Envestnet Asset Management Inc. boosted its holdings in Littelfuse, Inc. (NASDAQ:LFUS – Free Report) by 1.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 147,379 shares of the technology company’s stock after purchasing an additional 2,013 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Littelfuse were worth $38,173,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LFUS. Blue Trust Inc. boosted its position in shares of Littelfuse by 1,666.7% during the third quarter. Blue Trust Inc. now owns 106 shares of the technology company’s stock valued at $27,000 after buying an additional 100 shares during the last quarter. Cullen Frost Bankers Inc. bought a new position in Littelfuse during the 3rd quarter valued at $31,000. Steph & Co. purchased a new position in Littelfuse during the 3rd quarter worth $32,000. Huntington National Bank grew its stake in shares of Littelfuse by 264.7% in the 2nd quarter. Huntington National Bank now owns 124 shares of the technology company’s stock worth $28,000 after acquiring an additional 90 shares in the last quarter. Finally, Traub Capital Management LLC bought a new stake in shares of Littelfuse in the 2nd quarter worth $29,000. 96.14% of the stock is owned by institutional investors.
Littelfuse Stock Up 0.1%
LFUS opened at $349.05 on Wednesday. The company has a 50 day moving average of $282.84 and a 200 day moving average of $264.91. The company has a market cap of $8.69 billion, a PE ratio of -120.36, a price-to-earnings-growth ratio of 2.24 and a beta of 1.43. Littelfuse, Inc. has a 12 month low of $142.10 and a 12 month high of $352.66. The company has a current ratio of 2.69, a quick ratio of 1.91 and a debt-to-equity ratio of 0.29.
Littelfuse Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Thursday, February 19th will be paid a $0.75 dividend. The ex-dividend date is Thursday, February 19th. This represents a $3.00 annualized dividend and a yield of 0.9%. Littelfuse’s dividend payout ratio (DPR) is currently -103.45%.
Insider Buying and Selling at Littelfuse
In related news, SVP Deepak Nayar sold 8,875 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $321.55, for a total transaction of $2,853,756.25. Following the completion of the transaction, the senior vice president owned 6,009 shares of the company’s stock, valued at approximately $1,932,193.95. The trade was a 59.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Maggie Chu sold 2,061 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $326.71, for a total transaction of $673,349.31. Following the sale, the senior vice president directly owned 6,719 shares in the company, valued at $2,195,164.49. This trade represents a 23.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 54,792 shares of company stock worth $16,968,518. 2.50% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on LFUS shares. Weiss Ratings restated a “hold (c)” rating on shares of Littelfuse in a report on Thursday, January 22nd. Benchmark upgraded Littelfuse from a “hold” rating to a “buy” rating and set a $360.00 target price on the stock in a research note on Thursday, January 29th. Robert W. Baird set a $360.00 price target on Littelfuse in a research report on Thursday, January 29th. Zacks Research upgraded Littelfuse from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 29th. Finally, UBS Group set a $360.00 price objective on Littelfuse in a research note on Thursday, January 29th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $364.00.
Read Our Latest Stock Report on LFUS
Littelfuse Company Profile
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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