Rathbones Group PLC Boosts Position in Littelfuse, Inc. (NASDAQ:LFUS)

Rathbones Group PLC raised its position in Littelfuse, Inc. (NASDAQ:LFUS) by 0.3% during the second quarter, Holdings Channel reports. The fund owned 16,624 shares of the technology company’s stock after acquiring an additional 52 shares during the period. Rathbones Group PLC’s holdings in Littelfuse were worth $4,249,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of LFUS. Rise Advisors LLC bought a new position in shares of Littelfuse in the 1st quarter worth approximately $30,000. CWM LLC increased its holdings in Littelfuse by 410.7% during the second quarter. CWM LLC now owns 143 shares of the technology company’s stock valued at $37,000 after buying an additional 115 shares during the last quarter. GAMMA Investing LLC raised its position in Littelfuse by 275.0% in the second quarter. GAMMA Investing LLC now owns 165 shares of the technology company’s stock worth $42,000 after acquiring an additional 121 shares during the period. Principal Securities Inc. purchased a new position in shares of Littelfuse during the 4th quarter worth $50,000. Finally, EntryPoint Capital LLC bought a new stake in shares of Littelfuse during the 1st quarter valued at $50,000. 96.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on LFUS shares. Stifel Nicolaus upgraded Littelfuse from a “hold” rating to a “buy” rating and lifted their target price for the company from $270.00 to $280.00 in a research report on Tuesday, August 13th. TD Cowen lifted their price objective on Littelfuse from $250.00 to $260.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Finally, Robert W. Baird increased their target price on shares of Littelfuse from $300.00 to $315.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $278.75.

Littelfuse Stock Up 2.3 %

NASDAQ LFUS opened at $250.01 on Monday. Littelfuse, Inc. has a 12 month low of $212.80 and a 12 month high of $275.58. The company has a current ratio of 3.50, a quick ratio of 2.42 and a debt-to-equity ratio of 0.32. The stock has a market cap of $6.20 billion, a PE ratio of 28.64, a P/E/G ratio of 2.51 and a beta of 1.28. The stock’s 50 day moving average is $258.04 and its 200 day moving average is $249.69.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings data on Tuesday, July 30th. The technology company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.22. Littelfuse had a return on equity of 8.91% and a net margin of 8.71%. The firm had revenue of $558.49 million during the quarter, compared to analyst estimates of $540.35 million. During the same quarter last year, the business posted $3.12 earnings per share. The business’s quarterly revenue was down 8.7% compared to the same quarter last year. Research analysts predict that Littelfuse, Inc. will post 8.18 EPS for the current fiscal year.

Littelfuse Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 22nd were given a dividend of $0.70 per share. This is an increase from Littelfuse’s previous quarterly dividend of $0.65. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend was Thursday, August 22nd. Littelfuse’s dividend payout ratio is currently 32.07%.

Insider Activity at Littelfuse

In other news, CEO David W. Heinzmann sold 2,091 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $274.65, for a total value of $574,293.15. Following the sale, the chief executive officer now directly owns 59,654 shares in the company, valued at approximately $16,383,971.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Littelfuse news, CEO David W. Heinzmann sold 2,091 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $274.65, for a total transaction of $574,293.15. Following the transaction, the chief executive officer now owns 59,654 shares in the company, valued at $16,383,971.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David W. Heinzmann sold 8,715 shares of Littelfuse stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $274.40, for a total transaction of $2,391,396.00. Following the transaction, the chief executive officer now directly owns 59,654 shares of the company’s stock, valued at $16,369,057.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,328 shares of company stock valued at $4,437,986. 2.30% of the stock is owned by corporate insiders.

Littelfuse Company Profile

Littelfuse, Inc designs, manufactures, and sells electronic components, modules, and subassemblies in the Americas, Asia-Pacific, and Europe. The company operates through Electronic, Transportation, and Industrial segments. The Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, electromechanical switches and interconnect solutions, polymer electrostatic discharge suppressors, varistors, reed switch based magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, metal-oxide-semiconductor field-effect transistors and diodes, and insulated gate bipolar transistors.