Lisanti Capital Growth LLC Purchases 10,325 Shares of Littelfuse, Inc. $LFUS

Lisanti Capital Growth LLC purchased a new position in Littelfuse, Inc. (NASDAQ:LFUS) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 10,325 shares of the technology company’s stock, valued at approximately $4,375,000.

A number of other hedge funds also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in Littelfuse during the 2nd quarter valued at about $1,148,821,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Littelfuse in the second quarter worth approximately $185,057,000. William Blair Investment Management LLC purchased a new stake in shares of Littelfuse during the second quarter valued at approximately $146,471,000. Boston Trust Walden Corp grew its holdings in shares of Littelfuse by 6.2% during the third quarter. Boston Trust Walden Corp now owns 316,840 shares of the technology company’s stock valued at $134,258,000 after buying an additional 18,513 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Littelfuse by 6.6% during the first quarter. Principal Financial Group Inc. now owns 257,187 shares of the technology company’s stock valued at $87,282,000 after acquiring an additional 15,971 shares in the last quarter. Institutional investors own 96.14% of the company’s stock.

Analyst Upgrades and Downgrades

LFUS has been the subject of a number of recent analyst reports. Zacks Research upgraded shares of Littelfuse from a “hold” rating to a “strong-buy” rating in a report on Friday, October 30th. Needham & Company LLC reaffirmed a “buy” rating and issued a $520.00 price objective on shares of Littelfuse in a research report on Wednesday, October 28th. Jefferies Financial Group assumed coverage on Littelfuse in a research note on Wednesday. They set a “buy” rating and a $471.00 target price on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Littelfuse in a report on Wednesday, October 28th. Finally, Oppenheimer reissued an “outperform” rating on shares of Littelfuse in a report on Thursday, October 29th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $466.57.

Littelfuse Price Performance

LFUS opened at $397.70 on Thursday. The company’s 50-day simple moving average is $405.14 and its two-hundred day simple moving average is $402.54. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.01 and a current ratio of 2.67. The stock has a market capitalization of $10.10 billion, a P/E ratio of 325.99, a P/E/G ratio of 1.74 and a beta of 1.50. Littelfuse, Inc. has a 52-week low of $233.36 and a 52-week high of $500.57.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings data on Wednesday, October 28th. The technology company reported $5.79 earnings per share for the quarter, beating the consensus estimate of $4.97 by $0.82. The firm had revenue of $795.20 million during the quarter, compared to analysts’ expectations of $792.49 million. Littelfuse had a net margin of 1.37% and a return on equity of 15.86%. The firm’s quarterly revenue was up 22.7% on a year-over-year basis. During the same period in the previous year, the company earned $2.77 earnings per share. As a group, analysts predict that Littelfuse, Inc. will post 18.37 EPS for the current year.

Littelfuse Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 19th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, November 19th. Littelfuse’s payout ratio is 262.30%.

Insider Buying and Selling

In other Littelfuse news, SVP David Ruppel sold 1,493 shares of the business’s stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $404.57, for a total transaction of $604,023.01. Following the completion of the sale, the senior vice president directly owned 4,720 shares in the company, valued at approximately $1,909,570.40. The trade was a 24.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.00% of the company’s stock.

About Littelfuse

Littelfuse, Inc. is a global manufacturer of products that help protect and control electrical systems. Its offerings include fuses and other circuit-protection components, power-control devices, sensors, and electronic components used in a range of applications. The company serves customers in markets including automotive, industrial, commercial vehicles, and electronics. Its products are used to protect equipment from electrical faults, manage power, and monitor conditions in systems and devices.