M&G PLC Acquires 19,152 Shares of Littelfuse, Inc. $LFUS

M&G PLC acquired a new position in shares of Littelfuse, Inc. (NASDAQ:LFUS) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 19,152 shares of the technology company’s stock, valued at approximately $8,120,000.

A number of other institutional investors also recently bought and sold shares of LFUS. Chicago Partners Investment Group LLC increased its position in shares of Littelfuse by 2.6% in the third quarter. Chicago Partners Investment Group LLC now owns 1,008 shares of the technology company’s stock valued at $354,000 after buying an additional 26 shares in the last quarter. North Dakota State Investment Board raised its stake in shares of Littelfuse by 4.2% during the 3rd quarter. North Dakota State Investment Board now owns 761 shares of the technology company’s stock worth $322,000 after buying an additional 31 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Littelfuse by 0.6% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 5,262 shares of the technology company’s stock worth $2,230,000 after buying an additional 32 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of Littelfuse by 6.0% during the 1st quarter. Parallel Advisors LLC now owns 597 shares of the technology company’s stock worth $203,000 after buying an additional 34 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its position in shares of Littelfuse by 3.8% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 923 shares of the technology company’s stock worth $391,000 after buying an additional 34 shares in the last quarter. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Zacks Research raised shares of Littelfuse from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 30th. Oppenheimer restated an “outperform” rating on shares of Littelfuse in a report on Thursday, October 29th. Weiss Ratings restated a “hold (c-)” rating on shares of Littelfuse in a research report on Wednesday, October 28th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $520.00 price target on shares of Littelfuse in a report on Wednesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Littelfuse has a consensus rating of “Buy” and an average target price of $465.83.

Insider Buying and Selling at Littelfuse

In other news, SVP David Ruppel sold 1,493 shares of the firm’s stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $404.57, for a total transaction of $604,023.01. Following the sale, the senior vice president owned 4,720 shares in the company, valued at $1,909,570.40. This trade represents a 24.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is currently owned by corporate insiders.

Littelfuse Stock Performance

NASDAQ:LFUS opened at $383.37 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.67 and a quick ratio of 2.01. The firm has a market cap of $9.74 billion, a PE ratio of 24.13, a P/E/G ratio of 1.75 and a beta of 1.50. The firm has a 50 day simple moving average of $405.37 and a 200-day simple moving average of $402.00. Littelfuse, Inc. has a 1-year low of $233.36 and a 1-year high of $500.57.

Littelfuse (NASDAQ:LFUS) last announced its earnings results on Wednesday, October 28th. The technology company reported $5.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.97 by $0.82. The firm had revenue of $795.20 million for the quarter, compared to analyst estimates of $792.49 million. Littelfuse had a net margin of 1.37% and a return on equity of 15.86%. Littelfuse’s revenue was up 22.7% compared to the same quarter last year. During the same quarter last year, the business earned $2.77 earnings per share. On average, equities analysts expect that Littelfuse, Inc. will post 18.37 EPS for the current year.

Littelfuse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 19th will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, November 19th. Littelfuse’s dividend payout ratio is currently 262.30%.

Littelfuse Profile

Littelfuse, Inc. is a global manufacturer of products that help protect and control electrical systems. Its offerings include fuses and other circuit-protection components, power-control devices, sensors, and electronic components used in a range of applications. The company serves customers in markets including automotive, industrial, commercial vehicles, and electronics. Its products are used to protect equipment from electrical faults, manage power, and monitor conditions in systems and devices.