29,586 Shares in Littelfuse, Inc. (NASDAQ:LFUS) Bought by International Assets Investment Management LLC

International Assets Investment Management LLC acquired a new stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 29,586 shares of the technology company’s stock, valued at approximately $7,916,000. International Assets Investment Management LLC owned 0.12% of Littelfuse at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC boosted its position in shares of Littelfuse by 223.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 85,733 shares of the technology company’s stock valued at $21,203,000 after purchasing an additional 59,218 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Littelfuse by 62.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 144,473 shares of the technology company’s stock worth $35,731,000 after buying an additional 55,712 shares during the period. Cambiar Investors LLC bought a new position in shares of Littelfuse in the 3rd quarter worth about $10,383,000. Comerica Bank purchased a new position in Littelfuse during the 3rd quarter valued at about $9,431,000. Finally, Epoch Investment Partners Inc. boosted its stake in Littelfuse by 27.0% during the third quarter. Epoch Investment Partners Inc. now owns 155,950 shares of the technology company’s stock worth $38,570,000 after acquiring an additional 33,140 shares in the last quarter. 96.14% of the stock is currently owned by institutional investors.

Littelfuse Price Performance

Shares of LFUS opened at $252.64 on Tuesday. Littelfuse, Inc. has a twelve month low of $212.80 and a twelve month high of $309.94. The company has a market capitalization of $6.26 billion, a P/E ratio of 28.94, a price-to-earnings-growth ratio of 2.40 and a beta of 1.32. The firm has a 50 day moving average of $235.15 and a 200 day moving average of $239.58. The company has a quick ratio of 2.44, a current ratio of 3.57 and a debt-to-equity ratio of 0.32.

Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings results on Tuesday, April 30th. The technology company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.01. Littelfuse had a return on equity of 10.21% and a net margin of 9.58%. The firm had revenue of $535.39 million during the quarter, compared to analysts’ expectations of $519.08 million. During the same quarter in the previous year, the business earned $3.64 earnings per share. The company’s revenue was down 12.2% on a year-over-year basis. As a group, equities research analysts anticipate that Littelfuse, Inc. will post 8.59 earnings per share for the current fiscal year.

Littelfuse Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 23rd will be paid a $0.65 dividend. The ex-dividend date is Wednesday, May 22nd. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.03%. Littelfuse’s dividend payout ratio is presently 29.78%.

Insider Activity

In related news, SVP Matthew Cole sold 916 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $248.18, for a total value of $227,332.88. Following the sale, the senior vice president now owns 5,530 shares in the company, valued at $1,372,435.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Deepak Nayar sold 1,305 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $250.25, for a total transaction of $326,576.25. Following the completion of the sale, the senior vice president now owns 4,630 shares of the company’s stock, valued at approximately $1,158,657.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Matthew Cole sold 916 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $248.18, for a total transaction of $227,332.88. Following the completion of the transaction, the senior vice president now owns 5,530 shares in the company, valued at approximately $1,372,435.40. The disclosure for this sale can be found here. Insiders sold 5,675 shares of company stock valued at $1,390,989 over the last three months. Insiders own 2.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on LFUS. StockNews.com lowered shares of Littelfuse from a “buy” rating to a “hold” rating in a report on Saturday, March 30th. Benchmark reissued a “hold” rating on shares of Littelfuse in a research note on Thursday, May 2nd. Finally, Jefferies Financial Group assumed coverage on Littelfuse in a research report on Tuesday, April 9th. They issued a “hold” rating and a $260.00 price target for the company.

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.