Legato Capital Management LLC lifted its position in shares of Littelfuse, Inc. (NASDAQ:LFUS – Free Report) by 49.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,159 shares of the technology company’s stock after buying an additional 3,711 shares during the quarter. Legato Capital Management LLC’s holdings in Littelfuse were worth $2,890,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank bought a new position in Littelfuse during the second quarter worth about $114,721,000. AQR Capital Management LLC grew its position in shares of Littelfuse by 876.1% during the 2nd quarter. AQR Capital Management LLC now owns 195,927 shares of the technology company’s stock worth $44,240,000 after purchasing an additional 175,854 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Littelfuse by 4.4% during the third quarter. Vanguard Group Inc. now owns 2,925,048 shares of the technology company’s stock worth $757,617,000 after purchasing an additional 122,392 shares during the period. Segall Bryant & Hamill LLC increased its holdings in shares of Littelfuse by 35.2% during the third quarter. Segall Bryant & Hamill LLC now owns 300,375 shares of the technology company’s stock worth $77,800,000 after purchasing an additional 78,197 shares during the period. Finally, American Century Companies Inc. raised its position in shares of Littelfuse by 23.6% in the second quarter. American Century Companies Inc. now owns 346,527 shares of the technology company’s stock valued at $78,569,000 after buying an additional 66,267 shares in the last quarter. 96.14% of the stock is currently owned by institutional investors and hedge funds.
Littelfuse Stock Up 2.5%
Shares of NASDAQ LFUS opened at $361.39 on Tuesday. The company has a market cap of $9.07 billion, a price-to-earnings ratio of -124.62, a PEG ratio of 2.26 and a beta of 1.40. The company has a current ratio of 2.69, a quick ratio of 1.91 and a debt-to-equity ratio of 0.29. Littelfuse, Inc. has a 12 month low of $142.10 and a 12 month high of $380.00. The stock has a 50-day moving average price of $311.55 and a two-hundred day moving average price of $275.78.
Littelfuse Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Thursday, February 19th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Thursday, February 19th. Littelfuse’s dividend payout ratio is presently -103.45%.
Insider Activity at Littelfuse
In other Littelfuse news, Director Gordon Hunter sold 911 shares of the company’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $367.68, for a total value of $334,956.48. Following the completion of the transaction, the director owned 26,789 shares of the company’s stock, valued at $9,849,779.52. This represents a 3.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Jeffrey G. Gorski sold 2,500 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $346.89, for a total value of $867,225.00. Following the completion of the transaction, the chief accounting officer owned 6,433 shares of the company’s stock, valued at $2,231,543.37. This represents a 27.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 60,713 shares of company stock worth $19,301,707 over the last 90 days. 2.50% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on LFUS. Zacks Research raised Littelfuse from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 29th. Oppenheimer set a $380.00 target price on Littelfuse in a report on Thursday, January 29th. Williams Trading set a $360.00 price target on Littelfuse in a research report on Thursday, January 29th. UBS Group set a $360.00 price objective on shares of Littelfuse in a research note on Thursday, January 29th. Finally, Wall Street Zen cut shares of Littelfuse from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 21st. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $364.00.
Get Our Latest Stock Report on Littelfuse
Littelfuse Profile
Littelfuse, Inc is a global manufacturer of circuit protection, power control, and sensing technologies. Founded in 1927 and headquartered in Chicago, Illinois, the company develops and produces a broad range of products designed to safeguard electrical and electronic systems across a variety of end markets. Littelfuse’s offerings include fuses, semiconductors, relays, and sensors, all engineered to protect against overcurrent, overvoltage, and thermal events in demanding applications.
The company’s product portfolio is organized into key segments such as Automotive, Industrial & Electronics, and Power & Sensor.
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