D.B. Root & Company LLC acquired a new stake in Littelfuse, Inc. (NASDAQ:LFUS – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,259 shares of the technology company’s stock, valued at approximately $573,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Parallel Advisors LLC grew its position in shares of Littelfuse by 6.0% in the 1st quarter. Parallel Advisors LLC now owns 597 shares of the technology company’s stock worth $203,000 after acquiring an additional 34 shares in the last quarter. Logan Capital Management Inc. raised its position in shares of Littelfuse by 0.3% during the 4th quarter. Logan Capital Management Inc. now owns 11,543 shares of the technology company’s stock valued at $2,920,000 after acquiring an additional 38 shares in the last quarter. Glenmede Investment Management LP lifted its stake in Littelfuse by 1.5% during the third quarter. Glenmede Investment Management LP now owns 2,845 shares of the technology company’s stock worth $737,000 after purchasing an additional 43 shares during the last quarter. Everhart Financial Group Inc. lifted its stake in Littelfuse by 3.0% during the second quarter. Everhart Financial Group Inc. now owns 1,522 shares of the technology company’s stock worth $693,000 after purchasing an additional 44 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC boosted its holdings in Littelfuse by 0.8% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 5,571 shares of the technology company’s stock worth $1,409,000 after purchasing an additional 46 shares during the period. Institutional investors and hedge funds own 96.14% of the company’s stock.
Littelfuse Price Performance
LFUS stock opened at $412.26 on Monday. The company has a quick ratio of 2.00, a current ratio of 2.76 and a debt-to-equity ratio of 0.20. Littelfuse, Inc. has a fifty-two week low of $233.36 and a fifty-two week high of $500.57. The firm’s 50-day simple moving average is $437.01 and its 200 day simple moving average is $405.38. The stock has a market cap of $10.47 billion, a PE ratio of -824.50, a price-to-earnings-growth ratio of 2.18 and a beta of 1.49.
Littelfuse Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This is an increase from Littelfuse’s previous quarterly dividend of $0.75. This represents a $3.20 annualized dividend and a yield of 0.8%. Littelfuse’s dividend payout ratio is currently -640.00%.
Analyst Upgrades and Downgrades
LFUS has been the topic of a number of research reports. Zacks Research cut shares of Littelfuse from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Weiss Ratings raised shares of Littelfuse from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 30th. Williams Trading set a $520.00 target price on shares of Littelfuse in a report on Thursday, May 7th. Robert W. Baird lifted their target price on Littelfuse from $500.00 to $535.00 and gave the company an “outperform” rating in a research note on Friday, June 5th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $520.00 target price on shares of Littelfuse in a report on Monday, May 18th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Littelfuse presently has an average rating of “Moderate Buy” and an average price target of $465.83.
Read Our Latest Analysis on LFUS
Insiders Place Their Bets
In related news, Director Anthony Grillo sold 3,000 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $451.96, for a total value of $1,355,880.00. Following the completion of the transaction, the director owned 64,928 shares in the company, valued at $29,344,858.88. This represents a 4.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.00% of the stock is owned by insiders.
About Littelfuse
Littelfuse, Inc is a global manufacturer of circuit protection, power control, and sensing technologies. Founded in 1927 and headquartered in Chicago, Illinois, the company develops and produces a broad range of products designed to safeguard electrical and electronic systems across a variety of end markets. Littelfuse’s offerings include fuses, semiconductors, relays, and sensors, all engineered to protect against overcurrent, overvoltage, and thermal events in demanding applications.
The company’s product portfolio is organized into key segments such as Automotive, Industrial & Electronics, and Power & Sensor.
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