Littelfuse, Inc. (LFUS) Stake Increased by Connable Office Inc.

Connable Office Inc. lifted its position in Littelfuse, Inc. (NASDAQ:LFUS) by 3.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,036 shares of the technology company’s stock after acquiring an additional 68 shares during the quarter. Connable Office Inc.’s holdings in Littelfuse were worth $372,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LFUS. Private Capital Group LLC grew its stake in shares of Littelfuse by 78.4% in the 4th quarter. Private Capital Group LLC now owns 157 shares of the technology company’s stock worth $27,000 after acquiring an additional 69 shares in the last quarter. Quantamental Technologies LLC bought a new stake in shares of Littelfuse in the 1st quarter worth $33,000. Doyle Wealth Management bought a new stake in shares of Littelfuse in the 4th quarter worth $34,000. Enlightenment Research LLC bought a new stake in shares of Littelfuse in the 4th quarter worth $51,000. Finally, Ellis Investment Partners LLC bought a new stake in shares of Littelfuse in the 1st quarter worth $61,000. Hedge funds and other institutional investors own 99.49% of the company’s stock.

Several equities analysts recently weighed in on LFUS shares. Longbow Research lowered shares of Littelfuse from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 17th. Oppenheimer reduced their price target on shares of Littelfuse from $215.00 to $210.00 and set an “outperform” rating for the company in a research report on Thursday, May 2nd. Zacks Investment Research upgraded shares of Littelfuse from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Barrington Research restated a “hold” rating on shares of Littelfuse in a research report on Tuesday, January 29th. Finally, BidaskClub lowered shares of Littelfuse from a “hold” rating to a “sell” rating in a research report on Tuesday, May 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $226.00.

In other Littelfuse news, Director Nathan Zommer sold 7,500 shares of the company’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $200.00, for a total transaction of $1,500,000.00. Following the sale, the director now directly owns 393,286 shares of the company’s stock, valued at $78,657,200. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Deepak Nayar sold 3,947 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $187.74, for a total transaction of $741,009.78. Following the sale, the senior vice president now directly owns 3,502 shares in the company, valued at $657,465.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,747 shares of company stock worth $2,689,372. Insiders own 3.50% of the company’s stock.

LFUS opened at $169.76 on Friday. The stock has a market cap of $4.20 billion, a P/E ratio of 18.86, a P/E/G ratio of 1.62 and a beta of 0.94. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.82 and a quick ratio of 2.85. Littelfuse, Inc. has a fifty-two week low of $155.15 and a fifty-two week high of $238.10.

Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings results on Wednesday, May 1st. The technology company reported $1.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.92 by $0.04. The company had revenue of $405.50 million during the quarter, compared to analyst estimates of $407.53 million. Littelfuse had a net margin of 9.70% and a return on equity of 15.27%. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.39 earnings per share. Analysts predict that Littelfuse, Inc. will post 8.71 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 23rd will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 1.01%. The ex-dividend date is Wednesday, May 22nd. Littelfuse’s dividend payout ratio (DPR) is presently 18.22%.

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Littelfuse Profile

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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