Tributary Capital Management LLC Boosts Position in Littelfuse, Inc. (NASDAQ:LFUS)

Tributary Capital Management LLC increased its position in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 13.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 97,938 shares of the technology company’s stock after purchasing an additional 11,266 shares during the period. Tributary Capital Management LLC owned approximately 0.40% of Littelfuse worth $17,872,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LFUS. Norges Bank acquired a new position in Littelfuse in the 4th quarter valued at $45,583,000. Principal Financial Group Inc. raised its holdings in Littelfuse by 20.3% in the 4th quarter. Principal Financial Group Inc. now owns 781,653 shares of the technology company’s stock valued at $134,038,000 after acquiring an additional 132,138 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in Littelfuse by 60.6% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 288,050 shares of the technology company’s stock valued at $49,395,000 after acquiring an additional 108,670 shares in the last quarter. Mairs & Power INC raised its holdings in Littelfuse by 61.4% in the 4th quarter. Mairs & Power INC now owns 272,503 shares of the technology company’s stock valued at $46,729,000 after acquiring an additional 103,614 shares in the last quarter. Finally, Eaton Vance Management acquired a new position in Littelfuse in the 4th quarter valued at $17,090,000. 99.24% of the stock is owned by hedge funds and other institutional investors.

In related news, SVP Ian Highley sold 1,000 shares of the business’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $195.98, for a total transaction of $195,980.00. Following the sale, the senior vice president now owns 3,701 shares in the company, valued at approximately $725,321.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Deepak Nayar sold 3,947 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $187.74, for a total value of $741,009.78. Following the sale, the senior vice president now owns 3,502 shares in the company, valued at approximately $657,465.48. The disclosure for this sale can be found here. Insiders have sold a total of 13,747 shares of company stock worth $2,689,372 in the last 90 days. 3.50% of the stock is currently owned by corporate insiders.

Several equities analysts have weighed in on the company. Zacks Investment Research raised Littelfuse from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Longbow Research cut Littelfuse from a “buy” rating to a “neutral” rating in a report on Wednesday, April 17th. Oppenheimer decreased their price target on Littelfuse from $215.00 to $210.00 and set an “outperform” rating on the stock in a research note on Thursday, May 2nd. Barrington Research reiterated a “hold” rating on shares of Littelfuse in a research note on Tuesday, January 29th. Finally, BidaskClub upgraded Littelfuse from a “sell” rating to a “hold” rating in a research note on Friday, January 11th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Littelfuse currently has a consensus rating of “Hold” and a consensus target price of $226.00.

Shares of LFUS opened at $178.66 on Friday. Littelfuse, Inc. has a 52-week low of $155.15 and a 52-week high of $238.10. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.85 and a current ratio of 3.82. The firm has a market capitalization of $4.85 billion, a PE ratio of 18.93, a price-to-earnings-growth ratio of 1.83 and a beta of 0.94.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings results on Wednesday, May 1st. The technology company reported $1.96 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.92 by $0.04. Littelfuse had a return on equity of 15.27% and a net margin of 9.70%. The company had revenue of $405.50 million for the quarter, compared to analyst estimates of $407.53 million. During the same quarter last year, the company posted $2.39 EPS. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. Equities research analysts expect that Littelfuse, Inc. will post 8.95 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 23rd will be given a dividend of $0.43 per share. The ex-dividend date is Wednesday, May 22nd. This represents a $1.72 dividend on an annualized basis and a yield of 0.96%. Littelfuse’s dividend payout ratio is currently 18.22%.

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About Littelfuse

Littelfuse, Inc designs, manufactures, and sells circuit protection, power control, and sensing products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, silicon carbide, metal-oxide-semiconductor field-effect transistors, and silicon carbide diodes, as well as insulated gate bipolar transistors.

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Institutional Ownership by Quarter for Littelfuse (NASDAQ:LFUS)

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