Littelfuse, Inc. (NASDAQ:LFUS) Stock Holdings Lowered by Rathbones Group PLC

Key Points

• Rathbones Group PLC reduced its holdings in Littelfuse, Inc. by 24.6% during the first quarter, now owning about 0.07% of the company valued at $3.2 million.
• Littelfuse reported an earnings per share (EPS) of $2.85 for the last quarter, surpassing estimates and showing a 9.8% year-over-year revenue increase.
• The company announced a quarterly dividend increase to $0.75 per share, up from the previous $0.70, with a scheduled payment on September 4th.

Rathbones Group PLC trimmed its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 24.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,244 shares of the technology company's stock after selling 5,314 shares during the period. Rathbones Group PLC owned about 0.07% of Littelfuse worth $3,196,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. lifted its position in shares of Littelfuse by 228.2% during the 1st quarter. First Horizon Advisors Inc. now owns 128 shares of the technology company's stock valued at $25,000 after acquiring an additional 89 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of Littelfuse by 30.5% in the 1st quarter. Fifth Third Bancorp now owns 325 shares of the technology company's stock worth $64,000 after acquiring an additional 76 shares during the last quarter. Parallel Advisors LLC raised its position in shares of Littelfuse by 105.6% during the first quarter. Parallel Advisors LLC now owns 333 shares of the technology company's stock worth $66,000 after purchasing an additional 171 shares during the period. Global X Japan Co. Ltd. lifted its holdings in shares of Littelfuse by 33.5% during the first quarter. Global X Japan Co. Ltd. now owns 347 shares of the technology company's stock valued at $68,000 after purchasing an additional 87 shares during the last quarter. Finally, Bayforest Capital Ltd boosted its position in shares of Littelfuse by 42.8% in the 1st quarter. Bayforest Capital Ltd now owns 367 shares of the technology company's stock valued at $72,000 after purchasing an additional 110 shares during the period. 96.14% of the stock is currently owned by institutional investors.

Littelfuse Stock Performance

Shares of Littelfuse stock opened at $263.42 on Thursday. Littelfuse, Inc. has a 12 month low of $142.10 and a 12 month high of $275.56. The company has a quick ratio of 2.98, a current ratio of 4.06 and a debt-to-equity ratio of 0.30. The stock has a market cap of $6.53 billion, a PE ratio of 54.88, a price-to-earnings-growth ratio of 2.19 and a beta of 1.41. The business has a fifty day simple moving average of $233.64 and a 200-day simple moving average of $215.59.

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

Littelfuse Increases Dividend

The business 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 dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, August 21st. This is a boost from Littelfuse's previous quarterly dividend of $0.70. This represents a $3.00 dividend on an annualized basis and a yield of 1.1%. Littelfuse's payout ratio is presently 58.33%.

Insider Buying and Selling

In other Littelfuse news, Director T J. Chung sold 2,343 shares of the company's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $246.11, for a total value of $576,635.73. Following the transaction, the director owned 18,730 shares in the company, valued at approximately $4,609,640.30. This represents a 11.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.50% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Wall Street Zen raised Littelfuse from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. Benchmark reiterated a "hold" rating on shares of Littelfuse in a report on Wednesday, May 28th. Oppenheimer cut their price target on shares of Littelfuse from $310.00 to $275.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. Finally, Robert W. Baird upped their price target on shares of Littelfuse from $182.00 to $194.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $234.50.

Littelfuse Profile

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.

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