Campbell & CO Investment Adviser LLC purchased a new position in Littelfuse, Inc. (NASDAQ:LFUS – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,673 shares of the technology company’s stock, valued at approximately $1,469,000.
Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. boosted its stake in shares of Littelfuse by 1,666.7% during the 3rd quarter. Blue Trust Inc. now owns 106 shares of the technology company’s stock worth $27,000 after acquiring an additional 100 shares in the last quarter. Huntington National Bank lifted its holdings in shares of Littelfuse by 264.7% during the second quarter. Huntington National Bank now owns 124 shares of the technology company’s stock valued at $28,000 after purchasing an additional 90 shares during the last quarter. Traub Capital Management LLC purchased a new stake in shares of Littelfuse during the second quarter valued at $29,000. Steph & Co. acquired a new position in shares of Littelfuse in the 3rd quarter valued at $32,000. Finally, Evelyn Partners Investment Management Services Ltd purchased a new position in Littelfuse in the 2nd quarter worth about $33,000. Institutional investors own 96.14% of the company’s stock.
Littelfuse Stock Up 1.2%
Littelfuse stock opened at $297.28 on Friday. Littelfuse, Inc. has a twelve month low of $142.10 and a twelve month high of $303.88. The company has a debt-to-equity ratio of 0.30, a quick ratio of 3.05 and a current ratio of 4.00. The firm has a market cap of $7.40 billion, a PE ratio of 56.62, a P/E/G ratio of 1.98 and a beta of 1.43. The firm’s 50 day moving average price is $258.56 and its two-hundred day moving average price is $254.69.
Littelfuse Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Thursday, November 20th were paid a $0.75 dividend. The ex-dividend date was Thursday, November 20th. This represents a $3.00 dividend on an annualized basis and a yield of 1.0%. Littelfuse’s payout ratio is 57.14%.
Wall Street Analysts Forecast Growth
A number of analysts have commented on LFUS shares. Wall Street Zen lowered shares of Littelfuse from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Benchmark restated a “hold” rating on shares of Littelfuse in a report on Thursday, October 30th. Robert W. Baird upgraded shares of Littelfuse from a “neutral” rating to an “outperform” rating and upped their price target for the company from $290.00 to $310.00 in a research report on Friday, October 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Littelfuse in a research report on Wednesday, October 8th. Finally, Oppenheimer boosted their target price on shares of Littelfuse from $325.00 to $360.00 and gave the company an “outperform” rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Littelfuse currently has a consensus rating of “Moderate Buy” and an average target price of $335.00.
Get Our Latest Analysis on Littelfuse
Insiders Place Their Bets
In other news, VP Ryan K. Stafford sold 2,162 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $268.31, for a total transaction of $580,086.22. Following the completion of the sale, the vice president directly owned 28,591 shares of the company’s stock, valued at $7,671,251.21. This trade represents a 7.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Deepak Nayar sold 4,454 shares of Littelfuse stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $259.07, for a total value of $1,153,897.78. Following the sale, the senior vice president owned 6,009 shares of the company’s stock, valued at approximately $1,556,751.63. This represents a 42.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 14,034 shares of company stock valued at $3,670,025 in the last three months. Insiders own 2.50% of the company’s stock.
About Littelfuse
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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