Prudential Financial Inc. Has $3.55 Million Stake in Littelfuse, Inc. (LFUS)
Prudential Financial Inc. increased its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 1.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,107 shares of the technology company’s stock after acquiring an additional 340 shares during the quarter. Prudential Financial Inc. owned approximately 0.08% of Littelfuse worth $3,546,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Bank of Montreal Can lifted its position in shares of Littelfuse by 15.1% during the 2nd quarter. Bank of Montreal Can now owns 649 shares of the technology company’s stock worth $107,000 after purchasing an additional 85 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in Littelfuse by 16.3% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 677 shares of the technology company’s stock valued at $112,000 after acquiring an additional 95 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Littelfuse by 8.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 900 shares of the technology company’s stock valued at $149,000 after purchasing an additional 72 shares during the period. Advisor Group Inc. grew its stake in shares of Littelfuse by 4.6% in the 2nd quarter. Advisor Group Inc. now owns 1,225 shares of the technology company’s stock valued at $187,000 after purchasing an additional 54 shares during the period. Finally, Royal Bank of Canada grew its stake in shares of Littelfuse by 63.6% in the 2nd quarter. Royal Bank of Canada now owns 1,178 shares of the technology company’s stock valued at $194,000 after purchasing an additional 458 shares during the period. Institutional investors and hedge funds own 99.14% of the company’s stock.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research lowered Littelfuse from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Robert W. Baird reiterated a “buy” rating and issued a $202.00 price objective on shares of Littelfuse in a research note on Thursday, October 12th. Stifel Nicolaus restated a “hold” rating and set a $185.00 price target on shares of Littelfuse in a research report on Friday, October 6th. CIBC restated a “market perform” rating on shares of Littelfuse in a research report on Friday, October 13th. Finally, Oppenheimer lowered Littelfuse from an “outperform” rating to a “market perform” rating in a research report on Friday, October 13th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $211.25.
Littelfuse (NASDAQ:LFUS) last released its earnings results on Wednesday, November 1st. The technology company reported $2.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.98 by $0.14. Littelfuse had a net margin of 13.12% and a return on equity of 19.62%. The company had revenue of $317.90 million for the quarter, compared to analyst estimates of $319.20 million. During the same quarter last year, the firm earned $1.87 EPS. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. analysts forecast that Littelfuse, Inc. will post 7.57 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Wednesday, November 22nd will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Tuesday, November 21st. Littelfuse’s dividend payout ratio is currently 21.57%.
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Littelfuse, Inc is a supplier of circuit protection products for the electronics, automotive and industrial markets. The Company operates through three segments. The Electronics segment provides circuit protection components for overcurrent and overvoltage protection, as well as sensor components and modules to manufacturers of a range of electronic products.
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