Bank of Montreal Can lowered its position in Littelfuse, Inc. (NASDAQ:LFUS – Free Report) by 14.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,978 shares of the technology company’s stock after selling 490 shares during the period. Bank of Montreal Can’s holdings in Littelfuse were worth $675,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Petrus Trust Company LTA grew its position in Littelfuse by 4.6% in the 1st quarter. Petrus Trust Company LTA now owns 1,907 shares of the technology company’s stock valued at $375,000 after purchasing an additional 84 shares during the period. Fifth Third Bancorp lifted its stake in shares of Littelfuse by 27.4% in the second quarter. Fifth Third Bancorp now owns 414 shares of the technology company’s stock valued at $94,000 after buying an additional 89 shares in the last quarter. FourThought Financial Partners LLC grew its holdings in shares of Littelfuse by 5.1% during the first quarter. FourThought Financial Partners LLC now owns 1,896 shares of the technology company’s stock valued at $373,000 after buying an additional 92 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Littelfuse by 42.0% in the 1st quarter. Advisors Asset Management Inc. now owns 311 shares of the technology company’s stock worth $61,000 after acquiring an additional 92 shares during the last quarter. Finally, Bayforest Capital Ltd raised its holdings in shares of Littelfuse by 42.8% in the 1st quarter. Bayforest Capital Ltd now owns 367 shares of the technology company’s stock worth $72,000 after acquiring an additional 110 shares during the last quarter. 96.14% of the stock is owned by institutional investors and hedge funds.
Littelfuse Stock Performance
Shares of LFUS opened at $240.68 on Monday. Littelfuse, Inc. has a 1 year low of $142.10 and a 1 year high of $275.00. The company has a debt-to-equity ratio of 0.30, a current ratio of 4.00 and a quick ratio of 2.98. The stock’s fifty day moving average price is $257.55 and its two-hundred day moving average price is $240.20. The firm has a market cap of $5.99 billion, a PE ratio of 45.84, a PEG ratio of 2.04 and a beta of 1.50.
Littelfuse Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 20th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $3.00 annualized dividend and a yield of 1.2%. Littelfuse’s dividend payout ratio (DPR) is 57.14%.
Analyst Upgrades and Downgrades
LFUS has been the topic of several recent analyst reports. Benchmark restated a “hold” rating on shares of Littelfuse in a research note on Thursday, October 30th. Robert W. Baird upgraded shares of Littelfuse from a “neutral” rating to an “outperform” rating and increased their target price for the company from $290.00 to $310.00 in a report on Friday, October 10th. Weiss Ratings restated a “hold (c)” rating on shares of Littelfuse in a report on Wednesday, October 8th. Wall Street Zen upgraded Littelfuse from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 5th. Finally, Baird R W raised Littelfuse from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $292.50.
Read Our Latest Stock Analysis on LFUS
Insider Activity at Littelfuse
In other Littelfuse news, SVP Alexander Conrad sold 13,210 shares of the business’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $261.43, for a total transaction of $3,453,490.30. Following the sale, the senior vice president owned 3,427 shares of the company’s stock, valued at $895,920.61. The trade was a 79.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Ryan K. Stafford sold 10,206 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $261.34, for a total value of $2,667,236.04. Following the sale, the vice president owned 30,727 shares in the company, valued at approximately $8,030,194.18. This represents a 24.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.50% of the stock is currently owned by company insiders.
Littelfuse Company Profile
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.
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