18,200 Shares in Littelfuse, Inc. $LFUS Acquired by Bank of Nova Scotia

Key Points

• Bank of Nova Scotia acquired 18,200 Littelfuse shares worth approximately $8.3 million during the second quarter, while institutional investors collectively own 96.14% of LFUS.
• Littelfuse reported stronger-than-expected quarterly results, with EPS of $4.19 versus $3.78 expected and revenue of $738.78 million, up 20.4% year over year. The company issued third-quarter EPS guidance of $4.85–$5.05.
• The company increased its quarterly dividend from $0.75 to $0.80 per share, while analysts maintain a “Moderate Buy” consensus and an average price target of $465.83.

Bank of Nova Scotia purchased a new stake in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 18,200 shares of the technology company's stock, valued at approximately $8,287,000. Bank of Nova Scotia owned approximately 0.07% of Littelfuse at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Royal Bank of Canada increased its holdings in shares of Littelfuse by 3.6% in the first quarter. Royal Bank of Canada now owns 32,206 shares of the technology company's stock valued at $6,337,000 after purchasing an additional 1,107 shares during the period. Advisors Asset Management Inc. lifted its holdings in Littelfuse by 42.0% in the first quarter. Advisors Asset Management Inc. now owns 311 shares of the technology company's stock valued at $61,000 after acquiring an additional 92 shares during the period. AQR Capital Management LLC grew its stake in shares of Littelfuse by 93.6% during the 1st quarter. AQR Capital Management LLC now owns 20,073 shares of the technology company's stock worth $3,892,000 after purchasing an additional 9,706 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of Littelfuse by 104.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 333 shares of the technology company's stock valued at $66,000 after purchasing an additional 170 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in Littelfuse by 652.9% during the second quarter. EverSource Wealth Advisors LLC now owns 527 shares of the technology company's stock worth $119,000 after buying an additional 457 shares in the last quarter. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Littelfuse Price Performance

Shares of Littelfuse stock opened at $403.37 on Tuesday. The firm has a fifty day simple moving average of $435.54 and a 200-day simple moving average of $405.88. The company has a current ratio of 2.76, a quick ratio of 2.00 and a debt-to-equity ratio of 0.20. Littelfuse, Inc. has a 1-year low of $233.36 and a 1-year high of $500.57. The stock has a market capitalization of $10.25 billion, a price-to-earnings ratio of -806.72, a PEG ratio of 2.18 and a beta of 1.49.

Littelfuse (NASDAQ:LFUS - Get Free Report) last posted its earnings results on Wednesday, July 29th. The technology company reported $4.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.78 by $0.41. Littelfuse had a negative net margin of 0.31% and a positive return on equity of 13.02%. The business had revenue of $738.78 million for the quarter, compared to analyst estimates of $703.38 million. During the same period last year, the business posted $2.30 EPS. Littelfuse's revenue was up 20.4% compared to the same quarter last year. Littelfuse has set its Q3 2026 guidance at 4.850-5.050 EPS. On average, sell-side analysts expect that Littelfuse, Inc. will post 15.78 earnings per share for the current year.

Littelfuse Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 0.8%. This is an increase from Littelfuse's previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, August 20th. Littelfuse's payout ratio is presently -640.00%.

Analysts Set New Price Targets

LFUS has been the topic of a number of recent analyst reports. Wall Street Zen upgraded Littelfuse from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 9th. Needham & Company LLC reiterated a "buy" rating and set a $520.00 price objective on shares of Littelfuse in a research note on Monday, May 18th. Oppenheimer increased their target price on Littelfuse from $430.00 to $500.00 and gave the company an "outperform" rating in a report on Thursday, May 7th. Weiss Ratings upgraded Littelfuse from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Thursday, July 30th. Finally, Williams Trading set a $520.00 price target on Littelfuse in a research report on Thursday, May 7th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $465.83.

Insider Buying and Selling

In other Littelfuse 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 value of $1,355,880.00. Following the completion of the sale, the director directly owned 64,928 shares of the company's stock, valued at $29,344,858.88. This represents a 4.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is currently owned by insiders.

Littelfuse Profile

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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