Bronfman E.L. Rothschild L.P. boosted its position in Littelfuse, Inc. (NASDAQ:LFUS) by 16.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 677 shares of the technology company’s stock after acquiring an additional 95 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in Littelfuse were worth $112,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Littelfuse by 22,715.7% during the 1st quarter. BlackRock Inc. now owns 2,254,650 shares of the technology company’s stock valued at $360,542,000 after purchasing an additional 2,244,768 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Littelfuse by 4.9% during the 1st quarter. Vanguard Group Inc. now owns 1,847,598 shares of the technology company’s stock valued at $295,449,000 after purchasing an additional 85,750 shares in the last quarter. State Street Corp boosted its stake in shares of Littelfuse by 1.8% during the 1st quarter. State Street Corp now owns 712,869 shares of the technology company’s stock valued at $113,996,000 after purchasing an additional 12,883 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Littelfuse by 97.3% during the 2nd quarter. Principal Financial Group Inc. now owns 451,428 shares of the technology company’s stock valued at $74,486,000 after purchasing an additional 222,636 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its stake in shares of Littelfuse by 45.2% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 358,678 shares of the technology company’s stock valued at $59,182,000 after purchasing an additional 111,675 shares in the last quarter. 96.89% of the stock is currently owned by institutional investors and hedge funds.
Shares of Littelfuse, Inc. (LFUS) opened at 184.71 on Friday. Littelfuse, Inc. has a 52 week low of $116.97 and a 52 week high of $188.60. The company has a market cap of $4.20 billion, a price-to-earnings ratio of 29.07 and a beta of 0.97. The stock’s 50 day moving average is $181.53 and its 200-day moving average is $166.98.
Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings results on Wednesday, August 2nd. The technology company reported $2.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.10. The company had revenue of $313.36 million during the quarter, compared to the consensus estimate of $312.97 million. Littelfuse had a net margin of 12.51% and a return on equity of 19.67%. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.44 earnings per share. On average, equities analysts anticipate that Littelfuse, Inc. will post $7.73 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 7th. Stockholders of record on Thursday, August 24th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Tuesday, August 22nd. This is an increase from Littelfuse’s previous quarterly dividend of $0.33. This represents a $1.48 annualized dividend and a dividend yield of 0.80%. Littelfuse’s dividend payout ratio is 23.34%.
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A number of equities research analysts have recently weighed in on the stock. Stifel Nicolaus reaffirmed a “hold” rating and set a $175.00 target price (up previously from $165.00) on shares of Littelfuse in a research note on Friday, July 21st. Oppenheimer Holdings, Inc. lifted their target price on shares of Littelfuse from $185.00 to $200.00 and gave the company an “outperform” rating in a research note on Wednesday, July 19th. Zacks Investment Research lowered shares of Littelfuse from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Robert W. Baird reaffirmed a “positive” rating and set a $195.00 target price (up previously from $187.00) on shares of Littelfuse in a research note on Wednesday, July 19th. Finally, BidaskClub lowered shares of Littelfuse from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $188.80.
Littelfuse, Inc is a supplier of circuit protection products for the electronics, automotive and industrial markets. The Company operates through three segments. The Electronics segment provides circuit protection components for overcurrent and overvoltage protection, as well as sensor components and modules to manufacturers of a range of electronic products.
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