Jon Ryan Ruhlman, president of Preformed Line Products Co. (NASDAQ: PLPC ), recently sold 2,000 shares of the company’s stock. The sale, executed on August 21, 2023, was made at a price of $168.78 per share, resulting in a total transaction value of $337,560. According to InvestingPro data, PLPC maintains strong financial health with a GOOD overall rating, boasts a 51-year track record of consistent dividend payments and holds more cash than debt on its balance sheet.
Additionally, on January 3, 2023, Ruhlman sold 1,386 shares to cover tax liabilities, and on January 2, 2025, acquired 2,021 shares through the conversion of restricted stock units, which were granted on February 3, 2022, and vested on December 31, 2024. Following these transactions, Ruhlman holds 7,554 shares directly, with additional indirect holdings through various plans. The company’s current market capitalization is $634 million, with a P/E ratio of 19.3x. For deeper insights into PLPC’s valuation metrics and additional expert advice, visit InvestingPro.
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