M&G PLC Purchases 19,152 Shares of Littelfuse, Inc. $LFUS

M&G PLC purchased a new stake in Littelfuse, Inc. (NASDAQ:LFUS) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 19,152 shares of the technology company’s stock, valued at approximately $8,120,000. M&G PLC owned about 0.08% of Littelfuse at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in Littelfuse in the 2nd quarter valued at $1,148,821,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Littelfuse during the 2nd quarter worth $185,057,000. William Blair Investment Management LLC purchased a new position in Littelfuse during the 2nd quarter worth $146,471,000. Bank of America Corp DE purchased a new position in Littelfuse during the 2nd quarter worth $115,306,000. Finally, Jupiter Topco LLC acquired a new position in Littelfuse in the second quarter valued at $94,552,000. Institutional investors and hedge funds own 96.14% of the company’s stock.

Insider Buying and Selling

In related news, SVP David Ruppel sold 1,493 shares of the business’s 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 owned 4,720 shares of the company’s stock, valued at approximately $1,909,570.40. The trade was a 24.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.00% of the company’s stock.

Littelfuse Price Performance

Littelfuse stock opened at $383.37 on Wednesday. Littelfuse, Inc. has a one year low of $233.36 and a one year high of $500.57. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.01 and a current ratio of 2.67. The business has a fifty day moving average of $405.37 and a two-hundred day moving average of $402.00. The company has a market cap of $9.74 billion, a P/E ratio of 24.13, a price-to-earnings-growth ratio of 1.75 and a beta of 1.50.

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

Littelfuse Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Littelfuse in a report on Wednesday, October 28th. Needham & Company LLC reissued a “buy” rating and set a $520.00 price target on shares of Littelfuse in a report on Wednesday, October 28th. Oppenheimer reissued an “outperform” rating on shares of Littelfuse in a report on Thursday, October 29th. Finally, Zacks Research upgraded Littelfuse from a “hold” rating to a “strong-buy” rating in a research 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. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $465.83.

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.