Connor Clark & Lunn Investment Management Ltd. lowered its holdings in Littelfuse, Inc. (NASDAQ:LFUS – Free Report) by 51.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 839 shares of the technology company’s stock after selling 895 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Littelfuse were worth $225,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in the business. Massmutual Trust Co. FSB ADV grew its position in Littelfuse by 3.2% in the first quarter. Massmutual Trust Co. FSB ADV now owns 1,307 shares of the technology company’s stock valued at $350,000 after purchasing an additional 40 shares in the last quarter. Townsquare Capital LLC lifted its stake in Littelfuse by 1.7% in the fourth quarter. Townsquare Capital LLC now owns 2,394 shares of the technology company’s stock valued at $527,000 after acquiring an additional 40 shares during the last quarter. Commerce Bank lifted its stake in Littelfuse by 2.1% in the fourth quarter. Commerce Bank now owns 2,032 shares of the technology company’s stock valued at $447,000 after acquiring an additional 41 shares during the last quarter. ETF Managers Group LLC lifted its stake in Littelfuse by 1.5% in the first quarter. ETF Managers Group LLC now owns 2,908 shares of the technology company’s stock valued at $780,000 after acquiring an additional 43 shares during the last quarter. Finally, Parallel Advisors LLC lifted its stake in Littelfuse by 45.3% in the first quarter. Parallel Advisors LLC now owns 138 shares of the technology company’s stock valued at $37,000 after acquiring an additional 43 shares during the last quarter. Institutional investors own 95.80% of the company’s stock.
Insiders Place Their Bets
In other Littelfuse news, CAO Jeffrey G. Gorski sold 700 shares of Littelfuse stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $270.15, for a total value of $189,105.00. Following the completion of the sale, the chief accounting officer now owns 2,713 shares in the company, valued at approximately $732,916.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.70% of the company’s stock.
Littelfuse Stock Performance
Littelfuse (NASDAQ:LFUS – Get Free Report) last posted its earnings results on Tuesday, August 1st. The technology company reported $3.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.32 by ($0.20). The company had revenue of $612.00 million for the quarter, compared to analyst estimates of $618.83 million. Littelfuse had a return on equity of 16.06% and a net margin of 13.14%. On average, sell-side analysts anticipate that Littelfuse, Inc. will post 12.63 EPS for the current year.
Littelfuse Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Thursday, August 24th will be paid a $0.65 dividend. This is a boost from Littelfuse’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $2.60 annualized dividend and a yield of 0.99%. Littelfuse’s payout ratio is 19.86%.
Analyst Upgrades and Downgrades
A number of analysts have commented on the stock. Stifel Nicolaus increased their price target on shares of Littelfuse from $240.00 to $265.00 in a research note on Thursday, May 4th. StockNews.com assumed coverage on shares of Littelfuse in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Finally, Robert W. Baird increased their price target on shares of Littelfuse from $260.00 to $285.00 in a research note on Thursday, May 11th. Six equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, Littelfuse has a consensus rating of “Hold” and a consensus price target of $259.00.
Littelfuse, Inc manufactures and sells circuit protection, power control, and sensing products in the Asia-Pacific, the Americas, and Europe. The company operates through Electronic, Transportation, and Industrial segments. The Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, 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.
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