State Board of Administration of Florida Retirement System boosted its position in Littelfuse Inc. (NASDAQ:LFUS) by 0.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,978 shares of the company’s stock after buying an additional 19 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Littelfuse were worth $943,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the company. Fisher Asset Management LLC boosted its stake in shares of Littelfuse by 59.1% in the second quarter. Fisher Asset Management LLC now owns 361,838 shares of the company’s stock valued at $42,737,000 after buying an additional 134,419 shares during the period. Emerald Acquisition Ltd. bought a new stake in shares of Littelfuse during the second quarter valued at about $9,405,000. Aberdeen Asset Management PLC UK boosted its stake in shares of Littelfuse by 40.9% in the second quarter. Aberdeen Asset Management PLC UK now owns 264,287 shares of the company’s stock valued at $31,236,000 after buying an additional 76,718 shares during the period. Lazard Asset Management LLC boosted its stake in shares of Littelfuse by 40.7% in the first quarter. Lazard Asset Management LLC now owns 237,651 shares of the company’s stock valued at $29,257,000 after buying an additional 68,799 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of Littelfuse by 31.1% in the first quarter. Renaissance Technologies LLC now owns 281,292 shares of the company’s stock valued at $34,630,000 after buying an additional 66,800 shares during the period. Institutional investors own 98.34% of the company’s stock.
Shares of Littelfuse Inc. (NASDAQ:LFUS) traded down 2.71% on Friday, reaching $126.60. 116,078 shares of the company’s stock traded hands. The firm has a market cap of $2.84 billion, a P/E ratio of 35.68 and a beta of 1.35. Littelfuse Inc. has a one year low of $87.32 and a one year high of $130.79. The company’s 50-day moving average price is $123.72 and its 200 day moving average price is $119.22.
Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings results on Thursday, August 4th. The company reported $1.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.01. Littelfuse had a net margin of 8.66% and a return on equity of 17.48%. The firm earned $271.90 million during the quarter, compared to the consensus estimate of $271.13 million. During the same period last year, the firm earned $1.33 EPS. The business’s quarterly revenue was up 22.5% compared to the same quarter last year. On average, equities analysts forecast that Littelfuse Inc. will post $5.52 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 8th. Shareholders of record on Thursday, August 25th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 1.04%. This is an increase from Littelfuse’s previous quarterly dividend of $0.29. The ex-dividend date was Tuesday, August 23rd. Littelfuse’s dividend payout ratio (DPR) is presently 37.18%.
Several equities research analysts recently issued reports on the company. Robert W. Baird boosted their price target on Littelfuse from $128.00 to $132.00 and gave the company an “outperform” rating in a research note on Friday, August 26th. Oppenheimer Holdings Inc. boosted their price objective on shares of Littelfuse from $138.00 to $145.00 and gave the company an “outperform” rating in a research report on Tuesday, September 13th. Finally, Zacks Investment Research downgraded shares of Littelfuse from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th.
In other Littelfuse news, VP Deepak Nayar sold 4,237 shares of the firm’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of $126.67, for a total value of $536,700.79. Following the completion of the transaction, the vice president now directly owns 10,137 shares of the company’s stock, valued at approximately $1,284,053.79. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Gordon Hunter sold 20,000 shares of the firm’s stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $122.69, for a total transaction of $2,453,800.00. Following the completion of the transaction, the chairman now directly owns 54,344 shares of the company’s stock, valued at $6,667,465.36. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by company insiders.
Littelfuse, Inc is a supplier of circuit protection products for the electronics, automotive and electrical industries. The Company operates through three segments: Electronics, Automotive and Industrial. Its Electronics segment provides circuit protection components to manufacturers of a range of electronic products, including mobile phones, computers, liquid-crystal-display televisions, telecommunications equipment, medical devices, lighting products and white goods.
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