Oak Thistle LLC Invests $347,000 in Littelfuse, Inc. (NASDAQ:LFUS)

Oak Thistle LLC bought a new stake in Littelfuse, Inc. (NASDAQ:LFUS) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,430 shares of the technology company’s stock, valued at approximately $347,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of LFUS. Norges Bank bought a new position in shares of Littelfuse during the 4th quarter worth approximately $150,004,000. Federated Hermes Inc. increased its holdings in shares of Littelfuse by 160.0% in the fourth quarter. Federated Hermes Inc. now owns 158,506 shares of the technology company’s stock valued at $42,410,000 after purchasing an additional 97,535 shares during the last quarter. TD Asset Management Inc raised its position in shares of Littelfuse by 160.2% in the fourth quarter. TD Asset Management Inc now owns 113,447 shares of the technology company’s stock valued at $30,354,000 after purchasing an additional 69,842 shares during the period. Epoch Investment Partners Inc. lifted its stake in shares of Littelfuse by 34.8% during the 4th quarter. Epoch Investment Partners Inc. now owns 210,256 shares of the technology company’s stock worth $56,256,000 after buying an additional 54,306 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of Littelfuse by 49.5% during the 4th quarter. First Trust Advisors LP now owns 159,025 shares of the technology company’s stock worth $42,549,000 after buying an additional 52,634 shares during the period. Institutional investors own 96.14% of the company’s stock.

Littelfuse Trading Down 3.4 %

Shares of LFUS opened at $246.95 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.44 and a current ratio of 3.57. Littelfuse, Inc. has a 52-week low of $212.80 and a 52-week high of $309.94. The firm has a market cap of $6.12 billion, a price-to-earnings ratio of 28.29, a PEG ratio of 2.48 and a beta of 1.29. The business’s fifty day moving average is $252.65 and its 200-day moving average is $246.19.

Littelfuse (NASDAQ:LFUS) last issued its earnings results on Tuesday, April 30th. The technology company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.75 by $0.01. The firm had revenue of $535.39 million during the quarter, compared to the consensus estimate of $519.08 million. Littelfuse had a return on equity of 10.21% and a net margin of 9.58%. The business’s quarterly revenue was down 12.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.64 earnings per share. Equities analysts anticipate that Littelfuse, Inc. will post 8.59 EPS for the current fiscal year.

Littelfuse Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 6th. Shareholders of record on Thursday, May 23rd were paid a dividend of $0.65 per share. The ex-dividend date of this dividend was Wednesday, May 22nd. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.05%. Littelfuse’s payout ratio is presently 29.78%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on LFUS. Benchmark restated a “hold” rating on shares of Littelfuse in a report on Thursday, May 2nd. Jefferies Financial Group started coverage on Littelfuse in a report on Tuesday, April 9th. They issued a “hold” rating and a $260.00 price objective on the stock. StockNews.com cut shares of Littelfuse from a “buy” rating to a “hold” rating in a research report on Saturday, March 30th. Baird R W raised shares of Littelfuse from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 17th. Finally, Robert W. Baird upgraded shares of Littelfuse from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $270.00 to $300.00 in a research note on Friday, May 17th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Littelfuse presently has an average rating of “Moderate Buy” and a consensus target price of $280.00.

Insider Transactions at Littelfuse

In related news, SVP Deepak Nayar sold 1,305 shares of Littelfuse stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $250.25, for a total transaction of $326,576.25. Following the sale, the senior vice president now directly owns 4,630 shares in the company, valued at approximately $1,158,657.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, SVP Deepak Nayar sold 1,305 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $250.25, for a total transaction of $326,576.25. Following the completion of the transaction, the senior vice president now owns 4,630 shares of the company’s stock, valued at $1,158,657.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Meenal Sethna sold 6,114 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $256.49, for a total value of $1,568,179.86. Following the transaction, the chief financial officer now directly owns 22,432 shares of the company’s stock, valued at $5,753,583.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,638 shares of company stock worth $2,463,552. Corporate insiders own 2.30% of the company’s stock.

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.