Mesirow Financial Investment Management Equity Management Takes $10.23 Million Position in Littelfuse, Inc. (LFUS)

Mesirow Financial Investment Management Equity Management purchased a new position in Littelfuse, Inc. (NASDAQ:LFUS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 59,668 shares of the technology company’s stock, valued at approximately $10,232,000. Littelfuse makes up 1.4% of Mesirow Financial Investment Management Equity Management’s investment portfolio, making the stock its 25th largest holding. Mesirow Financial Investment Management Equity Management owned approximately 0.24% of Littelfuse at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Bank of New York Mellon Corp boosted its stake in Littelfuse by 2.1% during the second quarter. Bank of New York Mellon Corp now owns 554,507 shares of the technology company’s stock worth $126,527,000 after buying an additional 11,476 shares during the last quarter. Atria Investments LLC lifted its stake in shares of Littelfuse by 22.5% in the 3rd quarter. Atria Investments LLC now owns 1,647 shares of the technology company’s stock valued at $326,000 after purchasing an additional 302 shares during the last quarter. We Are One Seven LLC acquired a new position in shares of Littelfuse in the 3rd quarter valued at $259,000. State of Alaska Department of Revenue lifted its stake in shares of Littelfuse by 18.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 2,872 shares of the technology company’s stock valued at $568,000 after purchasing an additional 442 shares during the last quarter. Finally, First Hawaiian Bank acquired a new position in shares of Littelfuse in the 3rd quarter valued at $188,000. 95.63% of the stock is owned by hedge funds and other institutional investors.

LFUS opened at $178.84 on Monday. Littelfuse, Inc. has a 12-month low of $155.15 and a 12-month high of $238.10. The company has a current ratio of 3.50, a quick ratio of 2.62 and a debt-to-equity ratio of 0.46. The stock has a market cap of $4.50 billion, a P/E ratio of 18.94, a PEG ratio of 1.58 and a beta of 0.91.

Littelfuse (NASDAQ:LFUS) last posted its earnings results on Wednesday, January 30th. The technology company reported $1.87 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.00 by ($0.13). Littelfuse had a return on equity of 16.12% and a net margin of 9.58%. The firm had revenue of $402.30 million for the quarter, compared to analyst estimates of $413.77 million. During the same period in the previous year, the company posted $1.81 EPS. Littelfuse’s revenue was up 31.9% on a year-over-year basis. Equities analysts forecast that Littelfuse, Inc. will post 9.46 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 7th. Investors of record on Thursday, February 21st will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Wednesday, February 20th. Littelfuse’s payout ratio is 18.22%.

In related news, Director William P. Noglows sold 578 shares of the stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $182.50, for a total transaction of $105,485.00. Following the transaction, the director now owns 22,608 shares of the company’s stock, valued at approximately $4,125,960. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Matthew Cole sold 170 shares of the stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $183.40, for a total value of $31,178.00. Following the transaction, the senior vice president now directly owns 3,993 shares in the company, valued at approximately $732,316.20. The disclosure for this sale can be found here. 3.80% of the stock is currently owned by corporate insiders.

Several equities analysts have recently commented on LFUS shares. Barrington Research reaffirmed a “hold” rating on shares of Littelfuse in a research note on Monday, October 29th. BidaskClub raised Littelfuse from a “sell” rating to a “hold” rating in a research note on Friday, January 11th. CIBC raised Littelfuse from a “market perform” rating to an “outperform” rating and set a $215.00 price target on the stock in a research note on Tuesday, January 8th. Oppenheimer raised Littelfuse from a “market perform” rating to an “outperform” rating and set a $215.00 price target on the stock in a research note on Tuesday, January 8th. Finally, Longbow Research raised Littelfuse from a “neutral” rating to a “buy” rating and set a $200.00 price target on the stock in a research note on Thursday, January 31st. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $227.00.

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Littelfuse Company Profile

Littelfuse, Inc designs, manufactures, and sells circuit protection products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, and gas discharge tubes; and semiconductor and power semiconductor products, such as discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, silicon carbide, metal-oxide-semiconductor field-effect transistors, and silicon carbide diodes, as well as insulated gate bipolar transistors.

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Institutional Ownership by Quarter for Littelfuse (NASDAQ:LFUS)

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