Earnest Partners LLC Sells 9,946 Shares of Littelfuse, Inc. $LFUS

Key Points

• Earnest Partners LLC has reduced its stake in Littelfuse, Inc. by 2.3%, selling nearly 10,000 shares and now holds 1.69% of the company's stock, valued at approximately $82.1 million.
• Analyst ratings have seen changes, with Oppenheimer lowering their price target from $310.00 to $275.00 and Wall Street Zen changing their rating from "strong-buy" to "buy".
• Littelfuse recently increased its quarterly dividend from $0.70 to $0.75, resulting in an annualized yield of 1.1%, with the next payout scheduled for September 4th.

Earnest Partners LLC lowered its position in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 2.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 417,510 shares of the technology company's stock after selling 9,946 shares during the period. Earnest Partners LLC owned about 1.69% of Littelfuse worth $82,141,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in LFUS. Tower Research Capital LLC TRC boosted its holdings in shares of Littelfuse by 165.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,607 shares of the technology company's stock valued at $379,000 after purchasing an additional 1,002 shares during the last quarter. Stifel Financial Corp boosted its holdings in shares of Littelfuse by 1.2% during the 4th quarter. Stifel Financial Corp now owns 16,299 shares of the technology company's stock valued at $3,841,000 after purchasing an additional 192 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Littelfuse by 293.9% during the 4th quarter. Hsbc Holdings PLC now owns 3,711 shares of the technology company's stock valued at $872,000 after purchasing an additional 2,769 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Littelfuse by 15.0% during the 4th quarter. Northern Trust Corp now owns 236,960 shares of the technology company's stock valued at $55,840,000 after purchasing an additional 30,855 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC boosted its holdings in shares of Littelfuse by 685.8% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 8,047 shares of the technology company's stock valued at $1,896,000 after purchasing an additional 7,023 shares during the last quarter. Institutional investors own 96.14% of the company's stock.

Littelfuse Price Performance

Shares of NASDAQ LFUS traded down $4.25 during mid-day trading on Friday, hitting $259.83. 163,047 shares of the company's stock traded hands, compared to its average volume of 174,468. The company's 50-day moving average is $242.46 and its two-hundred day moving average is $217.34. The company has a debt-to-equity ratio of 0.30, a current ratio of 4.06 and a quick ratio of 2.98. The company has a market capitalization of $6.44 billion, a P/E ratio of 54.13, a PEG ratio of 2.23 and a beta of 1.41. Littelfuse, Inc. has a 1 year low of $142.10 and a 1 year high of $274.50.

Littelfuse (NASDAQ:LFUS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.85 earnings per share for the quarter, topping analysts' consensus estimates of $2.35 by $0.50. Littelfuse had a net margin of 5.30% and a return on equity of 9.74%. The company had revenue of $613.41 million for the quarter, compared to analyst estimates of $571.04 million. During the same period in the prior year, the company posted $1.97 EPS. The firm's revenue for the quarter was up 9.8% on a year-over-year basis. Littelfuse has set its Q3 2025 guidance at 2.650-2.850 EPS. On average, equities analysts anticipate that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.

Littelfuse Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 21st will be given a $0.75 dividend. This is an increase from Littelfuse's previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.00 dividend on an annualized basis and a yield of 1.2%. Littelfuse's dividend payout ratio is currently 62.50%.

Insider Buying and Selling

In related news, SVP Alexander Conrad sold 13,210 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $261.43, for a total value of $3,453,490.30. Following the sale, the senior vice president directly owned 3,427 shares of the company's stock, valued at $895,920.61. This represents a 79.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Ryan K. Stafford sold 10,206 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $261.34, for a total transaction of $2,667,236.04. Following the completion of the sale, the vice president directly owned 30,727 shares in the company, valued at $8,030,194.18. This trade represents a 24.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,759 shares of company stock valued at $6,697,362 in the last ninety days. 2.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Benchmark reissued a "hold" rating on shares of Littelfuse in a report on Wednesday, May 28th. Wall Street Zen cut shares of Littelfuse from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 23rd. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $234.50.

About Littelfuse

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.