Callan Family Office LLC purchased a new stake in shares of Littelfuse, Inc. (NASDAQ:LFUS – Free Report) in the second quarter, according to its most recent filing with the SEC. The firm purchased 1,418 shares of the technology company’s stock, valued at approximately $646,000.
Several other institutional investors have also modified their holdings of LFUS. BlackRock Inc. acquired a new stake in Littelfuse in the second quarter valued at $1,148,821,000. Wellington Management Group LLP acquired a new position in shares of Littelfuse during the 4th quarter worth $114,166,000. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Littelfuse by 67.3% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,024,176 shares of the technology company’s stock worth $259,035,000 after buying an additional 412,160 shares during the last quarter. Norges Bank purchased a new stake in shares of Littelfuse in the 4th quarter worth about $73,575,000. Finally, T. Rowe Price Investment Management Inc. grew its stake in Littelfuse by 58.6% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 609,966 shares of the technology company’s stock valued at $154,273,000 after acquiring an additional 225,445 shares during the last quarter. Hedge funds and other institutional investors own 96.14% of the company’s stock.
Littelfuse Stock Performance
NASDAQ:LFUS opened at $405.39 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.76 and a quick ratio of 2.00. The firm has a market cap of $10.30 billion, a PE ratio of -810.76, a P/E/G ratio of 2.13 and a beta of 1.49. The firm has a 50 day simple moving average of $434.26 and a 200-day simple moving average of $406.40. Littelfuse, Inc. has a 1-year low of $233.36 and a 1-year high of $500.57.
Littelfuse Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 0.8%. This is a positive change from Littelfuse’s previous quarterly dividend of $0.75. The ex-dividend date is Thursday, August 20th. Littelfuse’s payout ratio is -640.00%.
Wall Street Analysts Forecast Growth
LFUS has been the subject of a number of research reports. Robert W. Baird lifted their target price on shares of Littelfuse from $500.00 to $535.00 and gave the stock an “outperform” rating in a research report on Friday, June 5th. Needham & Company LLC reiterated a “buy” rating and issued a $520.00 price target on shares of Littelfuse in a research report on Monday, May 18th. Williams Trading set a $520.00 price objective on shares of Littelfuse in a research note on Thursday, May 7th. Zacks Research downgraded Littelfuse from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Finally, Oppenheimer upped their target price on Littelfuse from $430.00 to $500.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $465.83.
Check Out Our Latest Stock Report on LFUS
Insider Activity at Littelfuse
In other news, Director Anthony Grillo sold 3,000 shares of Littelfuse stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $451.96, for a total value of $1,355,880.00. Following the completion of the sale, the director owned 64,928 shares of the company’s stock, valued at $29,344,858.88. The trade was a 4.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is currently owned by corporate insiders.
Littelfuse Profile
Littelfuse, Inc is a global manufacturer of circuit protection, power control, and sensing technologies. Founded in 1927 and headquartered in Chicago, Illinois, the company develops and produces a broad range of products designed to safeguard electrical and electronic systems across a variety of end markets. Littelfuse’s offerings include fuses, semiconductors, relays, and sensors, all engineered to protect against overcurrent, overvoltage, and thermal events in demanding applications.
The company’s product portfolio is organized into key segments such as Automotive, Industrial & Electronics, and Power & Sensor.
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