Deutsche Bank AG Invests $2.22 Million in Littelfuse, Inc. $LFUS

Key Points

• Deutsche Bank acquired 4,866 Littelfuse shares worth approximately $2.22 million during the second quarter. Institutional investors and hedge funds collectively own 96.14% of the company.
• Littelfuse exceeded quarterly expectations, reporting $4.19 in EPS versus the $3.78 consensus and revenue of $738.78 million, up 20.4% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $465.83.
• The company raised its quarterly dividend from $0.75 to $0.80 per share, equating to an annualized dividend of $3.20 and a 0.8% yield.

Deutsche Bank AG acquired a new stake in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,866 shares of the technology company's stock, valued at approximately $2,216,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Atlas Capital Advisors Inc. acquired a new stake in Littelfuse in the fourth quarter valued at approximately $27,000. Quarry LP purchased a new position in Littelfuse in the third quarter worth approximately $36,000. Prosperity Bancshares Inc acquired a new position in Littelfuse during the 4th quarter worth approximately $36,000. IFP Advisors Inc increased its position in shares of Littelfuse by 292.1% in the 4th quarter. IFP Advisors Inc now owns 149 shares of the technology company's stock valued at $38,000 after purchasing an additional 111 shares during the last quarter. Finally, Larson Financial Group LLC raised its holdings in shares of Littelfuse by 50.9% in the 3rd quarter. Larson Financial Group LLC now owns 160 shares of the technology company's stock valued at $41,000 after purchasing an additional 54 shares in the last quarter. 96.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Littelfuse

In other news, Director Anthony Grillo sold 3,000 shares of Littelfuse stock in a transaction dated 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 sale, the director owned 64,928 shares of the company's stock, valued at $29,344,858.88. The trade was a 4.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

LFUS has been the subject of several recent analyst reports. Needham & Company LLC reaffirmed a "buy" rating and set a $520.00 price objective on shares of Littelfuse in a research report on Monday, May 18th. Weiss Ratings raised Littelfuse from a "sell (d+)" rating to a "hold (c-)" rating in a report on Thursday, July 30th. Wall Street Zen upgraded Littelfuse from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 9th. Oppenheimer upped their price objective on Littelfuse from $430.00 to $500.00 and gave the stock an "outperform" rating in a research report on Thursday, May 7th. Finally, Zacks Research downgraded Littelfuse from a "strong-buy" rating to a "hold" rating in a report on Monday, July 13th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, Littelfuse presently has an average rating of "Moderate Buy" and an average target price of $465.83.

Littelfuse Trading Up 0.6%

Shares of LFUS stock opened at $421.28 on Friday. The company has a market capitalization of $10.70 billion, a P/E ratio of -842.54, a price-to-earnings-growth ratio of 2.21 and a beta of 1.49. The company has a current ratio of 2.76, a quick ratio of 2.00 and a debt-to-equity ratio of 0.20. The business's 50 day moving average is $432.14 and its two-hundred day moving average is $407.52. Littelfuse, Inc. has a twelve month low of $233.36 and a twelve month high of $500.57.

Littelfuse (NASDAQ:LFUS - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $4.19 EPS for the quarter, topping the consensus estimate of $3.78 by $0.41. Littelfuse had a positive return on equity of 13.02% and a negative net margin of 0.31%.The business had revenue of $738.78 million during the quarter, compared to analysts' expectations of $703.38 million. During the same quarter in the prior year, the business earned $2.30 earnings per share. The company's quarterly 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. Equities analysts forecast that Littelfuse, Inc. will post 15.78 EPS for the current year.

Littelfuse Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be paid a $0.80 dividend. This is a boost from Littelfuse's previous quarterly dividend of $0.75. The ex-dividend date is Thursday, August 20th. This represents a $3.20 annualized dividend and a dividend yield of 0.8%. Littelfuse's dividend payout ratio (DPR) is -640.00%.

Littelfuse Company 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.

Want to see what other hedge funds are holding LFUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Littelfuse, Inc. (NASDAQ:LFUS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source