Littelfuse, Inc. $LFUS Stock Position Raised by Boston Trust Walden Corp

Boston Trust Walden Corp increased its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 6.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 316,840 shares of the technology company’s stock after acquiring an additional 18,513 shares during the quarter. Littelfuse accounts for 1.1% of Boston Trust Walden Corp’s portfolio, making the stock its 12th largest position. Boston Trust Walden Corp’s holdings in Littelfuse were worth $134,258,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Versant Capital Management Inc increased its stake in shares of Littelfuse by 168.0% in the third quarter. Versant Capital Management Inc now owns 67 shares of the technology company’s stock worth $28,000 after purchasing an additional 42 shares in the last quarter. Caitlin John LLC bought a new stake in shares of Littelfuse during the 2nd quarter valued at $33,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Littelfuse during the 2nd quarter valued at $51,000. Root Financial Partners LLC purchased a new position in shares of Littelfuse during the 3rd quarter valued at $51,000. Finally, NBH Bank purchased a new position in shares of Littelfuse during the 2nd quarter valued at $78,000. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Littelfuse Stock Performance

LFUS opened at $386.47 on Thursday. Littelfuse, Inc. has a 52-week low of $233.36 and a 52-week high of $500.57. The company has a quick ratio of 2.01, a current ratio of 2.67 and a debt-to-equity ratio of 0.19. The company has a market cap of $9.82 billion, a P/E ratio of 25.83, a price-to-earnings-growth ratio of 1.87 and a beta of 1.50. The firm’s 50-day moving average price is $409.06 and its 200-day moving average price is $400.56.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings data on Wednesday, October 28th. The technology company reported $5.79 EPS for the quarter, beating the consensus estimate of $4.97 by $0.82. The business had revenue of $795.20 million during the quarter, compared to analysts’ expectations of $792.49 million. Littelfuse had a net margin of 1.37% and a return on equity of 15.86%. The business’s quarterly revenue was up 22.7% compared to the same quarter last year. During the same period in the previous year, the business posted $2.77 EPS. As a group, equities analysts anticipate that Littelfuse, Inc. will post 18.37 EPS for the current fiscal 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 given a dividend of $0.80 per share. The ex-dividend date is Thursday, November 19th. This represents a $3.20 dividend on an annualized basis and a yield of 0.8%. Littelfuse’s dividend payout ratio is currently 262.30%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on LFUS shares. Weiss Ratings restated a “hold (c-)” rating on shares of Littelfuse in a research note on Wednesday, October 28th. Zacks Research upgraded shares of Littelfuse from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 30th. Needham & Company LLC reissued a “buy” rating and set a $520.00 price objective on shares of Littelfuse in a report on Wednesday, October 28th. Finally, Oppenheimer restated an “outperform” rating on shares of Littelfuse in a research report on Thursday, October 29th. One research 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. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $465.83.

Insider Transactions at Littelfuse

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

Littelfuse Profile

Littelfuse, Inc is a diversified industrial technology company that develops and manufactures products designed to protect, control and sense electrical energy. Its portfolio includes fuses and other circuit-protection devices, power semiconductor products, relays, switches, sensors and related electronic components.

The company serves customers in the automotive, commercial vehicle, industrial, electronics, energy and communications markets. Its products are used in applications such as vehicle electrification, battery systems, industrial equipment, power distribution, renewable energy systems, data infrastructure and consumer electronics.