Raymond James Financial Inc. Increases Holdings in Littelfuse, Inc. $LFUS

Key Points

• Raymond James Financial Inc. increased its holdings in Littelfuse, Inc. by 23.2% in the first quarter, owning 171,801 shares valued at $33.8 million.
• Littelfuse recently announced a boost in its quarterly dividend to $0.75 per share, up from $0.70, indicating a positive financial outlook.
• The company reported earnings of $2.85 per share, exceeding analyst estimates, with revenues of $613.41 million for the last quarter.

Raymond James Financial Inc. boosted its position in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 23.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 171,801 shares of the technology company's stock after purchasing an additional 32,340 shares during the quarter. Raymond James Financial Inc. owned approximately 0.70% of Littelfuse worth $33,800,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of Littelfuse by 60,177.7% during the first quarter. GAMMA Investing LLC now owns 113,322 shares of the technology company's stock valued at $22,295,000 after acquiring an additional 113,134 shares in the last quarter. BLI Banque de Luxembourg Investments purchased a new position in shares of Littelfuse in the 4th quarter worth about $16,250,000. Ameriprise Financial Inc. raised its position in shares of Littelfuse by 119.4% in the 4th quarter. Ameriprise Financial Inc. now owns 116,940 shares of the technology company's stock worth $27,557,000 after purchasing an additional 63,632 shares during the last quarter. Nuveen LLC purchased a new position in shares of Littelfuse in the 1st quarter worth about $11,619,000. Finally, Northern Trust Corp raised its position in shares of Littelfuse by 15.0% in the 4th quarter. Northern Trust Corp now owns 236,960 shares of the technology company's stock worth $55,840,000 after purchasing an additional 30,855 shares during the last quarter. Institutional investors own 96.14% of the company's stock.

Insider Buying and Selling

In other Littelfuse news, 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 value of $2,667,236.04. Following the completion of the sale, the vice president directly owned 30,727 shares in the company, valued at approximately $8,030,194.18. This trade represents a 24.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 completion of the sale, the senior vice president owned 3,427 shares of the company's stock, valued at approximately $895,920.61. This trade represents a 79.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,759 shares of company stock worth $6,697,362 in the last three months. 2.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on LFUS shares. Benchmark reiterated a "hold" rating on shares of Littelfuse in a report on Wednesday, May 28th. Wall Street Zen downgraded Littelfuse from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 23rd. Robert W. Baird boosted their price objective on Littelfuse from $182.00 to $194.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Finally, Oppenheimer cut their price objective on Littelfuse from $310.00 to $275.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $234.50.

Littelfuse Trading Down 1.6%

Shares of NASDAQ LFUS traded down $4.25 during trading hours on Friday, hitting $259.83. 163,047 shares of the company traded hands, compared to its average volume of 174,468. The stock has a market capitalization of $6.44 billion, a price-to-earnings ratio of 54.13, a price-to-earnings-growth ratio of 2.27 and a beta of 1.41. The company has a current ratio of 4.06, a quick ratio of 2.98 and a debt-to-equity ratio of 0.30. The company's 50 day moving average price is $242.46 and its 200 day moving average price is $217.51. Littelfuse, Inc. has a 12 month low of $142.10 and a 12 month high of $274.50.

Littelfuse (NASDAQ:LFUS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.85 EPS for the quarter, beating the consensus estimate of $2.35 by $0.50. The company had revenue of $613.41 million for the quarter, compared to the consensus estimate of $571.04 million. Littelfuse had a return on equity of 9.74% and a net margin of 5.30%.Littelfuse's quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.97 EPS. Littelfuse has set its Q3 2025 guidance at 2.650-2.850 EPS. On average, equities research analysts anticipate that Littelfuse, Inc. will post 9.49 earnings per share 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 paid a dividend of $0.75 per share. This is an increase from Littelfuse's previous quarterly dividend of $0.70. The ex-dividend date is Thursday, August 21st. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.2%. Littelfuse's dividend payout ratio (DPR) is currently 62.50%.

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.