Corient Private Wealth LLC raised its position in Littelfuse, Inc. (NASDAQ:LFUS – Free Report) by 29.8% in the 4th quarter, Holdings Channel reports. The firm owned 12,935 shares of the technology company’s stock after buying an additional 2,971 shares during the period. Corient Private Wealth LLC’s holdings in Littelfuse were worth $3,277,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of LFUS. Vanguard Group Inc. boosted its position in shares of Littelfuse by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 2,969,874 shares of the technology company’s stock worth $751,141,000 after purchasing an additional 44,826 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in Littelfuse by 67.3% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,024,176 shares of the technology company’s stock worth $259,035,000 after buying an additional 412,160 shares during the period. Van Lanschot Kempen Investment Management N.V. lifted its holdings in Littelfuse by 3.9% during the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 980,498 shares of the technology company’s stock worth $247,988,000 after acquiring an additional 37,203 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in Littelfuse by 58.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 609,966 shares of the technology company’s stock valued at $154,273,000 after acquiring an additional 225,445 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Littelfuse by 5.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 516,479 shares of the technology company’s stock valued at $130,635,000 after acquiring an additional 25,860 shares during the period. 96.14% of the stock is currently owned by institutional investors and hedge funds.
Littelfuse Stock Down 5.1%
LFUS stock opened at $452.67 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.61 and a quick ratio of 1.82. The stock has a market capitalization of $11.45 billion, a P/E ratio of -267.85, a P/E/G ratio of 2.54 and a beta of 1.48. The business has a 50-day moving average of $447.74 and a 200-day moving average of $361.95. Littelfuse, Inc. has a fifty-two week low of $222.62 and a fifty-two week high of $500.57.
Littelfuse Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Thursday, May 21st. Littelfuse’s dividend payout ratio (DPR) is currently -177.51%.
Insider Buying and Selling
In related news, Director Anthony Grillo sold 3,000 shares of the stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $451.96, for a total transaction of $1,355,880.00. Following the completion of the transaction, the director owned 64,928 shares in the company, valued at approximately $29,344,858.88. This represents a 4.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Maggie Chu sold 11,397 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $435.48, for a total transaction of $4,963,165.56. Following the completion of the transaction, the senior vice president directly owned 6,001 shares of the company’s stock, valued at approximately $2,613,315.48. This trade represents a 65.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 15,494 shares of company stock worth $6,750,834 over the last quarter. 1.00% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on LFUS. Williams Trading set a $520.00 price target on Littelfuse in a research report on Thursday, May 7th. Zacks Research raised Littelfuse from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 8th. Oppenheimer raised their target price on shares of Littelfuse from $430.00 to $500.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Robert W. Baird lifted their price target on shares of Littelfuse from $500.00 to $535.00 and gave the company an “outperform” rating in a research note on Friday, June 5th. Finally, Weiss Ratings cut shares of Littelfuse from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $465.83.
About Littelfuse
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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