Stifel Financial Corp Increases Stock Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Stifel Financial Corp grew its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 4.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,107 shares of the technology company’s stock after purchasing an additional 687 shares during the quarter. Stifel Financial Corp owned approximately 0.06% of Littelfuse worth $4,273,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in LFUS. Huntington National Bank increased its holdings in Littelfuse by 200.0% during the third quarter. Huntington National Bank now owns 96 shares of the technology company’s stock valued at $25,000 after buying an additional 64 shares during the last quarter. Truvestments Capital LLC purchased a new stake in shares of Littelfuse in the 3rd quarter worth $27,000. CWM LLC raised its holdings in Littelfuse by 410.7% in the 2nd quarter. CWM LLC now owns 143 shares of the technology company’s stock worth $37,000 after purchasing an additional 115 shares during the period. UMB Bank n.a. lifted its position in Littelfuse by 70.2% during the third quarter. UMB Bank n.a. now owns 143 shares of the technology company’s stock valued at $38,000 after purchasing an additional 59 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in Littelfuse during the third quarter valued at about $53,000. Institutional investors own 96.14% of the company’s stock.

Littelfuse Stock Down 1.0 %

Shares of NASDAQ:LFUS opened at $246.30 on Monday. The firm has a market capitalization of $6.11 billion, a PE ratio of 31.66, a price-to-earnings-growth ratio of 2.48 and a beta of 1.26. The business has a 50 day simple moving average of $251.16 and a two-hundred day simple moving average of $255.26. Littelfuse, Inc. has a 1 year low of $222.91 and a 1 year high of $275.58. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.55 and a quick ratio of 2.52.

Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.09 by $0.62. Littelfuse had a return on equity of 8.49% and a net margin of 8.88%. The company had revenue of $567.39 million during the quarter, compared to analysts’ expectations of $557.38 million. During the same quarter in the previous year, the business earned $2.97 EPS. Littelfuse’s revenue was down 6.5% compared to the same quarter last year. On average, equities analysts predict that Littelfuse, Inc. will post 8.47 EPS for the current year.

Littelfuse Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date was Thursday, November 21st. Littelfuse’s dividend payout ratio (DPR) is presently 35.99%.

Wall Street Analyst Weigh In

LFUS has been the topic of a number of analyst reports. Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a research report on Wednesday, October 30th. Robert W. Baird upped their price target on shares of Littelfuse from $300.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Oppenheimer upgraded shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price objective on the stock in a research report on Thursday, October 17th. Finally, StockNews.com raised shares of Littelfuse from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $285.00.

Littelfuse Company Profile

Littelfuse, Inc designs, manufactures, and sells electronic components, modules, and subassemblies in the Americas, Asia-Pacific, and Europe. The company operates through Electronic, Transportation, and Industrial segments. The Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, electromechanical switches and interconnect solutions, 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.