Comerica Bank grew its holdings in Littelfuse (NASDAQ:LFUS) by 9.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,616 shares of the technology company’s stock after purchasing an additional 1,631 shares during the period. Comerica Bank owned approximately 0.08% of Littelfuse worth $4,095,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Advisor Partners LLC purchased a new stake in shares of Littelfuse during the fourth quarter worth $212,000. Zeke Capital Advisors LLC purchased a new stake in shares of Littelfuse during the fourth quarter worth $210,000. Stone Ridge Asset Management LLC purchased a new stake in shares of Littelfuse during the fourth quarter worth $218,000. D.B. Root & Company LLC purchased a new stake in shares of Littelfuse during the first quarter worth $234,000. Finally, Bank of Montreal Can raised its holdings in shares of Littelfuse by 67.0% during the fourth quarter. Bank of Montreal Can now owns 1,181 shares of the technology company’s stock worth $234,000 after acquiring an additional 474 shares in the last quarter. Institutional investors own 94.87% of the company’s stock.
In other Littelfuse news, EVP Ryan K. Stafford sold 8,027 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $223.36, for a total transaction of $1,792,910.72. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO David W. Heinzmann sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $209.90, for a total value of $1,049,500.00. Following the transaction, the chief executive officer now owns 40,941 shares in the company, valued at $8,593,515.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 67,235 shares of company stock worth $14,429,816. Corporate insiders own 3.80% of the company’s stock.
Littelfuse (NASDAQ:LFUS) last posted its earnings results on Wednesday, May 2nd. The technology company reported $2.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.81 by $0.58. Littelfuse had a return on equity of 18.83% and a net margin of 8.62%. The company had revenue of $417.81 million for the quarter, compared to analyst estimates of $391.22 million. During the same period last year, the company earned $1.69 earnings per share. The business’s revenue was up 46.4% compared to the same quarter last year. analysts anticipate that Littelfuse will post 9.53 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 7th. Shareholders of record on Thursday, May 24th will be issued a dividend of $0.37 per share. The ex-dividend date is Wednesday, May 23rd. This represents a $1.48 annualized dividend and a yield of 0.68%. Littelfuse’s dividend payout ratio (DPR) is currently 19.12%.
Several analysts recently issued reports on the company. BidaskClub upgraded Littelfuse from a “hold” rating to a “buy” rating in a report on Friday, February 23rd. Zacks Investment Research lowered Littelfuse from a “buy” rating to a “hold” rating in a report on Wednesday, April 4th. ValuEngine upgraded Littelfuse from a “hold” rating to a “buy” rating in a report on Thursday, May 3rd. Finally, Barrington Research reiterated a “hold” rating on shares of Littelfuse in a report on Tuesday, May 1st. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $212.75.
Littelfuse Company Profile
Littelfuse, Inc designs, manufactures, and sells circuit protection products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, and gas discharge tubes; and semiconductor and power semiconductor products, such as discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, silicon carbide, metal-oxide-semiconductor field-effect transistors, and silicon carbide diodes, as well as insulated gate bipolar transistors.
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