Impax Asset Management Group plc Sells 53,003 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Impax Asset Management Group plc trimmed its position in Littelfuse, Inc. (NASDAQ:LFUS) by 6.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 728,256 shares of the technology company’s stock after selling 53,003 shares during the quarter. Impax Asset Management Group plc owned about 2.94% of Littelfuse worth $185,089,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Covestor Ltd increased its holdings in shares of Littelfuse by 28.5% in the first quarter. Covestor Ltd now owns 239 shares of the technology company’s stock worth $58,000 after purchasing an additional 53 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of Littelfuse by 21.4% in the second quarter. Fifth Third Bancorp now owns 323 shares of the technology company’s stock worth $83,000 after purchasing an additional 57 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Littelfuse by 14.4% in the second quarter. Signaturefd LLC now owns 469 shares of the technology company’s stock worth $120,000 after purchasing an additional 59 shares during the last quarter. Assetmark Inc. increased its holdings in shares of Littelfuse by 17.7% in the fourth quarter. Assetmark Inc. now owns 432 shares of the technology company’s stock worth $116,000 after purchasing an additional 65 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in shares of Littelfuse by 4.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 1,716 shares of the technology company’s stock worth $459,000 after purchasing an additional 68 shares during the last quarter. 96.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on LFUS shares. Baird R W raised Littelfuse from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 17th. TD Cowen boosted their price objective on Littelfuse from $250.00 to $260.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Robert W. Baird boosted their price objective on Littelfuse from $300.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Finally, Stifel Nicolaus raised Littelfuse from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $270.00 to $280.00 in a research note on Tuesday, August 13th. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $278.75.

Littelfuse Trading Up 0.1 %

Shares of NASDAQ:LFUS traded up $0.27 during trading hours on Friday, hitting $256.00. 1,140 shares of the company’s stock traded hands, compared to its average volume of 136,345. Littelfuse, Inc. has a 1 year low of $212.80 and a 1 year high of $275.58. The business has a fifty day moving average price of $258.49 and a 200-day moving average price of $249.29. The firm has a market capitalization of $6.34 billion, a P/E ratio of 29.29, a price-to-earnings-growth ratio of 2.77 and a beta of 1.29. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.50 and a quick ratio of 2.42.

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

Littelfuse Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 22nd were issued a $0.70 dividend. This is a positive change from Littelfuse’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.09%. Littelfuse’s payout ratio is presently 32.07%.

Insider Activity at Littelfuse

In other Littelfuse news, CEO David W. Heinzmann sold 3,786 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $273.92, for a total transaction of $1,037,061.12. Following the completion of the sale, the chief executive officer now owns 59,654 shares in the company, valued at $16,340,423.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Littelfuse news, CEO David W. Heinzmann sold 8,715 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $274.40, for a total transaction of $2,391,396.00. Following the completion of the sale, the chief executive officer now owns 59,654 shares in the company, valued at $16,369,057.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO David W. Heinzmann sold 3,786 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $273.92, for a total value of $1,037,061.12. Following the sale, the chief executive officer now owns 59,654 shares of the company’s stock, valued at approximately $16,340,423.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,892 shares of company stock worth $4,084,701. Company 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.