Raymond James Financial Services Advisors Inc. grew its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS – Get Rating) by 18.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 3,302 shares of the technology company’s stock after acquiring an additional 513 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Littelfuse were worth $656,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in LFUS. Macquarie Group Ltd. grew its position in Littelfuse by 608.8% during the second quarter. Macquarie Group Ltd. now owns 116,620 shares of the technology company’s stock worth $29,626,000 after buying an additional 100,168 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of Littelfuse by 15.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 739,890 shares of the technology company’s stock worth $187,962,000 after acquiring an additional 99,652 shares during the period. Lazard Asset Management LLC increased its stake in Littelfuse by 583.4% in the 2nd quarter. Lazard Asset Management LLC now owns 107,492 shares of the technology company’s stock valued at $27,307,000 after purchasing an additional 91,762 shares in the last quarter. Wedge Capital Management L L P NC acquired a new position in Littelfuse during the third quarter worth $18,042,000. Finally, Victory Capital Management Inc. boosted its position in Littelfuse by 30.5% during the second quarter. Victory Capital Management Inc. now owns 298,278 shares of the technology company’s stock worth $75,775,000 after purchasing an additional 69,785 shares in the last quarter. 94.69% of the stock is owned by institutional investors and hedge funds.
Littelfuse Trading Up 3.2 %
Shares of LFUS stock opened at $251.52 on Tuesday. Littelfuse, Inc. has a twelve month low of $192.19 and a twelve month high of $281.78. The company has a market capitalization of $6.23 billion, a price-to-earnings ratio of 18.94, a PEG ratio of 1.42 and a beta of 1.25. The firm has a 50-day moving average price of $234.97 and a 200 day moving average price of $231.48. The company has a current ratio of 3.19, a quick ratio of 1.99 and a debt-to-equity ratio of 0.47.
Littelfuse Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 8th. Stockholders of record on Thursday, November 24th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Tuesday, November 22nd. Littelfuse’s dividend payout ratio (DPR) is 18.07%.
Analyst Ratings Changes
A number of research analysts have recently weighed in on the company. StockNews.com assumed coverage on Littelfuse in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Cowen downgraded shares of Littelfuse from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $295.00 to $225.00 in a report on Thursday, November 3rd. Jefferies Financial Group lifted their target price on shares of Littelfuse from $254.00 to $295.00 in a research report on Tuesday, November 22nd. Stifel Nicolaus lowered their price target on shares of Littelfuse from $270.00 to $216.00 and set a “hold” rating on the stock in a research report on Monday, October 10th. Finally, Cowen downgraded Littelfuse from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $295.00 to $225.00 in a research report on Thursday, November 3rd. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat, Littelfuse presently has a consensus rating of “Hold” and a consensus target price of $241.20.
In related news, CAO Jeffrey G. Gorski sold 300 shares of the stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $236.14, for a total transaction of $70,842.00. Following the transaction, the chief accounting officer now directly owns 2,563 shares in the company, valued at $605,226.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP Matthew Cole sold 900 shares of the company’s stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of $219.28, for a total transaction of $197,352.00. Following the completion of the transaction, the senior vice president now owns 5,174 shares of the company’s stock, valued at $1,134,554.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jeffrey G. Gorski sold 300 shares of Littelfuse stock in a transaction on Friday, November 11th. The shares were sold at an average price of $236.14, for a total transaction of $70,842.00. Following the completion of the transaction, the chief accounting officer now owns 2,563 shares in the company, valued at approximately $605,226.82. The disclosure for this sale can be found here. Company insiders own 2.40% of the company’s stock.
Littelfuse, Inc engages in the manufacture of technologies in circuit protection, power control and sensing. It operates through the following segments: Electronics, Transportation, and Industrial. The Electronics segment covers a broad range of end markets, including industrial motor drives and power conversion, automotive electronics, electric vehicle and related infrastructure, power supplies, data centers and telecommunications, medical devices, alternative energy and energy storage, building and home automation, appliances, and mobile electronics.
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