Earnest Partners LLC boosted its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 0.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 535,401 shares of the technology company’s stock after purchasing an additional 4,956 shares during the quarter. Earnest Partners LLC’s holdings in Littelfuse were worth $94,718,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its stake in shares of Littelfuse by 8.8% in the fourth quarter. Geode Capital Management LLC now owns 258,284 shares of the technology company’s stock valued at $44,290,000 after buying an additional 20,859 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in Littelfuse by 106.2% in the first quarter. BNP Paribas Arbitrage SA now owns 802 shares of the technology company’s stock worth $146,000 after purchasing an additional 413 shares during the period. Quantamental Technologies LLC acquired a new stake in Littelfuse in the first quarter worth about $33,000. Janney Montgomery Scott LLC increased its position in Littelfuse by 5.3% in the first quarter. Janney Montgomery Scott LLC now owns 4,253 shares of the technology company’s stock worth $776,000 after purchasing an additional 213 shares during the period. Finally, Janus Henderson Group PLC increased its position in Littelfuse by 26.2% in the first quarter. Janus Henderson Group PLC now owns 2,720 shares of the technology company’s stock worth $496,000 after purchasing an additional 564 shares during the period. Hedge funds and other institutional investors own 99.73% of the company’s stock.
Shares of LFUS opened at $181.30 on Friday. The company has a current ratio of 3.90, a quick ratio of 2.95 and a debt-to-equity ratio of 0.46. Littelfuse, Inc. has a 1 year low of $149.80 and a 1 year high of $225.70. The stock has a market cap of $4.29 billion, a P/E ratio of 19.21, a price-to-earnings-growth ratio of 2.34 and a beta of 1.09. The stock’s 50-day moving average price is $162.96 and its two-hundred day moving average price is $177.30.
Littelfuse (NASDAQ:LFUS) last issued its earnings results on Wednesday, July 31st. The technology company reported $1.91 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.91. Littelfuse had a return on equity of 13.82% and a net margin of 10.15%. The firm had revenue of $397.00 million for the quarter, compared to analysts’ expectations of $397.98 million. During the same quarter last year, the business earned $2.68 earnings per share. The company’s revenue was down 13.5% compared to the same quarter last year. As a group, equities analysts forecast that Littelfuse, Inc. will post 6.77 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 22nd were issued a dividend of $0.48 per share. The ex-dividend date was Wednesday, August 21st. This represents a $1.92 dividend on an annualized basis and a yield of 1.06%. This is a boost from Littelfuse’s previous quarterly dividend of $0.43. Littelfuse’s dividend payout ratio (DPR) is 20.34%.
LFUS has been the subject of a number of research reports. BidaskClub upgraded Littelfuse from a “hold” rating to a “buy” rating in a research report on Thursday. Zacks Investment Research lowered Littelfuse from a “hold” rating to a “sell” rating in a research report on Tuesday, July 16th. Cowen reiterated an “outperform” rating and issued a $200.00 price objective (down from $210.00) on shares of Littelfuse in a research report on Thursday, August 1st. Robert W. Baird lowered Littelfuse from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $193.00 to $171.00 in a research report on Thursday, August 1st. Finally, Barrington Research reiterated a “hold” rating on shares of Littelfuse in a research report on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $207.33.
Littelfuse, Inc designs, manufactures, and sells circuit protection, power control, and sensing products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, magnetic sensing products, and gas discharge tubes; and 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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