Rhumbline Advisers increased its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 14.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 53,866 shares of the technology company’s stock after acquiring an additional 6,986 shares during the quarter. Rhumbline Advisers owned about 0.24% of Littelfuse worth $10,551,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Littelfuse by 31.3% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 471,038 shares of the technology company’s stock worth $92,267,000 after acquiring an additional 112,360 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Littelfuse by 22.4% in the 2nd quarter. Legal & General Group Plc now owns 17,851 shares of the technology company’s stock worth $2,945,000 after acquiring an additional 3,264 shares during the last quarter. Century Capital Management LLC bought a new stake in shares of Littelfuse in the 2nd quarter worth about $1,854,000. Grandeur Peak Global Advisors LLC lifted its holdings in shares of Littelfuse by 2.3% in the 2nd quarter. Grandeur Peak Global Advisors LLC now owns 28,625 shares of the technology company’s stock worth $4,723,000 after acquiring an additional 650 shares during the last quarter. Finally, Koch Industries Inc. bought a new stake in shares of Littelfuse in the 2nd quarter worth about $376,000. Hedge funds and other institutional investors own 99.17% of the company’s stock.
LFUS has been the topic of several recent analyst reports. Oppenheimer reaffirmed a “hold” rating on shares of Littelfuse in a research note on Wednesday, November 1st. Robert W. Baird reaffirmed a “buy” rating and issued a $230.00 price target on shares of Littelfuse in a research note on Friday, November 3rd. Zacks Investment Research downgraded shares of Littelfuse from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Stifel Nicolaus reissued a “hold” rating and set a $180.00 target price on shares of Littelfuse in a research report on Tuesday, September 12th. Finally, CIBC reissued a “market perform” rating on shares of Littelfuse in a research report on Friday, October 13th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $211.25.
Shares of Littelfuse, Inc. (NASDAQ LFUS) opened at $197.37 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.36 and a quick ratio of 2.75. Littelfuse, Inc. has a 12 month low of $145.65 and a 12 month high of $215.00. The company has a market cap of $4,574.70, a P/E ratio of 26.93, a P/E/G ratio of 1.77 and a beta of 0.91.
Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings data on Wednesday, November 1st. The technology company reported $2.12 EPS for the quarter, beating the consensus estimate of $1.98 by $0.14. Littelfuse had a net margin of 13.12% and a return on equity of 19.62%. The business had revenue of $317.90 million during the quarter, compared to analysts’ expectations of $319.20 million. During the same period in the previous year, the business posted $1.87 EPS. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. analysts anticipate that Littelfuse, Inc. will post 7.57 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Wednesday, November 22nd will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Tuesday, November 21st. Littelfuse’s dividend payout ratio (DPR) is 21.57%.
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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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