Barrow Hanley Mewhinney & Strauss LLC Invests $46.04 Million in Littelfuse, Inc. (NASDAQ:LFUS)

Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 180,119 shares of the technology company’s stock, valued at approximately $46,037,000. Barrow Hanley Mewhinney & Strauss LLC owned about 0.73% of Littelfuse as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of LFUS. Rise Advisors LLC bought a new stake in Littelfuse in the first quarter valued at $30,000. CWM LLC boosted its stake in Littelfuse by 410.7% during the 2nd quarter. CWM LLC now owns 143 shares of the technology company’s stock valued at $37,000 after purchasing an additional 115 shares during the period. GAMMA Investing LLC boosted its stake in Littelfuse by 275.0% during the 2nd quarter. GAMMA Investing LLC now owns 165 shares of the technology company’s stock valued at $42,000 after purchasing an additional 121 shares during the period. EntryPoint Capital LLC bought a new position in Littelfuse in the 1st quarter worth about $50,000. Finally, Covestor Ltd increased its stake in shares of Littelfuse by 28.5% in the first quarter. Covestor Ltd now owns 239 shares of the technology company’s stock valued at $58,000 after purchasing an additional 53 shares during the period. Institutional investors and hedge funds own 96.14% of the company’s stock.

Littelfuse Price Performance

NASDAQ:LFUS opened at $260.50 on Monday. Littelfuse, Inc. has a 52-week low of $212.80 and a 52-week 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 firm has a market cap of $6.46 billion, a P/E ratio of 29.84, a PEG ratio of 2.51 and a beta of 1.28. The business’s 50-day moving average price is $257.84 and its 200 day moving average price is $250.37.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings data on Tuesday, July 30th. The technology company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.22. The company had revenue of $558.49 million for the quarter, compared to analysts’ expectations of $540.35 million. Littelfuse had a net margin of 8.71% and a return on equity of 8.91%. The business’s revenue was down 8.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.12 EPS. As a group, sell-side analysts predict that Littelfuse, Inc. will post 8.18 earnings per share for the current fiscal year.

Littelfuse Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 22nd were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.07%. This is a boost from Littelfuse’s previous quarterly dividend of $0.65. The ex-dividend date was Thursday, August 22nd. Littelfuse’s payout ratio is presently 32.07%.

Insider Transactions at Littelfuse

In related news, CEO David W. Heinzmann sold 300 shares of Littelfuse stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $273.17, for a total value of $81,951.00. Following the transaction, the chief executive officer now owns 59,654 shares of the company’s stock, valued at approximately $16,295,683.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Matthew Cole sold 1,436 shares of the firm’s 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 completion of the sale, the senior vice president now owns 5,522 shares of the company’s stock, valued at $1,358,522.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO David W. Heinzmann sold 300 shares of the company’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $273.17, for a total value of $81,951.00. Following the transaction, the chief executive officer now directly owns 59,654 shares in the company, valued at $16,295,683.18. The disclosure for this sale can be found here. Insiders have sold 16,328 shares of company stock valued at $4,437,986 over the last three months. Company insiders own 2.30% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on LFUS shares. TD Cowen increased their price objective on Littelfuse from $250.00 to $260.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Stifel Nicolaus raised Littelfuse from a “hold” rating to a “buy” rating and increased their price target for the stock from $270.00 to $280.00 in a research note on Tuesday, August 13th. StockNews.com upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Finally, Robert W. Baird raised their target price on shares of Littelfuse from $300.00 to $315.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Littelfuse has an average rating of “Moderate Buy” and an average 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.