysts recently weighed in on the stock. B. Riley reissued a “buy” rating and issued a $42.00 price objective on shares of Methode Electronics in a research report on Friday, December 7th. Zacks Investment Research downgraded shares of Methode Electronics from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. ValuEngine downgraded shares of Methode Electronics from a “sell” rating to a “strong sell” rating in a research note on Wednesday, September 19th. Craig Hallum set a $25.00 target price on shares of Methode Electronics and gave the stock a “hold” rating in a research note on Friday, December 7th. They noted that the move was a valuation call. Finally, Robert W. Baird downgraded shares of Methode Electronics from an “outperform” rating to a “neutral” rating in a research note on Monday, October 1st.

Shares of NYSE MEI traded up $0.44 during mid-day trading on Friday, hitting $25.59. 19,578 shares of the company’s stock traded hands, compared to its average volume of 408,417. The company has a current ratio of 2.56, a quick ratio of 1.94 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $926.13 million, a price-to-earnings ratio of 8.53 and a beta of 1.36. Methode Electronics has a 1 year low of $20.99 and a 1 year high of $45.45.

Methode Electronics (NYSE:MEI) last announced its earnings results on Thursday, December 6th. The electronics maker reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.08. The firm had revenue of $264.00 million for the quarter, compared to analysts’ expectations of $269.57 million. Methode Electronics had a net margin of 5.27% and a return on equity of 19.33%. The business’s revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.64 EPS. On average, equities analysts predict that Methode Electronics will post 2.61 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 25th. Stockholders of record on Friday, January 11th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, January 10th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.72%. Methode Electronics’s dividend payout ratio is presently 14.67%.

In other news, VP Ronald L.G. Tsoumas bought 5,735 shares of the stock in a transaction on Friday, December 28th. The stock was bought at an average cost of $24.98 per share, for a total transaction of $143,260.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Donald W. Duda bought 70,848 shares of the stock in a transaction on Tuesday, December 11th. The stock was purchased at an average price of $23.79 per share, with a total value of $1,685,473.92. Following the completion of the purchase, the chief executive officer now owns 699,034 shares of the company’s stock, valued at $16,630,018.86. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 90,518 shares of company stock worth $2,153,707. Insiders own 3.40% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc boosted its stake in Methode Electronics by 2.4% in the third quarter. Vanguard Group Inc now owns 3,638,598 shares of the electronics maker’s stock valued at $131,718,000 after acquiring an additional 84,173 shares in the last quarter. Marshall Wace North America L.P. acquired a new stake in Methode Electronics in the third quarter valued at approximately $322,000. Clearbridge Investments LLC boosted its stake in Methode Electronics by 784.2% in the third quarter. Clearbridge Investments LLC now owns 662,827 shares of the electronics maker’s stock valued at $23,994,000 after acquiring an additional 587,860 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Methode Electronics by 2.4% in the third quarter. Vanguard Group Inc. now owns 3,638,598 shares of the electronics maker’s stock worth $131,718,000 after buying an additional 84,173 shares during the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of Methode Electronics by 7.4% in the third quarter. Legal & General Group Plc now owns 84,333 shares of the electronics maker’s stock worth $3,055,000 after buying an additional 5,838 shares during the last quarter. Institutional investors own 93.30% of the company’s stock.

About Methode Electronics

Methode Electronics, Inc designs, manufactures, and markets component and subsystem devices worldwide. The company operates through four segments: Automotive, Interface, Power Products, and Other. The Automotive segment offers electronic and electro-mechanical devices, and related products to automobile original equipment manufacturers directly or through their tiered suppliers.

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