Littelfuse, Inc. (NASDAQ:LFUS) Stock Holdings Reduced by Rathbones Group PLC

Rathbones Group PLC reduced its position in Littelfuse, Inc. (NASDAQ:LFUS) by 24.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,244 shares of the technology company’s stock after selling 5,314 shares during the period. Rathbones Group PLC’s holdings in Littelfuse were worth $3,196,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Teacher Retirement System of Texas increased its holdings in Littelfuse by 80.5% in the first quarter. Teacher Retirement System of Texas now owns 5,023 shares of the technology company’s stock worth $988,000 after buying an additional 2,240 shares during the last quarter. Millennium Management LLC lifted its stake in Littelfuse by 806.0% in the fourth quarter. Millennium Management LLC now owns 19,253 shares of the technology company’s stock valued at $4,537,000 after acquiring an additional 17,128 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Littelfuse by 1.9% in the first quarter. Envestnet Asset Management Inc. now owns 137,047 shares of the technology company’s stock worth $26,963,000 after acquiring an additional 2,571 shares in the last quarter. Palisade Capital Management LP increased its stake in shares of Littelfuse by 6.5% during the 1st quarter. Palisade Capital Management LP now owns 183,400 shares of the technology company’s stock worth $36,082,000 after purchasing an additional 11,157 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Littelfuse by 206.4% during the 1st quarter. GAMMA Investing LLC now owns 576 shares of the technology company’s stock worth $113,000 after purchasing an additional 388 shares during the last quarter. 96.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Littelfuse

In related news, Director T J. Chung sold 2,343 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $246.11, for a total transaction of $576,635.73. Following the completion of the sale, the director owned 18,730 shares in the company, valued at $4,609,640.30. This represents a 11.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on LFUS shares. Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a research note on Wednesday, May 28th. Robert W. Baird raised their target price on Littelfuse from $182.00 to $194.00 and gave the company a “neutral” rating in a report on Thursday, May 1st. Oppenheimer reduced their price target on Littelfuse from $310.00 to $275.00 and set an “outperform” rating for the company in a research report on Thursday, May 1st. Finally, Wall Street Zen upgraded Littelfuse from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 2nd. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Littelfuse presently has a consensus rating of “Moderate Buy” and a consensus price target of $234.50.

Littelfuse Trading Up 3.2%

NASDAQ:LFUS opened at $263.42 on Thursday. The company’s 50 day moving average is $233.64 and its 200-day moving average is $215.59. The company has a quick ratio of 2.98, a current ratio of 4.06 and a debt-to-equity ratio of 0.30. Littelfuse, Inc. has a 12 month low of $142.10 and a 12 month high of $275.56. The firm has a market cap of $6.53 billion, a price-to-earnings ratio of 54.88, a P/E/G ratio of 2.19 and a beta of 1.41.

Littelfuse (NASDAQ:LFUS) last posted its earnings results on Wednesday, July 30th. The technology company reported $2.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.35 by $0.50. The business had revenue of $613.41 million for the quarter, compared to analyst estimates of $571.04 million. Littelfuse had a net margin of 5.30% and a return on equity of 9.74%. Littelfuse’s revenue was up 9.8% compared to the same quarter last year. During the same period last year, the business posted $1.97 EPS. Equities analysts anticipate that Littelfuse, Inc. will post 9.49 EPS for the current year.

Littelfuse Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 21st will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.00 annualized dividend and a dividend yield of 1.1%. This is a boost from Littelfuse’s previous quarterly dividend of $0.70. Littelfuse’s payout ratio is presently 58.33%.

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.