Dimensional Fund Advisors LP Increases Position in Littelfuse, Inc. (NASDAQ:LFUS)

Dimensional Fund Advisors LP boosted its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 13.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 419,586 shares of the technology company’s stock after purchasing an additional 49,588 shares during the quarter. Dimensional Fund Advisors LP owned about 1.69% of Littelfuse worth $107,244,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Rathbones Group PLC grew its holdings in Littelfuse by 0.3% in the second quarter. Rathbones Group PLC now owns 16,624 shares of the technology company’s stock worth $4,249,000 after purchasing an additional 52 shares during the period. Covestor Ltd grew its holdings in shares of Littelfuse by 28.5% during the first quarter. Covestor Ltd now owns 239 shares of the technology company’s stock valued at $58,000 after buying an additional 53 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of Littelfuse by 21.4% during the second quarter. Fifth Third Bancorp now owns 323 shares of the technology company’s stock valued at $83,000 after buying an additional 57 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Littelfuse by 14.4% during the second quarter. Signaturefd LLC now owns 469 shares of the technology company’s stock valued at $120,000 after buying an additional 59 shares during the last quarter. Finally, Studio Investment Management LLC grew its holdings in shares of Littelfuse by 3.8% during the second quarter. Studio Investment Management LLC now owns 1,626 shares of the technology company’s stock valued at $416,000 after buying an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Littelfuse Trading Down 0.1 %

Shares of LFUS stock opened at $260.36 on Tuesday. The firm’s 50 day moving average is $257.74 and its 200 day moving average is $250.50. The stock has a market capitalization of $6.45 billion, a P/E ratio of 29.82, a P/E/G ratio of 2.51 and a beta of 1.28. Littelfuse, Inc. has a 12-month low of $212.80 and a 12-month high of $275.58. The company has a current ratio of 3.50, a quick ratio of 2.42 and a debt-to-equity ratio of 0.32.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings results on Tuesday, July 30th. The technology company reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.22. The business 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 company’s revenue was down 8.7% compared to the same quarter last year. During the same quarter last year, the company posted $3.12 EPS. Research analysts expect that Littelfuse, Inc. will post 8.18 earnings per share for the current year.

Littelfuse Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 22nd were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.08%. The ex-dividend date was Thursday, August 22nd. This is a boost from Littelfuse’s previous quarterly dividend of $0.65. Littelfuse’s dividend payout ratio (DPR) is currently 32.07%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on LFUS shares. Robert W. Baird increased their price target on shares of Littelfuse from $300.00 to $315.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. StockNews.com upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a report on Monday, September 16th. TD Cowen increased their price objective on shares of Littelfuse from $250.00 to $260.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Finally, Stifel Nicolaus upgraded shares of Littelfuse from a “hold” rating to a “buy” rating and raised their target price for the stock from $270.00 to $280.00 in a report on Tuesday, August 13th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $278.75.

Insider Transactions at Littelfuse

In related news, CEO David W. Heinzmann sold 300 shares of Littelfuse stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $273.17, for a total transaction of $81,951.00. Following the transaction, the chief executive officer now owns 59,654 shares in the company, valued at approximately $16,295,683.18. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Littelfuse news, SVP Matthew Cole sold 1,436 shares of Littelfuse stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $246.02, for a total value of $353,284.72. Following the sale, the senior vice president now directly owns 5,522 shares in the company, valued at approximately $1,358,522.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO David W. Heinzmann sold 300 shares of Littelfuse stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $273.17, for a total transaction of $81,951.00. Following the completion of the sale, the chief executive officer now 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 worth $4,437,986 in the last 90 days. 2.30% of the stock is currently owned by insiders.

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.