First Midwest Bank Trust Division acquired a new position in Littelfuse Inc. (NASDAQ:LFUS) during the second quarter, Holdings Channel reports. The fund acquired 2,241 shares of the company’s stock, valued at approximately $265,000.
Other institutional investors have also modified their holdings of the company. Lazard Asset Management LLC boosted its position in shares of Littelfuse by 40.7% in the first quarter. Lazard Asset Management LLC now owns 237,651 shares of the company’s stock worth $29,257,000 after buying an additional 68,799 shares during the last quarter. State Street Corp raised its stake in 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 during the period. Cupps Capital Management LLC purchased a new stake in Littelfuse during the first quarter valued at about $4,963,000. Bessemer Group Inc. purchased a new stake in Littelfuse during the first quarter valued at about $119,000. Finally, NN Investment Partners Holdings N.V. purchased a new stake in Littelfuse during the first quarter valued at about $1,277,000. 98.34% of the stock is owned by institutional investors and hedge funds.
Shares of Littelfuse Inc. (NASDAQ:LFUS) traded down 0.80% during midday trading on Friday, reaching $127.74. 102,188 shares of the company were exchanged. Littelfuse Inc. has a 52 week low of $90.61 and a 52 week high of $130.79. The firm has a 50-day moving average of $126.20 and a 200 day moving average of $119.81. The firm has a market capitalization of $2.87 billion, a P/E ratio of 36.00 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, topping the Zacks’ consensus estimate of $1.43 by $0.01. The company earned $271.90 million during 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 firm’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.33 earnings per share. On average, equities research analysts expect 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. Shareholders of record on Thursday, August 25th were given a dividend of $0.33 per share. The ex-dividend date was Tuesday, August 23rd. This is a boost from Littelfuse’s previous quarterly dividend of $0.29. This represents a $1.32 dividend on an annualized basis and a yield of 1.03%. Littelfuse’s dividend payout ratio is currently 37.18%.
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Littelfuse from a “hold” rating to a “buy” rating and set a $128.00 target price for the company in a report on Thursday, July 7th. Oppenheimer Holdings Inc. raised their target price on shares of Littelfuse from $138.00 to $145.00 and gave the stock an “outperform” rating in a report on Tuesday, September 13th. Finally, Robert W. Baird raised their target price on shares of Littelfuse from $128.00 to $132.00 and gave the stock an “outperform” rating in a report on Friday, August 26th.
In other news, VP Deepak Nayar sold 4,237 shares of the company’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of $126.67, for a total transaction of $536,700.79. Following the completion of the sale, the vice president now owns 10,137 shares of the company’s stock, valued at $1,284,053.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Ian Highley sold 1,313 shares of the company’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $127.07, for a total transaction of $166,842.91. Following the sale, the senior vice president now directly owns 5,628 shares of the company’s stock, valued at approximately $715,149.96. The disclosure for this sale can be found here. Company 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.
Want to see what other hedge funds are holding LFUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Littelfuse Inc. (NASDAQ:LFUS).
Receive News & Ratings for Littelfuse Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Littelfuse Inc. and related companies with MarketBeat.com's FREE daily email newsletter.