Barclays PLC Grows Stock Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Barclays PLC boosted its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 52.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,448 shares of the technology company’s stock after purchasing an additional 3,949 shares during the quarter. Barclays PLC’s holdings in Littelfuse were worth $3,037,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of LFUS. State Street Corp increased its holdings in shares of Littelfuse by 3.4% in the 3rd quarter. State Street Corp now owns 747,082 shares of the technology company’s stock valued at $198,164,000 after acquiring an additional 24,571 shares during the period. Victory Capital Management Inc. raised its stake in shares of Littelfuse by 2.0% during the 3rd quarter. Victory Capital Management Inc. now owns 511,623 shares of the technology company’s stock worth $135,708,000 after buying an additional 10,119 shares in the last quarter. Earnest Partners LLC lifted its stake in shares of Littelfuse by 2.4% in the second quarter. Earnest Partners LLC now owns 444,654 shares of the technology company’s stock valued at $113,649,000 after purchasing an additional 10,406 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Littelfuse by 13.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 419,586 shares of the technology company’s stock worth $107,244,000 after acquiring an additional 49,588 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Littelfuse by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 303,947 shares of the technology company’s stock valued at $80,622,000 after buying an additional 8,195 shares in the last quarter. 96.14% of the stock is owned by hedge funds and other institutional investors.

Littelfuse Stock Performance

Shares of LFUS opened at $236.73 on Tuesday. The company has a market cap of $5.87 billion, a price-to-earnings ratio of 30.43, a price-to-earnings-growth ratio of 2.48 and a beta of 1.27. The firm has a fifty day moving average of $248.89 and a 200-day moving average of $254.67. 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 quick ratio of 2.52 and a current ratio of 3.55.

Littelfuse (NASDAQ:LFUS) last announced its earnings results on Tuesday, October 29th. The technology company reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.62. The firm had revenue of $567.39 million for the quarter, compared to the consensus estimate of $557.38 million. Littelfuse had a return on equity of 8.49% and a net margin of 8.88%. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.97 EPS. As a group, equities analysts anticipate that Littelfuse, Inc. will post 8.47 earnings per share for the current year.

Littelfuse Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were given a $0.70 dividend. The ex-dividend date was Thursday, November 21st. This represents a $2.80 dividend on an annualized basis and a yield of 1.18%. Littelfuse’s dividend payout ratio (DPR) is 35.99%.

Insider Activity

In related news, CAO Jeffrey G. Gorski sold 700 shares of Littelfuse stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $249.02, for a total value of $174,314.00. Following the transaction, the chief accounting officer now owns 3,105 shares of the company’s stock, valued at approximately $773,207.10. This trade represents a 18.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Robert W. Baird lifted their price objective on Littelfuse from $300.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Oppenheimer raised 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. StockNews.com upgraded Littelfuse from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Finally, Benchmark reissued a “hold” rating on shares of Littelfuse in a report on Wednesday, October 30th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $285.00.

Littelfuse 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.