JustInvest LLC Acquires 386 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

JustInvest LLC lifted its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 44.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,257 shares of the technology company’s stock after purchasing an additional 386 shares during the period. JustInvest LLC’s holdings in Littelfuse were worth $344,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Littelfuse by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 2,461,830 shares of the technology company’s stock worth $627,250,000 after purchasing an additional 19,059 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Littelfuse by 9.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,149,068 shares of the technology company’s stock worth $292,771,000 after purchasing an additional 100,145 shares during the period. Mairs & Power Inc. lifted its stake in shares of Littelfuse by 2.3% in the 2nd quarter. Mairs & Power Inc. now owns 754,165 shares of the technology company’s stock worth $192,154,000 after purchasing an additional 16,977 shares during the period. State Street Corp lifted its stake in shares of Littelfuse by 9.8% in the 2nd quarter. State Street Corp now owns 609,732 shares of the technology company’s stock worth $155,354,000 after purchasing an additional 54,389 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Littelfuse by 1.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 560,649 shares of the technology company’s stock worth $142,848,000 after purchasing an additional 7,090 shares during the period. Hedge funds and other institutional investors own 93.80% of the company’s stock.

In related news, EVP Ryan K. Stafford sold 7,491 shares of the firm’s stock in a transaction on Friday, November 12th. The shares were sold at an average price of $329.28, for a total value of $2,466,636.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David W. Heinzmann sold 9,867 shares of the firm’s stock in a transaction on 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. Over the last three months, insiders sold 44,137 shares of company stock valued at $13,726,692. 2.70% of the stock is currently owned by insiders.

Shares of LFUS opened at $302.35 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.41 and a quick ratio of 2.56. Littelfuse, Inc. has a 1 year low of $234.59 and a 1 year high of $334.84. The company has a 50 day simple moving average of $311.04 and a two-hundred day simple moving average of $285.87. The firm has a market cap of $7.45 billion, a P/E ratio of 25.84, a price-to-earnings-growth ratio of 1.85 and a beta of 1.19.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings data on Tuesday, October 26th. The technology company reported $3.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $518.81 million. During the same period last year, the firm posted $2.16 EPS. The company’s revenue was up 37.8% on a year-over-year basis. On average, sell-side analysts anticipate that Littelfuse, Inc. will post 12.94 earnings per share for the current year.

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

Several equities research analysts recently issued reports 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. 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. Finally, Zacks Investment Research lowered shares of Littelfuse from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 29th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $303.60.

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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