Littelfuse, Inc. (NASDAQ:LFUS) Shares Purchased by TD Asset Management Inc.

TD Asset Management Inc. boosted its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 119.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,579 shares of the technology company’s stock after acquiring an additional 10,661 shares during the period. TD Asset Management Inc. owned 0.08% of Littelfuse worth $5,350,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of LFUS. Lazard Asset Management LLC raised its holdings in Littelfuse by 50.0% in the second quarter. Lazard Asset Management LLC now owns 162 shares of the technology company’s stock valued at $41,000 after acquiring an additional 54 shares in the last quarter. Berman Capital Advisors LLC raised its holdings in Littelfuse by 46.6% in the second quarter. Berman Capital Advisors LLC now owns 192 shares of the technology company’s stock valued at $48,000 after acquiring an additional 61 shares in the last quarter. Dark Forest Capital Management LP acquired a new stake in Littelfuse in the second quarter valued at $86,000. Signaturefd LLC raised its holdings in Littelfuse by 37.9% in the third quarter. Signaturefd LLC now owns 451 shares of the technology company’s stock valued at $123,000 after acquiring an additional 124 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its holdings in Littelfuse by 292.8% in the third quarter. Meeder Asset Management Inc. now owns 707 shares of the technology company’s stock valued at $193,000 after acquiring an additional 527 shares in the last quarter. 93.80% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have weighed in on LFUS shares. Stifel Nicolaus increased their target price on shares of Littelfuse from $270.00 to $290.00 and gave the stock a “hold” rating in a report on Friday, December 3rd. Zacks Investment Research cut shares of Littelfuse from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 29th. Finally, Cowen increased their target price on shares of Littelfuse from $305.00 to $330.00 and gave the stock an “outperform” rating in a report on Wednesday, December 8th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $303.60.

LFUS stock opened at $302.35 on Friday. The company has a quick ratio of 2.56, a current ratio of 3.41 and a debt-to-equity ratio of 0.34. Littelfuse, Inc. has a fifty-two week low of $234.59 and a fifty-two week high of $334.84. The firm’s 50-day simple moving average is $311.04 and its 200 day simple moving average is $285.87. The stock has a market cap of $7.45 billion, a PE ratio of 25.84, a price-to-earnings-growth ratio of 1.85 and a beta of 1.19.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings data on Tuesday, October 26th. The technology company reported $3.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.15 by $0.80. Littelfuse had a net margin of 15.09% and a return on equity of 17.85%. The business had revenue of $539.60 million for the quarter, compared to analysts’ expectations of $518.81 million. During the same quarter last year, the company earned $2.16 EPS. The company’s revenue for the quarter was up 37.8% compared to the same quarter last year. Equities analysts forecast that Littelfuse, Inc. will post 12.94 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 2nd. Investors of record on Thursday, November 18th were issued a $0.53 dividend. The ex-dividend date of this dividend was Wednesday, November 17th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.70%. Littelfuse’s dividend payout ratio (DPR) is presently 18.12%.

In related news, EVP Ryan K. Stafford sold 7,491 shares of the stock in a transaction dated Friday, November 12th. The shares were sold at an average price of $329.28, for a total value of $2,466,636.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David W. Heinzmann sold 9,867 shares of the stock in a transaction dated Thursday, October 21st. The shares were sold at an average price of $294.00, for a total transaction of $2,900,898.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 44,137 shares of company stock worth $13,726,692. Corporate insiders own 2.70% of the company’s stock.

Littelfuse Company Profile

Littelfuse, Inc engages in the manufacture of technologies in circuit protection, power control and sensing. It operates through the following segments: Electronics, Automotive, and Industrial. The Electronics segment includes the broadest and deepest portfolio of overvoltage and overcurrent solutions.

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Institutional Ownership by Quarter for Littelfuse (NASDAQ:LFUS)

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