Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS – Free Report) by 32.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 612,016 shares of the technology company’s stock after purchasing an additional 148,586 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned approximately 2.46% of Littelfuse worth $158,518,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Magnetar Financial LLC bought a new position in shares of Littelfuse during the 3rd quarter worth $1,021,000. Swiss National Bank lifted its position in shares of Littelfuse by 1.7% in the 3rd quarter. Swiss National Bank now owns 47,948 shares of the technology company’s stock worth $12,419,000 after purchasing an additional 800 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Littelfuse by 19.8% during the third quarter. Russell Investments Group Ltd. now owns 34,007 shares of the technology company’s stock valued at $8,808,000 after purchasing an additional 5,618 shares in the last quarter. Dundas Partners LLP increased its holdings in Littelfuse by 26.1% during the third quarter. Dundas Partners LLP now owns 913 shares of the technology company’s stock valued at $236,000 after buying an additional 189 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in Littelfuse in the third quarter worth approximately $852,000. 96.14% of the stock is currently owned by institutional investors.
Littelfuse Price Performance
NASDAQ:LFUS opened at $323.79 on Wednesday. The firm’s fifty day moving average is $319.20 and its two-hundred day moving average is $278.75. The firm has a market cap of $8.13 billion, a price-to-earnings ratio of -111.65, a PEG ratio of 1.97 and a beta of 1.41. Littelfuse, Inc. has a one year low of $142.10 and a one year high of $380.00. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.91 and a current ratio of 2.69.
Littelfuse Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Thursday, February 19th were paid a $0.75 dividend. The ex-dividend date of this dividend was Thursday, February 19th. This represents a $3.00 dividend on an annualized basis and a yield of 0.9%. Littelfuse’s dividend payout ratio (DPR) is currently -103.45%.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the company. Oppenheimer set a $380.00 price objective on Littelfuse in a research note on Thursday, January 29th. UBS Group set a $360.00 price objective on shares of Littelfuse in a research report on Thursday, January 29th. Weiss Ratings downgraded shares of Littelfuse from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, February 20th. Zacks Research downgraded Littelfuse from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 6th. Finally, Benchmark raised Littelfuse from a “hold” rating to a “buy” rating and set a $360.00 price objective for the company in a research report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $364.00.
View Our Latest Stock Analysis on Littelfuse
Insider Buying and Selling
In other Littelfuse news, Director Anthony Grillo sold 5,000 shares of the company’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $346.24, for a total transaction of $1,731,200.00. Following the completion of the transaction, the director directly owned 69,423 shares in the company, valued at approximately $24,037,019.52. This represents a 6.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Gordon Hunter sold 911 shares of the company’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $367.68, for a total transaction of $334,956.48. Following the transaction, the director owned 26,789 shares of the company’s stock, valued at approximately $9,849,779.52. This trade represents a 3.29% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 53,223 shares of company stock worth $17,361,121 in the last 90 days. 2.50% of the stock is owned by insiders.
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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