Eagle Asset Management Inc. lowered its position in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 1.9% during the second quarter, HoldingsChannel reports. The fund owned 61,590 shares of the technology company’s stock after selling 1,221 shares during the quarter. Eagle Asset Management Inc.’s holdings in Littelfuse were worth $15,692,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of LFUS. Impax Asset Management Group plc increased its stake in shares of Littelfuse by 9.3% in the second quarter. Impax Asset Management Group plc now owns 735,500 shares of the technology company’s stock valued at $186,502,000 after buying an additional 62,301 shares during the period. EAM Investors LLC purchased a new stake in shares of Littelfuse during the 1st quarter valued at $1,728,000. Summit Creek Advisors LLC increased its position in shares of Littelfuse by 6.7% during the 2nd quarter. Summit Creek Advisors LLC now owns 101,103 shares of the technology company’s stock valued at $25,760,000 after purchasing an additional 6,390 shares during the last quarter. Wintrust Investments LLC purchased a new stake in shares of Littelfuse during the 1st quarter valued at $313,000. Finally, Goldman Sachs Group Inc. increased its holdings in Littelfuse by 5.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 47,472 shares of the technology company’s stock worth $12,553,000 after acquiring an additional 2,419 shares during the last quarter. 93.41% of the stock is owned by institutional investors and hedge funds.
Shares of Littelfuse stock opened at $272.79 on Thursday. The company’s fifty day simple moving average is $268.30 and its two-hundred day simple moving average is $263.12. Littelfuse, Inc. has a 12-month low of $165.45 and a 12-month high of $289.99. The company has a quick ratio of 2.60, a current ratio of 3.46 and a debt-to-equity ratio of 0.36. The firm has a market cap of $6.72 billion, a PE ratio of 26.59, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 2nd. Shareholders of record on Thursday, August 19th were paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 0.78%. This is an increase from Littelfuse’s previous quarterly dividend of $0.48. The ex-dividend date was Wednesday, August 18th. Littelfuse’s dividend payout ratio (DPR) is currently 33.13%.
In other news, Director Nathan Zommer sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, September 1st. The stock was sold at an average price of $282.44, for a total transaction of $706,100.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Jeffrey G. Gorski sold 450 shares of the firm’s stock in a transaction dated Friday, August 6th. The shares were sold at an average price of $263.25, for a total value of $118,462.50. Following the transaction, the chief accounting officer now owns 2,474 shares of the company’s stock, valued at approximately $651,280.50. The disclosure for this sale can be found here. Insiders have sold a total of 11,050 shares of company stock worth $2,993,835 over the last three months. Insiders own 2.70% of the company’s stock.
A number of analysts recently commented on LFUS shares. Zacks Investment Research upgraded shares of Littelfuse from a “hold” rating to a “buy” rating and set a $283.00 price target on the stock in a research note on Tuesday, July 13th. Robert W. Baird restated a “buy” rating and set a $315.00 price target on shares of Littelfuse in a research note on Wednesday, September 15th.
Littelfuse, Inc engages in the manufacture of technologies in circuit protection, power control and sensing. It operates through the following segments: Electronics, Automotive, and Industrial. The Electronics segment includes the broadest and deepest portfolio of overvoltage and overcurrent solutions.
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