Bank of Montreal Can Acquires 85 Shares of Littelfuse, Inc. (LFUS)

Bank of Montreal Can increased its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 15.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 649 shares of the technology company’s stock after purchasing an additional 85 shares during the period. Bank of Montreal Can’s holdings in Littelfuse were worth $107,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. World Asset Management Inc lifted its stake in shares of Littelfuse by 2.4% in the 1st quarter. World Asset Management Inc now owns 1,393 shares of the technology company’s stock worth $223,000 after acquiring an additional 32 shares during the period. Miles Capital Inc. lifted its stake in shares of Littelfuse by 1.8% in the 1st quarter. Miles Capital Inc. now owns 1,510 shares of the technology company’s stock worth $241,000 after acquiring an additional 26 shares during the period. Asset Management One Co. Ltd. lifted its stake in shares of Littelfuse by 63.6% in the 1st quarter. Asset Management One Co. Ltd. now owns 1,723 shares of the technology company’s stock worth $276,000 after acquiring an additional 670 shares during the period. LS Investment Advisors LLC lifted its stake in shares of Littelfuse by 23.0% in the 1st quarter. LS Investment Advisors LLC now owns 1,887 shares of the technology company’s stock worth $302,000 after acquiring an additional 353 shares during the period. Finally, Stifel Financial Corp lifted its stake in shares of Littelfuse by 3.3% in the 1st quarter. Stifel Financial Corp now owns 2,310 shares of the technology company’s stock worth $370,000 after acquiring an additional 73 shares during the period. Hedge funds and other institutional investors own 96.89% of the company’s stock.

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Littelfuse, Inc. (NASDAQ:LFUS) traded down 0.06% during midday trading on Tuesday, reaching $186.74. 31,037 shares of the company were exchanged. The firm’s 50-day moving average price is $181.49 and its 200 day moving average price is $167.07. The stock has a market capitalization of $4.24 billion, a price-to-earnings ratio of 29.39 and a beta of 0.97. Littelfuse, Inc. has a 52-week low of $116.97 and a 52-week high of $188.60.

Littelfuse (NASDAQ:LFUS) last issued its earnings results on Wednesday, August 2nd. The technology company reported $2.10 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.10. The company had revenue of $313.36 million for the quarter, compared to the consensus estimate of $312.97 million. Littelfuse had a return on equity of 19.67% and a net margin of 12.51%. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.44 EPS. Equities analysts predict that Littelfuse, Inc. will post $7.73 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 7th. Investors of record on Thursday, August 24th were issued a $0.37 dividend. The ex-dividend date of this dividend was Tuesday, August 22nd. This represents a $1.48 dividend on an annualized basis and a yield of 0.79%. This is an increase from Littelfuse’s previous quarterly dividend of $0.33. Littelfuse’s dividend payout ratio is currently 23.34%.

Several analysts have recently commented on the stock. Stifel Nicolaus restated a “hold” rating and issued a $175.00 target price (up previously from $165.00) on shares of Littelfuse in a research note on Friday, July 21st. Oppenheimer Holdings, Inc. raised their price objective on shares of Littelfuse from $185.00 to $200.00 and gave the company an “outperform” rating in a research note on Wednesday, July 19th. Zacks Investment Research cut shares of Littelfuse from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Robert W. Baird reiterated a “positive” rating and issued a $195.00 price objective (up previously from $187.00) on shares of Littelfuse in a research note on Wednesday, July 19th. Finally, BidaskClub cut shares of Littelfuse from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $189.80.

About Littelfuse

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.

Institutional Ownership by Quarter for Littelfuse (NASDAQ:LFUS)

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