Praxis Investment Management Inc. Acquires Shares of 2,290 Littelfuse, Inc. $LFUS

Key Points

• Praxis Investment Management Inc. acquired 2,290 shares of Littelfuse, Inc. (NASDAQ:LFUS), valued at approximately $519,000, during the 2nd quarter.
• Insider trading activity saw VP Ryan K. Stafford and SVP Alexander Conrad sell significant shares, representing a combined 24.93% and 79.40% decrease in their ownership, respectively.
• Littelfuse announced an increase in its quarterly dividend from $0.70 to $0.75, reflecting confidence in its financial performance, with a dividend payout ratio of 62.50%.

Praxis Investment Management Inc. acquired a new stake in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,290 shares of the technology company's stock, valued at approximately $519,000.

Several other institutional investors also recently bought and sold shares of LFUS. Alyeska Investment Group L.P. acquired a new stake in Littelfuse in the first quarter valued at approximately $43,574,000. Van Lanschot Kempen Investment Management N.V. lifted its position in shares of 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 valued at $121,628,000 after acquiring an additional 176,243 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of 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 valued at $42,537,000 after acquiring an additional 106,912 shares in the last quarter. Copeland Capital Management LLC lifted its position in shares of Littelfuse by 31.3% in the second quarter. Copeland Capital Management LLC now owns 333,199 shares of the technology company's stock valued at $75,546,000 after acquiring an additional 79,507 shares in the last quarter. Finally, Shellback Capital LP purchased a new position in Littelfuse during the first quarter worth approximately $13,907,000. 96.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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

Littelfuse Price Performance

NASDAQ:LFUS opened at $264.93 on Friday. Littelfuse, Inc. has a 52 week low of $142.10 and a 52 week high of $271.81. 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 company has a market capitalization of $6.56 billion, a P/E ratio of 55.19, a P/E/G ratio of 2.14 and a beta of 1.45. The stock's fifty day moving average is $259.38 and its two-hundred day moving average is $226.56.

Littelfuse (NASDAQ:LFUS - Get Free Report) last posted its earnings results on Wednesday, July 30th. The technology company reported $2.85 EPS for the quarter, beating 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 company had revenue of $613.41 million for the quarter, compared to the consensus estimate of $571.04 million. During the same quarter in the previous year, the business earned $1.97 earnings per share. The company'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. Equities analysts expect that Littelfuse, Inc. will post 9.49 EPS for the current year.

Littelfuse Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st were given a $0.75 dividend. This is an increase 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%. The ex-dividend date was Thursday, August 21st. Littelfuse's dividend payout ratio (DPR) is presently 62.50%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on LFUS. Zacks Research downgraded Littelfuse from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 2nd. Wall Street Zen upgraded Littelfuse from a "buy" rating to a "strong-buy" rating in a research report on Friday, September 5th. 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 research report on Friday, October 10th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $292.50.

Littelfuse Company 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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