Monarch Partners Asset Management LLC cut its stake in Littelfuse Inc. (NASDAQ:LFUS) by 0.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 77,309 shares of the company’s stock after selling 204 shares during the period. Monarch Partners Asset Management LLC’s holdings in Littelfuse were worth $9,137,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the company. Renaissance Technologies LLC boosted its stake in shares of Littelfuse by 31.1% in the first quarter. Renaissance Technologies LLC now owns 281,292 shares of the company’s stock valued at $34,630,000 after buying an additional 66,800 shares in the last quarter. State Street Corp boosted its stake in shares of Littelfuse by 0.6% in the first quarter. State Street Corp now owns 469,548 shares of the company’s stock valued at $57,806,000 after buying an additional 2,709 shares in the last quarter. Eagle Asset Management Inc. boosted its stake in shares of Littelfuse by 18.8% in the second quarter. Eagle Asset Management Inc. now owns 140,174 shares of the company’s stock valued at $16,567,000 after buying an additional 22,185 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its stake in shares of Littelfuse by 0.5% in the first quarter. Silvercrest Asset Management Group LLC now owns 1,127,313 shares of the company’s stock valued at $138,783,000 after buying an additional 5,180 shares in the last quarter. Finally, HBK Investments L P acquired a new stake in shares of Littelfuse during the first quarter valued at $862,000. 98.34% of the stock is currently owned by institutional investors.
Shares of Littelfuse Inc. (NASDAQ:LFUS) traded down 1.17% during mid-day trading on Monday, reaching $127.30. 187,985 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $125.14 and a 200-day moving average price of $119.58. Littelfuse Inc. has a one year low of $89.75 and a one year high of $130.79. The stock has a market cap of $2.86 billion, a PE ratio of 35.88 and a beta of 1.29.
Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings data on Thursday, August 4th. The company reported $1.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.01. The firm had revenue of $271.90 million for the quarter, compared to analysts’ expectations of $271.13 million. Littelfuse had a net margin of 8.66% and a return on equity of 17.48%. The business’s quarterly revenue was up 22.5% on a year-over-year basis. During the same quarter last year, the company posted $1.33 EPS. On average, analysts predict that Littelfuse Inc. will post $5.52 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 8th. Stockholders of record on Thursday, August 25th were given a dividend of $0.33 per share. The ex-dividend date was Tuesday, August 23rd. This represents a $1.32 annualized dividend and a dividend yield of 1.04%. This is a boost from Littelfuse’s previous quarterly dividend of $0.29. Littelfuse’s dividend payout ratio (DPR) is 37.18%.
A number of brokerages have commented on LFUS. Oppenheimer Holdings Inc. upped their price target on shares of Littelfuse from $138.00 to $145.00 and gave the company an “outperform” rating in a research report on Tuesday, September 13th. Zacks Investment Research raised shares of Littelfuse from a “hold” rating to a “buy” rating and set a $128.00 price target on the stock in a research report on Thursday, July 7th. Finally, Robert W. Baird upped their price target on shares of Littelfuse from $128.00 to $132.00 and gave the company an “outperform” rating in a research report on Friday, August 26th.
In other news, Chairman Gordon Hunter sold 20,000 shares of the firm’s stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $122.69, for a total transaction of $2,453,800.00. Following the sale, the chairman now owns 54,344 shares in the company, valued at approximately $6,667,465.36. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Ian Highley sold 1,313 shares of the firm’s stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $127.07, for a total transaction of $166,842.91. Following the sale, the senior vice president now owns 5,628 shares in the company, valued at approximately $715,149.96. The disclosure for this sale can be found here. Insiders own 2.40% of the company’s stock.
Littelfuse, Inc is a supplier of circuit protection products for the electronics, automotive and electrical industries. The Company operates through three segments: Electronics, Automotive and Industrial. Its Electronics segment provides circuit protection components to manufacturers of a range of electronic products, including mobile phones, computers, liquid-crystal-display televisions, telecommunications equipment, medical devices, lighting products and white goods.
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