Schwab Charles Investment Management Inc. increased its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 4.1% in the 4th quarter, HoldingsChannel reports. The firm owned 134,287 shares of the technology company’s stock after buying an additional 5,288 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Littelfuse were worth $26,565,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Turner Investments LLC acquired a new position in Littelfuse in the third quarter worth about $147,000. Advisor Group Inc. raised its position in Littelfuse by 4.6% in the second quarter. Advisor Group Inc. now owns 1,225 shares of the technology company’s stock worth $187,000 after purchasing an additional 54 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of Littelfuse by 63.6% during the second quarter. Royal Bank of Canada now owns 1,178 shares of the technology company’s stock worth $194,000 after buying an additional 458 shares in the last quarter. Intrust Bank NA acquired a new stake in shares of Littelfuse during the third quarter worth approximately $204,000. Finally, Coldstream Capital Management Inc. acquired a new stake in shares of Littelfuse during the third quarter worth approximately $204,000. 98.72% of the stock is owned by hedge funds and other institutional investors.
In other news, SVP Ian Highley sold 9,378 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $212.50, for a total transaction of $1,992,825.00. Following the sale, the senior vice president now directly owns 4,121 shares of the company’s stock, valued at $875,712.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.80% of the company’s stock.
Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings data on Wednesday, January 31st. The technology company reported $1.81 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.13. The company had revenue of $304.85 million during the quarter, compared to analyst estimates of $299.88 million. Littelfuse had a net margin of 9.78% and a return on equity of 19.65%. The company’s revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the business posted $1.57 earnings per share. equities research analysts forecast that Littelfuse, Inc. will post 8.53 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 22nd will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Wednesday, February 21st. Littelfuse’s payout ratio is 28.52%.
LFUS has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Littelfuse from a “hold” rating to a “buy” rating and set a $230.00 price objective for the company in a report on Wednesday, October 18th. BidaskClub lowered shares of Littelfuse from a “buy” rating to a “hold” rating in a report on Friday, January 26th. Robert W. Baird reaffirmed a “buy” rating and set a $230.00 price objective on shares of Littelfuse in a report on Friday, November 3rd. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Littelfuse in a report on Wednesday, November 1st. Six analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Littelfuse currently has a consensus rating of “Hold” and a consensus target price of $211.25.
WARNING: This article was originally published by Markets Daily and is owned by of Markets Daily. If you are reading this article on another publication, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The legal version of this article can be viewed at https://www.themarketsdaily.com/2018/02/15/schwab-charles-investment-management-inc-acquires-5288-shares-of-littelfuse-inc-lfus.html.
Littelfuse Company Profile
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.
Want to see what other hedge funds are holding LFUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Littelfuse, Inc. (NASDAQ:LFUS).
Receive News & Ratings for Littelfuse Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Littelfuse and related companies with MarketBeat.com's FREE daily email newsletter.