Methode Electronics, Inc. (MEI) Director Isabelle C. Goossen Sells 2,500 Shares

Methode Electronics, Inc. (NYSE:MEI) Director Isabelle C. Goossen sold 2,500 shares of the business’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $40.50, for a total transaction of $101,250.00. Following the sale, the director now directly owns 40,950 shares in the company, valued at $1,658,475. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Shares of Methode Electronics, Inc. (NYSE:MEI) traded down $0.20 during trading hours on Friday, reaching $40.50. 163,297 shares of the company’s stock traded hands, compared to its average volume of 309,322. The company has a quick ratio of 3.22, a current ratio of 3.74 and a debt-to-equity ratio of 0.17. Methode Electronics, Inc. has a 52-week low of $36.05 and a 52-week high of $48.44. The company has a market cap of $1,554.13, a PE ratio of 16.60, a PEG ratio of 1.05 and a beta of 0.76.

Methode Electronics (NYSE:MEI) last issued its quarterly earnings results on Thursday, December 7th. The electronics maker reported $0.64 EPS for the quarter, hitting the consensus estimate of $0.64. Methode Electronics had a net margin of 10.81% and a return on equity of 17.07%. The firm had revenue of $230.10 million for the quarter, compared to analysts’ expectations of $218.03 million. During the same period in the previous year, the firm posted $0.66 EPS. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. research analysts expect that Methode Electronics, Inc. will post 2.58 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, January 12th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, January 11th. This is a positive change from Methode Electronics’s previous quarterly dividend of $0.09. This represents a $0.44 annualized dividend and a dividend yield of 1.09%. Methode Electronics’s payout ratio is currently 14.75%.

Several brokerages have commented on MEI. B. Riley reissued a “buy” rating on shares of Methode Electronics in a research report on Wednesday, November 1st. Zacks Investment Research cut shares of Methode Electronics from a “buy” rating to a “hold” rating in a research report on Thursday. BidaskClub raised shares of Methode Electronics from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Robert W. Baird reissued a “buy” rating and set a $46.00 price target on shares of Methode Electronics in a research report on Tuesday, October 17th. Finally, ValuEngine raised shares of Methode Electronics from a “hold” rating to a “buy” rating in a research report on Saturday, September 30th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $49.50.

Institutional investors have recently added to or reduced their stakes in the company. Acrospire Investment Management LLC increased its stake in shares of Methode Electronics by 22.2% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,751 shares of the electronics maker’s stock worth $113,000 after purchasing an additional 500 shares during the last quarter. Riverhead Capital Management LLC increased its stake in shares of Methode Electronics by 87.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,996 shares of the electronics maker’s stock worth $123,000 after purchasing an additional 1,396 shares during the last quarter. Tower Research Capital LLC TRC acquired a new position in shares of Methode Electronics during the 2nd quarter worth about $132,000. Victory Capital Management Inc. increased its stake in shares of Methode Electronics by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 3,565 shares of the electronics maker’s stock worth $147,000 after purchasing an additional 536 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Methode Electronics during the 2nd quarter worth about $156,000. Institutional investors own 89.89% of the company’s stock.

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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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