Alpine Woods Capital Investors LLC Invests $1.02 Million in Littelfuse, Inc. (LFUS)
Alpine Woods Capital Investors LLC bought a new position in Littelfuse, Inc. (NASDAQ:LFUS) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,210 shares of the technology company’s stock, valued at approximately $1,021,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of LFUS. Koch Industries Inc. bought a new position in shares of Littelfuse in the second quarter worth approximately $376,000. Principal Financial Group Inc. lifted its stake in shares of Littelfuse by 97.3% in the second quarter. Principal Financial Group Inc. now owns 451,428 shares of the technology company’s stock worth $74,486,000 after buying an additional 222,636 shares in the last quarter. Pictet Asset Management Ltd. lifted its stake in shares of Littelfuse by 66.4% in the third quarter. Pictet Asset Management Ltd. now owns 431,838 shares of the technology company’s stock worth $84,588,000 after buying an additional 172,338 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in shares of Littelfuse by 31.3% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 471,038 shares of the technology company’s stock worth $92,267,000 after buying an additional 112,360 shares in the last quarter. Finally, William Blair Investment Management LLC bought a new position in shares of Littelfuse in the second quarter worth approximately $7,451,000. Hedge funds and other institutional investors own 98.62% of the company’s stock.
Shares of Littelfuse, Inc. (NASDAQ LFUS) traded up $4.47 during trading on Wednesday, reaching $211.62. 148,100 shares of the company were exchanged, compared to its average volume of 136,496. The company has a market capitalization of $4,705.08, a P/E ratio of 27.69, a price-to-earnings-growth ratio of 1.82 and a beta of 0.93. Littelfuse, Inc. has a 12 month low of $144.01 and a 12 month high of $212.97. The company has a current ratio of 3.36, a quick ratio of 2.75 and a debt-to-equity ratio of 0.53.
Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings data on Wednesday, November 1st. The technology company reported $2.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.98 by $0.14. The company had revenue of $317.90 million for the quarter, compared to the consensus estimate of $319.20 million. Littelfuse had a net margin of 13.12% and a return on equity of 19.62%. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.87 earnings per share. equities research analysts predict that Littelfuse, Inc. will post 7.57 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Wednesday, November 22nd will be given a dividend of $0.37 per share. The ex-dividend date is Tuesday, November 21st. This represents a $1.48 dividend on an annualized basis and a yield of 0.70%. Littelfuse’s dividend payout ratio (DPR) is 21.57%.
Several brokerages have recently issued reports on LFUS. Zacks Investment Research downgraded shares of Littelfuse from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. Robert W. Baird reiterated a “buy” rating and issued a $230.00 target price on shares of Littelfuse in a research note on Friday, November 3rd. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Littelfuse in a research note on Wednesday, November 1st. CIBC reiterated a “market perform” rating on shares of Littelfuse in a research note on Friday, October 13th. Finally, UBS AG downgraded shares of Littelfuse from an “outperform” rating to a “market perform” rating in a research note on Friday, October 13th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. Littelfuse has a consensus rating of “Hold” and a consensus target price of $203.80.
Littelfuse Company Profile
Littelfuse, Inc is a supplier of circuit protection products for the electronics, automotive and industrial markets. The Company operates through three segments. The Electronics segment provides circuit protection components for overcurrent and overvoltage protection, as well as sensor components and modules to manufacturers of a range of electronic products.
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