Nordea Investment Management AB Acquires 88,151 Shares of Littelfuse, Inc. $LFUS

Key Points

• Nordea Investment Management AB increased its stake in Littelfuse, Inc. by 39.5%, acquiring an additional 88,151 shares during the second quarter, bringing its total holdings to approximately 311,436 shares worth $70.7 million.
• Insider selling activity included a significant transaction by SVP Alexander Conrad and VP Ryan K. Stafford, with sales of 13,210 and 10,206 shares respectively, indicating a decrease in their holdings by 79.4% and 24.93%.
• Littelfuse recently raised its quarterly dividend from $0.70 to $0.75 per share, reflecting an annualized dividend of $3.00 and a yield of 1.1%.

Nordea Investment Management AB lifted its holdings in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 39.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 311,436 shares of the technology company's stock after buying an additional 88,151 shares during the quarter. Nordea Investment Management AB owned about 1.26% of Littelfuse worth $70,687,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Alyeska Investment Group L.P. acquired a new stake in Littelfuse in the first quarter worth about $43,574,000. Van Lanschot Kempen Investment Management N.V. increased its position in Littelfuse by 39.9% in the first quarter. Van Lanschot Kempen Investment Management N.V. now owns 618,215 shares of the technology company's stock worth $121,628,000 after purchasing an additional 176,243 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Littelfuse by 97.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 216,208 shares of the technology company's stock worth $42,537,000 after purchasing an additional 106,912 shares during the period. Copeland Capital Management LLC increased its position in Littelfuse by 31.3% in the second quarter. Copeland Capital Management LLC now owns 333,199 shares of the technology company's stock worth $75,546,000 after purchasing an additional 79,507 shares during the period. Finally, Shellback Capital LP acquired a new stake in Littelfuse in the first quarter worth about $13,907,000. 96.14% of the stock is owned by institutional investors.

Insider Activity

In other news, SVP Alexander Conrad sold 13,210 shares of Littelfuse stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $261.43, for a total transaction of $3,453,490.30. Following the transaction, the senior vice president owned 3,427 shares in the company, valued at $895,920.61. The trade was a 79.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Ryan K. Stafford sold 10,206 shares of Littelfuse stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $261.34, for a total value of $2,667,236.04. Following the transaction, the vice president owned 30,727 shares in the company, valued at $8,030,194.18. This trade represents a 24.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,759 shares of company stock worth $6,697,362 in the last 90 days. Corporate insiders own 2.50% of the company's stock.

Littelfuse Price Performance

Shares of LFUS opened at $264.93 on Friday. The company has a current ratio of 4.06, a quick ratio of 2.98 and a debt-to-equity ratio of 0.30. Littelfuse, Inc. has a 1 year low of $142.10 and a 1 year high of $271.81. The stock has a market cap of $6.56 billion, a P/E ratio of 55.19, a price-to-earnings-growth ratio of 2.14 and a beta of 1.45. The stock's 50-day moving average price is $259.38 and its two-hundred day moving average price is $226.56.

Littelfuse (NASDAQ:LFUS - Get Free Report) last issued its earnings results on Wednesday, July 30th. The technology company reported $2.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $571.04 million. During the same quarter last year, the business earned $1.97 earnings per share. The company's revenue was up 9.8% compared to the same quarter last year. Littelfuse has set its Q3 2025 guidance at 2.650-2.850 EPS. On average, equities analysts predict that Littelfuse, Inc. will post 9.49 earnings per share for the current year.

Littelfuse Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were issued a dividend of $0.75 per share. This is a boost from Littelfuse's previous quarterly dividend of $0.70. The ex-dividend date was Thursday, August 21st. This represents a $3.00 annualized dividend and a dividend yield of 1.1%. Littelfuse's dividend payout ratio (DPR) is presently 62.50%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Robert W. Baird upgraded Littelfuse from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from $290.00 to $310.00 in a research report on Friday, October 10th. Zacks Research lowered Littelfuse from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 2nd. Weiss Ratings reiterated a "hold (c)" rating on shares of Littelfuse in a research report on Wednesday, October 8th. Baird R W upgraded Littelfuse from a "hold" rating to a "strong-buy" rating in a report on Friday, October 10th. Finally, Wall Street Zen upgraded Littelfuse from a "buy" rating to a "strong-buy" rating in a report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, Littelfuse presently has an average rating of "Moderate Buy" and an average target price of $292.50.

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.

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