Algert Global LLC Makes New Investment in Littelfuse, Inc. (NASDAQ:LFUS)

Algert Global LLC bought a new stake in Littelfuse, Inc. (NASDAQ:LFUS) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,510 shares of the technology company’s stock, valued at approximately $642,000.

A number of other large investors also recently made changes to their positions in LFUS. Van Lanschot Kempen Investment Management N.V. bought a new stake in Littelfuse in the 2nd quarter worth about $100,662,000. Westwood Holdings Group Inc. grew its holdings in shares of Littelfuse by 223.8% in the first quarter. Westwood Holdings Group Inc. now owns 313,927 shares of the technology company’s stock valued at $76,080,000 after acquiring an additional 216,985 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Littelfuse during the second quarter valued at approximately $46,037,000. Lord Abbett & CO. LLC lifted its holdings in Littelfuse by 88.8% during the first quarter. Lord Abbett & CO. LLC now owns 166,195 shares of the technology company’s stock worth $40,278,000 after acquiring an additional 78,153 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in Littelfuse by 13.2% during the second quarter. Victory Capital Management Inc. now owns 501,504 shares of the technology company’s stock worth $128,179,000 after acquiring an additional 58,529 shares during the period. 96.14% of the stock is owned by institutional investors.

Littelfuse Price Performance

LFUS opened at $258.39 on Friday. The firm has a 50-day moving average price of $257.18 and a 200-day moving average price of $252.09. Littelfuse, Inc. has a twelve month low of $212.80 and a twelve month high of $275.58. The company has a quick ratio of 2.42, a current ratio of 3.50 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $6.40 billion, a price-to-earnings ratio of 29.60, a PEG ratio of 2.65 and a beta of 1.27.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings data on Tuesday, July 30th. The technology company reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.22. Littelfuse had a return on equity of 8.91% and a net margin of 8.71%. The company had revenue of $558.49 million for the quarter, compared to analyst estimates of $540.35 million. During the same period in the previous year, the company posted $3.12 EPS. The firm’s revenue for the quarter was down 8.7% compared to the same quarter last year. Equities analysts expect that Littelfuse, Inc. will post 8.18 EPS for the current year.

Littelfuse Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 22nd were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.08%. This is an increase from Littelfuse’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend was Thursday, August 22nd. Littelfuse’s dividend payout ratio (DPR) is presently 32.07%.

Insider Activity

In related news, SVP Matthew Cole sold 1,436 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $246.02, for a total value of $353,284.72. Following the sale, the senior vice president now owns 5,522 shares in the company, valued at approximately $1,358,522.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO David W. Heinzmann sold 2,091 shares of Littelfuse stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $274.65, for a total transaction of $574,293.15. Following the completion of the sale, the chief executive officer now owns 59,654 shares in the company, valued at approximately $16,383,971.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Matthew Cole sold 1,436 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $246.02, for a total transaction of $353,284.72. Following the completion of the transaction, the senior vice president now owns 5,522 shares in the company, valued at approximately $1,358,522.44. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,328 shares of company stock worth $4,437,986 in the last three months. Corporate insiders own 2.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on LFUS. StockNews.com raised Littelfuse from a “hold” rating to a “buy” rating in a research report on Wednesday, September 25th. Stifel Nicolaus upgraded shares of Littelfuse from a “hold” rating to a “buy” rating and raised their price objective for the stock from $270.00 to $280.00 in a report on Tuesday, August 13th. TD Cowen lifted their price objective on shares of Littelfuse from $250.00 to $260.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Finally, Robert W. Baird increased their target price on shares of Littelfuse from $300.00 to $315.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Littelfuse currently has an average rating of “Moderate Buy” and a consensus target price of $278.75.

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.