Moody National Bank Trust Division lessened its position in Littelfuse, Inc. (NASDAQ:LFUS – Free Report) by 34.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,848 shares of the technology company’s stock after selling 2,526 shares during the period. Moody National Bank Trust Division’s holdings in Littelfuse were worth $2,054,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc raised its holdings in Littelfuse by 168.0% in the 3rd quarter. Versant Capital Management Inc now owns 67 shares of the technology company’s stock worth $28,000 after acquiring an additional 42 shares during the last quarter. QRG Capital Management Inc. bought a new stake in shares of Littelfuse in the 2nd quarter worth $230,000. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Littelfuse in the second quarter worth $234,000. Engineers Gate Manager LP bought a new position in shares of Littelfuse during the second quarter valued at $35,113,000. Finally, Baird Financial Group Inc. boosted its position in shares of Littelfuse by 491.7% during the second quarter. Baird Financial Group Inc. now owns 50,679 shares of the technology company’s stock valued at $23,076,000 after buying an additional 42,114 shares during the last quarter. Hedge funds and other institutional investors own 96.14% of the company’s stock.
Littelfuse Stock Performance
Shares of LFUS stock traded up $2.86 on Tuesday, reaching $454.28. The stock had a trading volume of 182,137 shares, compared to its average volume of 290,025. The stock has a market cap of $11.54 billion, a P/E ratio of -908.54, a price-to-earnings-growth ratio of 2.41 and a beta of 1.48. Littelfuse, Inc. has a 1 year low of $233.36 and a 1 year high of $500.57. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.00 and a current ratio of 2.76. The company has a 50 day simple moving average of $427.04 and a 200 day simple moving average of $421.34.
Littelfuse Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Thursday, August 20th. This is an increase from Littelfuse’s previous quarterly dividend of $0.75. Littelfuse’s payout ratio is currently -640.00%.
Analyst Ratings Changes
Several equities research analysts recently commented on LFUS shares. Weiss Ratings upgraded Littelfuse from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 30th. Zacks Research downgraded shares of Littelfuse from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Littelfuse presently has a consensus rating of “Moderate Buy” and an average price target of $465.83.
Check Out Our Latest Report on LFUS
Littelfuse Company 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 circuit-protection devices, power semiconductor products, relays, switches, sensors and power-distribution components.
The company serves customers in the automotive, commercial vehicle, industrial, electronics and communications markets. Its products are used in applications ranging from vehicle electrification and battery systems to factory automation, renewable energy, consumer electronics and electrical infrastructure.
Founded in 1927, Littelfuse has expanded from its early focus on circuit protection into a global supplier of electrical and electronic components.
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