Rathbones Group PLC Purchases 52 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Rathbones Group PLC boosted its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 0.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,624 shares of the technology company’s stock after purchasing an additional 52 shares during the quarter. Rathbones Group PLC owned about 0.07% of Littelfuse worth $4,249,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of LFUS. Envestnet Asset Management Inc. lifted its stake in shares of Littelfuse by 1.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 127,058 shares of the technology company’s stock valued at $32,475,000 after acquiring an additional 1,466 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of Littelfuse by 10.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 6,275 shares of the technology company’s stock worth $1,604,000 after acquiring an additional 596 shares in the last quarter. Federated Hermes Inc. lifted its stake in shares of Littelfuse by 3.4% in the 2nd quarter. Federated Hermes Inc. now owns 209,976 shares of the technology company’s stock valued at $53,668,000 after purchasing an additional 6,814 shares during the period. GHP Investment Advisors Inc. increased its holdings in Littelfuse by 3.1% in the second quarter. GHP Investment Advisors Inc. now owns 37,703 shares of the technology company’s stock worth $9,637,000 after purchasing an additional 1,146 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its holdings in shares of Littelfuse by 16.9% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 6,028 shares of the technology company’s stock worth $1,541,000 after buying an additional 870 shares in the last quarter. 96.14% of the stock is owned by institutional investors.

Littelfuse Price Performance

Shares of Littelfuse stock opened at $250.01 on Monday. The company has a quick ratio of 2.42, a current ratio of 3.50 and a debt-to-equity ratio of 0.32. Littelfuse, Inc. has a 52 week low of $212.80 and a 52 week high of $275.58. The business has a 50 day moving average of $258.04 and a 200 day moving average of $249.69. The company has a market cap of $6.20 billion, a PE ratio of 28.64, a P/E/G ratio of 2.51 and a beta of 1.28.

Littelfuse (NASDAQ:LFUS) last announced its earnings results on Tuesday, July 30th. The technology company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.22. Littelfuse had a return on equity of 8.91% and a net margin of 8.71%. The firm had revenue of $558.49 million during the quarter, compared to analyst estimates of $540.35 million. During the same quarter in the prior year, the company earned $3.12 EPS. The business’s revenue was down 8.7% compared to the same quarter last year. As a group, equities research analysts forecast that Littelfuse, Inc. will post 8.18 earnings per share for the current year.

Littelfuse Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 22nd were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $2.80 annualized dividend and a yield of 1.12%. This is a positive change from Littelfuse’s previous quarterly dividend of $0.65. Littelfuse’s payout ratio is presently 32.07%.

Insider Buying and Selling

In other Littelfuse news, SVP Matthew Cole sold 1,436 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $246.02, for a total value of $353,284.72. Following the sale, the senior vice president now directly owns 5,522 shares of the company’s stock, valued at $1,358,522.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Littelfuse news, SVP Matthew Cole sold 1,436 shares of Littelfuse stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $246.02, for a total value of $353,284.72. Following the completion of the transaction, the senior vice president now directly owns 5,522 shares of the company’s stock, valued at $1,358,522.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David W. Heinzmann sold 300 shares of the firm’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $273.17, for a total transaction of $81,951.00. Following the sale, the chief executive officer now directly owns 59,654 shares of the company’s stock, valued at approximately $16,295,683.18. The disclosure for this sale can be found here. Insiders have sold 16,328 shares of company stock worth $4,437,986 in the last 90 days. Insiders own 2.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Stifel Nicolaus upgraded Littelfuse from a “hold” rating to a “buy” rating and increased their target price for the stock from $270.00 to $280.00 in a report on Tuesday, August 13th. TD Cowen upped their price target on Littelfuse from $250.00 to $260.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Finally, Robert W. Baird boosted their price target on shares of Littelfuse from $300.00 to $315.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Littelfuse has an average rating of “Moderate Buy” and a consensus price target of $278.75.

About Littelfuse

Littelfuse, Inc designs, manufactures, and sells electronic components, modules, and subassemblies in the Americas, Asia-Pacific, and Europe. The company operates through Electronic, Transportation, and Industrial segments. The Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, electromechanical switches and interconnect solutions, polymer electrostatic discharge suppressors, varistors, reed switch based magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, metal-oxide-semiconductor field-effect transistors and diodes, and insulated gate bipolar transistors.