Advisory Research Inc. lowered its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 66.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 9,704 shares of the technology company’s stock after selling 19,035 shares during the quarter. Advisory Research Inc.’s holdings in Littelfuse were worth $1,920,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LFUS. Turner Investments LLC purchased a new stake in Littelfuse in the 3rd quarter worth approximately $147,000. Royal Bank of Canada lifted its holdings in Littelfuse by 63.6% in the 2nd quarter. Royal Bank of Canada now owns 1,178 shares of the technology company’s stock worth $194,000 after buying an additional 458 shares during the period. Intrust Bank NA purchased a new stake in Littelfuse in the 3rd quarter worth approximately $204,000. Coldstream Capital Management Inc. purchased a new stake in Littelfuse in the 3rd quarter worth approximately $204,000. Finally, Advisor Partners LLC purchased a new stake in Littelfuse in the 4th quarter worth approximately $212,000. Institutional investors and hedge funds own 98.72% of the company’s stock.
In related news, SVP Michael P. Rutz sold 968 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $205.00, for a total transaction of $198,440.00. Following the completion of the transaction, the senior vice president now owns 4,842 shares of the company’s stock, valued at approximately $992,610. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Ian Highley sold 9,378 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $212.50, for a total value of $1,992,825.00. Following the transaction, the senior vice president now directly owns 4,121 shares of the company’s stock, valued at approximately $875,712.50. The disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.
Littelfuse (NASDAQ:LFUS) last announced its earnings results on Wednesday, January 31st. The technology company reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.13. Littelfuse had a return on equity of 19.65% and a net margin of 9.78%. The firm had revenue of $304.85 million during the quarter, compared to analyst estimates of $299.88 million. During the same quarter in the prior year, the company earned $1.57 EPS. The business’s revenue was up 7.1% compared to the same quarter last year. research analysts expect that Littelfuse, Inc. will post 8.53 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 22nd will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Wednesday, February 21st. Littelfuse’s dividend payout ratio is currently 28.52%.
Several research analysts have recently issued reports on the company. BidaskClub lowered Littelfuse from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. Zacks Investment Research lowered Littelfuse from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Robert W. Baird reissued a “buy” rating and issued a $230.00 target price on shares of Littelfuse in a research report on Friday, November 3rd. Finally, Oppenheimer reissued a “hold” rating on shares of Littelfuse in a research report on Wednesday, November 1st. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $211.25.
Littelfuse, Inc is a supplier of circuit protection products for the electronics, automotive and industrial markets. The Company operates through three segments. The Electronics segment provides circuit protection components for overcurrent and overvoltage protection, as well as sensor components and modules to manufacturers of a range of electronic products.
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