Brown Advisory Inc. Has $88.41 Million Stock Position in Littelfuse, Inc. (NASDAQ:LFUS)

Brown Advisory Inc. increased its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUSGet Rating) by 3.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 354,013 shares of the technology company’s stock after acquiring an additional 11,828 shares during the quarter. Brown Advisory Inc. owned about 1.43% of Littelfuse worth $88,413,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in LFUS. Jennison Associates LLC lifted its position in shares of Littelfuse by 17.7% during the 4th quarter. Jennison Associates LLC now owns 413,469 shares of the technology company’s stock valued at $130,110,000 after acquiring an additional 62,205 shares during the period. Victory Capital Management Inc. lifted its position in shares of Littelfuse by 31.2% during the 1st quarter. Victory Capital Management Inc. now owns 228,493 shares of the technology company’s stock valued at $56,879,000 after acquiring an additional 54,360 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Littelfuse by 7.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 601,340 shares of the technology company’s stock valued at $189,229,000 after acquiring an additional 40,056 shares during the period. Eaton Vance Management lifted its position in shares of Littelfuse by 72.1% during the 4th quarter. Eaton Vance Management now owns 93,536 shares of the technology company’s stock valued at $29,297,000 after acquiring an additional 39,185 shares during the period. Finally, Invesco Ltd. lifted its position in shares of Littelfuse by 4.4% during the 4th quarter. Invesco Ltd. now owns 771,396 shares of the technology company’s stock valued at $242,742,000 after acquiring an additional 32,613 shares during the period. 95.22% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Deepak Nayar sold 4,873 shares of the stock in a transaction dated Monday, May 9th. The stock was sold at an average price of $255.26, for a total value of $1,243,881.98. Following the completion of the sale, the senior vice president now owns 8,077 shares of the company’s stock, valued at $2,061,735.02. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, SVP Deepak Nayar sold 4,873 shares of the firm’s stock in a transaction that occurred on Monday, May 9th. The stock was sold at an average price of $255.26, for a total transaction of $1,243,881.98. Following the completion of the sale, the senior vice president now owns 8,077 shares of the company’s stock, valued at $2,061,735.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gordon Hunter sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of $269.32, for a total value of $538,640.00. Following the sale, the director now directly owns 24,122 shares of the company’s stock, valued at approximately $6,496,537.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,947 shares of company stock valued at $2,361,168. Company insiders own 2.40% of the company’s stock.

Wall Street Analysts Forecast Growth

LFUS has been the subject of a number of recent analyst reports. StockNews.com downgraded Littelfuse from a “buy” rating to a “hold” rating in a research report on Thursday. Robert W. Baird downgraded Littelfuse from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $289.00 to $269.00 in a research report on Wednesday, July 6th.

Littelfuse Price Performance

Shares of LFUS opened at $254.00 on Friday. Littelfuse, Inc. has a 12-month low of $223.31 and a 12-month high of $334.84. The business has a 50-day simple moving average of $256.54 and a two-hundred day simple moving average of $253.26. The company has a quick ratio of 2.32, a current ratio of 4.31 and a debt-to-equity ratio of 0.43. The stock has a market cap of $6.29 billion, a PE ratio of 18.21, a PEG ratio of 1.29 and a beta of 1.15.

Littelfuse (NASDAQ:LFUSGet Rating) last issued its earnings results on Tuesday, May 3rd. The technology company reported $4.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.24 by $1.75. The business had revenue of $623.30 million during the quarter, compared to analysts’ expectations of $573.74 million. Littelfuse had a return on equity of 21.03% and a net margin of 14.93%. The business’s revenue for the quarter was up 34.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.67 EPS. Analysts anticipate that Littelfuse, Inc. will post 16.64 earnings per share for the current fiscal year.

Littelfuse Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Stockholders of record on Thursday, August 25th will be paid a $0.60 dividend. This is a boost from Littelfuse’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Wednesday, August 24th. This represents a $2.40 annualized dividend and a dividend yield of 0.94%. Littelfuse’s dividend payout ratio is presently 15.20%.

About Littelfuse

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Littelfuse, Inc manufactures and sells circuit protection, power control, and sensing products in the Asia-Pacific, the Americas, and Europe. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, reed switch based magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, metal-oxide-semiconductor field-effect transistors and diodes, and insulated gate bipolar transistors.

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Institutional Ownership by Quarter for Littelfuse (NASDAQ:LFUS)

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