Plantronics, Inc. (PLT) Director Sells $1,108,122.48 in Stock

Plantronics, Inc. (NYSE:PLT) Director John Hart sold 21,083 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $52.56, for a total transaction of $1,108,122.48. Following the sale, the director now owns 11,094 shares of the company’s stock, valued at $583,100.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Plantronics, Inc. (NYSE PLT) traded down $0.37 during midday trading on Thursday, hitting $52.32. 205,406 shares of the stock were exchanged, compared to its average volume of 164,578. The company has a current ratio of 6.44, a quick ratio of 5.90 and a debt-to-equity ratio of 1.27. Plantronics, Inc. has a 52 week low of $41.28 and a 52 week high of $58.27. The firm has a market capitalization of $1,745.23, a P/E ratio of 23.15, a price-to-earnings-growth ratio of 1.61 and a beta of 1.24.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Monday, November 20th will be paid a $0.15 dividend. The ex-dividend date is Friday, November 17th. This represents a $0.60 dividend on an annualized basis and a yield of 1.15%. Plantronics’s dividend payout ratio (DPR) is 24.69%.

Several hedge funds and other institutional investors have recently bought and sold shares of PLT. Dean Investment Associates LLC bought a new stake in shares of Plantronics in the third quarter worth $2,968,000. Cornerstone Capital Management Holdings LLC. acquired a new position in Plantronics in the third quarter valued at $1,741,000. Dimensional Fund Advisors LP raised its holdings in shares of Plantronics by 2.2% during the third quarter. Dimensional Fund Advisors LP now owns 858,695 shares of the technology company’s stock valued at $37,972,000 after purchasing an additional 18,134 shares during the period. Brandes Investment Partners LP acquired a new position in shares of Plantronics during the third quarter valued at about $1,257,000. Finally, Tiedemann Wealth Management LLC raised its holdings in shares of Plantronics by 8.8% during the third quarter. Tiedemann Wealth Management LLC now owns 26,321 shares of the technology company’s stock valued at $293,000 after purchasing an additional 2,138 shares during the period. 90.99% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have issued reports on PLT. TheStreet upgraded shares of Plantronics from a “c+” rating to a “b” rating in a research report on Friday, November 24th. Zacks Investment Research upgraded shares of Plantronics from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Finally, Roth Capital set a $55.00 price objective on shares of Plantronics and gave the stock a “buy” rating in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $57.33.

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About Plantronics

Plantronics, Inc (Plantronics) is engaged in the design, manufacture, and distribution of headsets for business and consumer applications, and other specialty products for the hearing impaired. The Company is a global designer, manufacturer and marketer of communications headsets, telephone headset systems, other communication endpoints and accessories for the business and consumer markets.

Insider Buying and Selling by Quarter for Plantronics (NYSE:PLT)

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