Kensington Investment Counsel LLC decreased its position in Littelfuse, Inc. (NASDAQ:LFUS – Get Rating) by 2.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,425 shares of the technology company's stock after selling 104 shares during the quarter. Kensington Investment Counsel LLC's holdings in Littelfuse were worth $1,124,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in LFUS. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Littelfuse in the 1st quarter worth about $15,738,000. Grandeur Peak Global Advisors LLC lifted its holdings in Littelfuse by 41.3% during the first quarter. Grandeur Peak Global Advisors LLC now owns 207,093 shares of the technology company's stock valued at $51,651,000 after purchasing an additional 60,528 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Littelfuse by 31.2% during the first quarter. Victory Capital Management Inc. now owns 228,493 shares of the technology company's stock valued at $56,879,000 after purchasing an additional 54,360 shares during the last quarter. Ariel Investments LLC lifted its holdings in Littelfuse by 16.5% during the first quarter. Ariel Investments LLC now owns 346,556 shares of the technology company's stock valued at $86,434,000 after purchasing an additional 49,100 shares during the last quarter. Finally, Eaton Vance Management lifted its holdings in Littelfuse by 72.1% during the fourth quarter. Eaton Vance Management now owns 93,536 shares of the technology company's stock valued at $29,297,000 after purchasing an additional 39,185 shares during the last quarter. Institutional investors own 95.45% of the company's stock.
Get Littelfuse alerts:Analyst Upgrades and Downgrades
Several research firms have commented on LFUS. Benchmark began coverage on shares of Littelfuse in a report on Wednesday. They set a "hold" rating on the stock. StockNews.com downgraded shares of Littelfuse from a "buy" rating to a "hold" rating in a report on Friday, September 2nd. Finally, Robert W. Baird decreased their price target on Littelfuse from $272.00 to $245.00 and set a "neutral" rating on the stock in a research report on Friday, September 16th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Littelfuse currently has an average rating of "Hold" and a consensus target price of $288.33.
Littelfuse Trading Down 1.0 %
Littelfuse stock traded down $2.06 during mid-day trading on Friday, hitting $200.09. The company's stock had a trading volume of 114,880 shares, compared to its average volume of 111,743. The company has a debt-to-equity ratio of 0.43, a current ratio of 4.31 and a quick ratio of 3.07. The stock has a market cap of $4.95 billion, a price-to-earnings ratio of 14.34, a price-to-earnings-growth ratio of 1.01 and a beta of 1.18. The business has a 50 day moving average price of $241.85 and a 200-day moving average price of $247.08. Littelfuse, Inc. has a 12 month low of $195.94 and a 12 month high of $334.84.Littelfuse Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 8th. Shareholders of record on Thursday, August 25th were paid a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, August 24th. This is an increase from Littelfuse's previous quarterly dividend of $0.53. This represents a $2.40 annualized dividend and a yield of 1.20%. Littelfuse's payout ratio is currently 17.20%.
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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