Notable Ownership Action: Pro-Methode Electronics Inc Institutional Investors Sentiment Runs High in Q2 2016

December 1, 2016 - By kentuckypostne   ·   0 Comments

Notable Ownership Action: Pro Methode Electronics Inc Institutional Investors Sentiment Runs High in  Q2 2016

Sentiment for Methode Electronics Inc (NYSE:MEI)

Methode Electronics Inc (NYSE:MEI) institutional sentiment decreased to 1.13 in 2016 Q2. Its down -0.05, from 1.18 in 2016Q1. The ratio has worsened, as 92 active investment managers increased and opened new stock positions, while 78 cut down and sold their equity positions in Methode Electronics Inc. The active investment managers in our partner’s database reported: 32.76 million shares, up from 32.37 million shares in 2016Q1. Also, the number of active investment managers holding Methode Electronics Inc in their top 10 stock positions increased from 1 to 3 for an increase of 2. Sold All: 22 Reduced: 56 Increased: 59 New Position: 33.

Methode Electronics, Inc. is a maker of component and subsystem devices. The company has a market cap of $1.37 billion. The Firm designs, makes and markets devices employing electrical, radio remote control, electronic, wireless and sensing technologies. It has a 17.31 P/E ratio. The Firm operates through divisions, including Automotive, Interface, Power Products and Other.

About 179,932 shares traded hands. Methode Electronics Inc. (NYSE:MEI) has risen 21.55% since April 28, 2016 and is uptrending. It has outperformed by 15.62% the S&P500.

Analysts await Methode Electronics Inc. (NYSE:MEI) to report earnings on December, 8. They expect $0.55 earnings per share, up 1.85% or $0.01 from last year’s $0.54 per share. MEI’s profit will be $20.15 million for 17.00 P/E if the $0.55 EPS becomes a reality. After $0.57 actual earnings per share reported by Methode Electronics Inc. for the previous quarter, Wall Street now forecasts -3.51% negative EPS growth.

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.”

Methode Electronics Inc. (NYSE:MEI) Ratings Coverage

Ratings analysis reveals 50% of Methode Electronics’s analysts are positive. Out of 2 Wall Street analysts rating Methode Electronics, 1 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $37 while the high is $45. The stock’s average target of $41 is 9.63% above today’s ($37.4) share price. MEI was included in 3 notes of analysts from September 4, 2015. The stock has “Outperform” rating given by Robert W. Baird on Friday, June 24. The firm earned “Hold” rating on Friday, September 2 by Craig Hallum. On Friday, September 4 the stock rating was upgraded by Craig Hallum to “Buy”.

MEI Company Profile

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.

More 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 Marketwatch.com published the news titled: “/quotes/zigman/3870025/realtime” on December 21, 2009. Fool.com‘s news article titled: “Why Methode Electronics, Inc. Jumped More Than 20% Thursday” with publication date: September 03, 2015 was also an interesting one.

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By kentuckypostne


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