Lisanti Capital Growth LLC Buys 10,325 Shares of Littelfuse, Inc. $LFUS

Lisanti Capital Growth LLC purchased a new stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 10,325 shares of the technology company’s stock, valued at approximately $4,375,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Machina Capital S.A.S. purchased a new position in shares of Littelfuse during the 3rd quarter valued at about $422,000. Illinois Municipal Retirement Fund grew its stake in shares of Littelfuse by 132.8% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 5,604 shares of the technology company’s stock valued at $2,375,000 after acquiring an additional 3,197 shares during the period. Lido Advisors LLC grew its stake in shares of Littelfuse by 52.8% during the 3rd quarter. Lido Advisors LLC now owns 1,494 shares of the technology company’s stock valued at $633,000 after acquiring an additional 516 shares during the period. New York Life Investment Management LLC increased its holdings in Littelfuse by 22.6% in the 3rd quarter. New York Life Investment Management LLC now owns 3,720 shares of the technology company’s stock worth $1,576,000 after acquiring an additional 686 shares in the last quarter. Finally, M&G PLC purchased a new stake in Littelfuse in the 3rd quarter worth approximately $8,120,000. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Insider Transactions at Littelfuse

In other Littelfuse news, SVP David Ruppel sold 1,493 shares of the stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $404.57, for a total transaction of $604,023.01. Following the completion of the sale, the senior vice president directly owned 4,720 shares of the company’s stock, valued at $1,909,570.40. This trade represents a 24.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.00% of the stock is currently owned by company insiders.

Littelfuse Price Performance

Shares of Littelfuse stock opened at $397.70 on Thursday. The company has a market capitalization of $10.10 billion, a price-to-earnings ratio of 325.99, a PEG ratio of 1.74 and a beta of 1.50. The company has a quick ratio of 2.01, a current ratio of 2.67 and a debt-to-equity ratio of 0.19. The stock’s 50-day simple moving average is $405.14 and its 200-day simple moving average is $402.54. Littelfuse, Inc. has a 52 week low of $233.36 and a 52 week high of $500.57.

Littelfuse (NASDAQ:LFUS) last released its earnings results on Wednesday, October 28th. The technology company reported $5.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.97 by $0.82. The firm had revenue of $795.20 million during the quarter, compared to analysts’ expectations of $792.49 million. Littelfuse had a return on equity of 15.86% and a net margin of 1.37%. The firm’s revenue was up 22.7% on a year-over-year basis. During the same quarter last year, the business posted $2.77 earnings per share. As a group, analysts expect that Littelfuse, Inc. will post 18.37 earnings per share for the current fiscal year.

Littelfuse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 19th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 0.8%. The ex-dividend date is Thursday, November 19th. Littelfuse’s dividend payout ratio is presently 262.30%.

Analysts Set New Price Targets

A number of research firms have commented on LFUS. Weiss Ratings restated a “hold (c-)” rating on shares of Littelfuse in a research note on Wednesday, October 28th. Zacks Research upgraded shares of Littelfuse from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 30th. Jefferies Financial Group assumed coverage on shares of Littelfuse in a research note on Wednesday. They issued a “buy” rating and a $471.00 price objective for the company. Oppenheimer reissued an “outperform” rating on shares of Littelfuse in a research note on Thursday, October 29th. Finally, Needham & Company LLC restated a “buy” rating and set a $520.00 price objective on shares of Littelfuse in a research report on Wednesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Littelfuse currently has a consensus rating of “Buy” and a consensus price target of $466.57.

About Littelfuse

Littelfuse, Inc. is a global manufacturer of products that help protect and control electrical systems. Its offerings include fuses and other circuit-protection components, power-control devices, sensors, and electronic components used in a range of applications. The company serves customers in markets including automotive, industrial, commercial vehicles, and electronics. Its products are used to protect equipment from electrical faults, manage power, and monitor conditions in systems and devices.