AGF Investments Inc. Has $12.27 Million Position in Littelfuse, Inc. (LFUS)
AGF Investments Inc. reduced its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 33.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 62,015 shares of the technology company’s stock after selling 30,966 shares during the quarter. AGF Investments Inc.’s holdings in Littelfuse were worth $12,268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also bought and sold shares of LFUS. Turner Investments LLC acquired a new stake in Littelfuse in the 3rd quarter valued at approximately $147,000. Advisor Group Inc. increased its position in 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 acquiring an additional 54 shares during the period. Royal Bank of Canada increased its position in 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 acquiring an additional 458 shares during the period. Intrust Bank NA acquired a new stake in Littelfuse in the 3rd quarter valued at approximately $204,000. Finally, Coldstream Capital Management Inc. acquired a new position in shares of Littelfuse during the 3rd quarter valued at $204,000. Hedge funds and other institutional investors own 98.72% of the company’s stock.
Littelfuse, Inc. (LFUS) opened at $198.52 on Wednesday. Littelfuse, Inc. has a 1 year low of $149.81 and a 1 year high of $226.33. The stock has a market capitalization of $4,530.95, a price-to-earnings ratio of 38.25, a PEG ratio of 1.95 and a beta of 0.97. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.90 and a current ratio of 3.52.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 22nd will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend is Wednesday, February 21st. Littelfuse’s payout ratio is 28.52%.
Several equities analysts have recently issued reports on the company. BidaskClub cut Littelfuse from a “buy” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research cut Littelfuse from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Oppenheimer reiterated a “hold” rating on shares of Littelfuse in a research report on Wednesday, November 1st. Finally, Robert W. Baird reiterated a “buy” rating and set a $230.00 price target on shares of Littelfuse in a research report on Friday, November 3rd. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $211.25.
In related news, SVP Ian Highley sold 9,378 shares of Littelfuse stock in a transaction on Monday, February 5th. The stock was sold at an average price of $212.50, for a total value of $1,992,825.00. Following the transaction, the senior vice president now directly owns 4,121 shares in the company, valued at approximately $875,712.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.80% of the company’s stock.
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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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