First Midwest Bank Trust Division boosted its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 1.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,305 shares of the technology company’s stock after buying an additional 31 shares during the period. First Midwest Bank Trust Division’s holdings in Littelfuse were worth $380,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently made changes to their positions in the stock. Rockefeller Financial Services Inc. increased its stake in shares of Littelfuse by 5.6% in the first quarter. Rockefeller Financial Services Inc. now owns 148,006 shares of the technology company’s stock valued at $23,668,000 after buying an additional 7,883 shares during the last quarter. Oregon Public Employees Retirement Fund bought a new stake in shares of Littelfuse during the first quarter worth about $1,267,000. Sawgrass Asset Management LLC increased its stake in shares of Littelfuse by 24.9% in the first quarter. Sawgrass Asset Management LLC now owns 6,765 shares of the technology company’s stock worth $1,082,000 after buying an additional 1,350 shares in the last quarter. Dubuque Bank & Trust Co. increased its stake in shares of Littelfuse by 2,932.3% in the first quarter. Dubuque Bank & Trust Co. now owns 1,971 shares of the technology company’s stock worth $315,000 after buying an additional 1,906 shares in the last quarter. Finally, Fisher Asset Management LLC increased its stake in shares of Littelfuse by 22.7% in the first quarter. Fisher Asset Management LLC now owns 587,461 shares of the technology company’s stock worth $93,941,000 after buying an additional 108,781 shares in the last quarter. Hedge funds and other institutional investors own 96.72% of the company’s stock.
Shares of Littelfuse, Inc. (LFUS) opened at 176.39 on Friday. Littelfuse, Inc. has a 12-month low of $116.92 and a 12-month high of $188.60. The company has a market capitalization of $4.01 billion, a P/E ratio of 27.76 and a beta of 0.96. The stock has a 50 day moving average of $177.96 and a 200-day moving average of $165.09.
Littelfuse (NASDAQ:LFUS) last issued its earnings results on Wednesday, August 2nd. The technology company reported $2.10 EPS for the quarter, meeting the Zacks’ consensus estimate of $2.10. The business had revenue of $313.36 million during the quarter, compared to analysts’ expectations of $312.97 million. Littelfuse had a net margin of 12.51% and a return on equity of 19.67%. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.44 earnings per share. Equities research analysts forecast that Littelfuse, Inc. will post $7.73 EPS for the current year.
Littelfuse announced that its board has initiated a stock buyback program on Wednesday, May 3rd that permits the company to buyback 1,000,000 shares. This buyback authorization permits the technology company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Thursday, August 24th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.84%. This is a boost from Littelfuse’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Tuesday, August 22nd. Littelfuse’s dividend payout ratio is 20.82%.
A number of analysts have issued reports on LFUS shares. Zacks Investment Research downgraded shares of Littelfuse from a “buy” rating to a “hold” rating in a report on Friday, April 28th. BidaskClub downgraded shares of Littelfuse from a “sell” rating to a “strong sell” rating in a report on Thursday, June 22nd. Finally, Oppenheimer Holdings, Inc. lifted their price target on shares of Littelfuse from $185.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $187.40.
In other news, SVP Dieter Roeder sold 8,490 shares of the stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $163.06, for a total value of $1,384,379.40. Following the completion of the sale, the senior vice president now directly owns 7,143 shares in the company, valued at $1,164,737.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Matthew Cole sold 150 shares of the stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $169.23, for a total transaction of $25,384.50. Following the completion of the sale, the senior vice president now owns 3,985 shares of the company’s stock, valued at $674,381.55. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.
Littelfuse, Inc is a supplier of circuit protection products for the electronics, automotive and industrial markets. The Company operates through three segments. The Electronics segment provides circuit protection components for overcurrent and overvoltage protection, as well as sensor components and modules to manufacturers of a range of electronic products.
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