Boston Trust Walden Corp Acquires 18,513 Shares of Littelfuse, Inc. $LFUS

Boston Trust Walden Corp lifted its position in Littelfuse, Inc. (NASDAQ:LFUS) by 6.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 316,840 shares of the technology company’s stock after purchasing an additional 18,513 shares during the quarter. Littelfuse comprises approximately 1.1% of Boston Trust Walden Corp’s portfolio, making the stock its 12th largest holding. Boston Trust Walden Corp owned approximately 1.25% of Littelfuse worth $134,258,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Chicago Partners Investment Group LLC increased its position in shares of Littelfuse by 2.6% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,008 shares of the technology company’s stock valued at $354,000 after purchasing an additional 26 shares during the last quarter. Provenance Wealth Advisors LLC purchased a new position in shares of Littelfuse during the 3rd quarter valued at about $352,000. Oregon Public Employees Retirement Fund lifted its position in Littelfuse by 0.6% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 5,262 shares of the technology company’s stock worth $2,230,000 after buying an additional 32 shares during the last quarter. Vise Technologies Inc. boosted its stake in Littelfuse by 89.0% in the third quarter. Vise Technologies Inc. now owns 3,970 shares of the technology company’s stock worth $1,682,000 after buying an additional 1,869 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al boosted its stake in Littelfuse by 66.7% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 4,600 shares of the technology company’s stock worth $1,949,000 after buying an additional 1,840 shares in the last quarter. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Analyst Upgrades and Downgrades

LFUS has been the subject of several analyst reports. Oppenheimer restated an “outperform” rating on shares of Littelfuse in a research report on Thursday, October 29th. Needham & Company LLC reissued a “buy” rating and issued a $520.00 target price on shares of Littelfuse in a research note on Wednesday, October 28th. Weiss Ratings reissued a “hold (c-)” rating on shares of Littelfuse in a research note on Wednesday, October 28th. Finally, Zacks Research upgraded Littelfuse from a “hold” rating to a “strong-buy” rating in a report on Friday, October 30th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $465.83.

Insider Activity

In related news, SVP David Ruppel sold 1,493 shares of the stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $404.57, for a total transaction of $604,023.01. Following the sale, the senior vice president directly owned 4,720 shares of the company’s stock, valued at approximately $1,909,570.40. This represents a 24.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Littelfuse Stock Performance

Shares of LFUS stock opened at $386.47 on Thursday. The company’s fifty day moving average price is $409.06 and its 200-day moving average price is $400.56. The stock has a market cap of $9.82 billion, a PE ratio of 25.83, a price-to-earnings-growth ratio of 1.87 and a beta of 1.50. The company has a current ratio of 2.67, a quick ratio of 2.01 and a debt-to-equity ratio of 0.19. Littelfuse, Inc. has a 12 month low of $233.36 and a 12 month high of $500.57.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings data on Wednesday, October 28th. The technology company reported $5.79 earnings per share for the quarter, topping analysts’ consensus estimates of $4.97 by $0.82. Littelfuse had a net margin of 1.37% and a return on equity of 15.86%. The business had revenue of $795.20 million for the quarter, compared to analysts’ expectations of $792.49 million. During the same quarter in the prior year, the company earned $2.77 earnings per share. The business’s revenue was up 22.7% compared to the same quarter last year. On average, equities analysts expect that Littelfuse, Inc. will post 18.37 EPS for the current fiscal year.

Littelfuse Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, November 19th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, November 19th. Littelfuse’s dividend payout ratio is currently 262.30%.

Littelfuse 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 other circuit-protection devices, power semiconductor products, relays, switches, sensors and related electronic components.

The company serves customers in the automotive, commercial vehicle, industrial, electronics, energy and communications markets. Its products are used in applications such as vehicle electrification, battery systems, industrial equipment, power distribution, renewable energy systems, data infrastructure and consumer electronics.