Envestnet Asset Management Inc. Has $1.29 Million Holdings in Littelfuse, Inc. (LFUS)
Envestnet Asset Management Inc. boosted its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 4.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,586 shares of the technology company’s stock after purchasing an additional 293 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Littelfuse were worth $1,287,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of LFUS. BlackRock Inc. grew its position in shares of Littelfuse by 0.6% in the 2nd quarter. BlackRock Inc. now owns 2,267,726 shares of the technology company’s stock worth $374,174,000 after acquiring an additional 13,076 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Littelfuse by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 1,878,924 shares of the technology company’s stock worth $310,023,000 after acquiring an additional 31,326 shares in the last quarter. State Street Corp grew its position in shares of Littelfuse by 4.5% in the 2nd quarter. State Street Corp now owns 744,774 shares of the technology company’s stock worth $122,894,000 after acquiring an additional 31,905 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Littelfuse by 18.8% in the 3rd quarter. Wells Fargo & Company MN now owns 704,892 shares of the technology company’s stock worth $138,074,000 after acquiring an additional 111,483 shares in the last quarter. Finally, Earnest Partners LLC grew its position in shares of Littelfuse by 1.2% in the 2nd quarter. Earnest Partners LLC now owns 586,957 shares of the technology company’s stock worth $96,848,000 after acquiring an additional 6,802 shares in the last quarter. Institutional investors own 99.17% of the company’s stock.
Several research analysts have recently commented on LFUS shares. Zacks Investment Research lowered Littelfuse from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Stifel Nicolaus restated a “hold” rating and set a $180.00 price objective on shares of Littelfuse in a research report on Tuesday, September 12th. Robert W. Baird restated a “buy” rating and set a $230.00 price objective on shares of Littelfuse in a research report on Friday, November 3rd. Finally, CIBC restated a “market perform” rating on shares of Littelfuse in a research report on Friday, October 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $211.25.
Littelfuse (NASDAQ:LFUS) last released its quarterly earnings data on Wednesday, November 1st. The technology company reported $2.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.98 by $0.14. Littelfuse had a return on equity of 19.62% and a net margin of 13.12%. The business had revenue of $317.90 million during the quarter, compared to analyst estimates of $319.20 million. During the same quarter in the previous year, the firm posted $1.87 EPS. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. equities analysts forecast that Littelfuse, Inc. will post 7.57 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 7th. Investors of record on Wednesday, November 22nd were given a dividend of $0.37 per share. The ex-dividend date was Tuesday, November 21st. This represents a $1.48 dividend on an annualized basis and a yield of 0.74%. Littelfuse’s dividend payout ratio is currently 21.57%.
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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