Barclays PLC Purchases 3,949 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Barclays PLC lifted its holdings in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 52.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,448 shares of the technology company's stock after purchasing an additional 3,949 shares during the quarter. Barclays PLC's holdings in Littelfuse were worth $3,037,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Littelfuse during the 2nd quarter worth $46,037,000. Victory Capital Management Inc. increased its position in Littelfuse by 13.2% in the second quarter. Victory Capital Management Inc. now owns 501,504 shares of the technology company's stock worth $128,179,000 after buying an additional 58,529 shares in the last quarter. Verition Fund Management LLC bought a new position in shares of Littelfuse in the third quarter worth about $14,480,000. Jennison Associates LLC lifted its position in shares of Littelfuse by 38.4% during the 3rd quarter. Jennison Associates LLC now owns 181,141 shares of the technology company's stock valued at $48,048,000 after buying an additional 50,304 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Littelfuse by 13.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 419,586 shares of the technology company's stock valued at $107,244,000 after buying an additional 49,588 shares in the last quarter. 96.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. StockNews.com upgraded Littelfuse from a "hold" rating to a "buy" rating in a research note on Friday, October 18th. Oppenheimer raised Littelfuse from a "market perform" rating to an "outperform" rating and set a $310.00 price target on the stock in a report on Thursday, October 17th. Benchmark reaffirmed a "hold" rating on shares of Littelfuse in a report on Wednesday, October 30th. Finally, Robert W. Baird lifted their price objective on shares of Littelfuse from $300.00 to $315.00 and gave the company an "outperform" rating in a research report on Thursday, August 29th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Littelfuse has an average rating of "Moderate Buy" and an average price target of $285.00.

Littelfuse Trading Up 0.6 %

Shares of Littelfuse stock traded up $1.42 on Tuesday, reaching $238.15. The company had a trading volume of 30,981 shares, compared to its average volume of 126,979. The firm has a market cap of $5.91 billion, a price-to-earnings ratio of 30.61, a P/E/G ratio of 2.48 and a beta of 1.27. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.55 and a quick ratio of 2.52. The firm's 50-day moving average price is $248.89 and its two-hundred day moving average price is $254.67. Littelfuse, Inc. has a 1 year low of $222.91 and a 1 year high of $275.58.

Littelfuse (NASDAQ:LFUS - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.71 EPS for the quarter, topping the consensus estimate of $2.09 by $0.62. The company had revenue of $567.39 million during the quarter, compared to analyst estimates of $557.38 million. Littelfuse had a net margin of 8.88% and a return on equity of 8.49%. Littelfuse's quarterly revenue was down 6.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.97 earnings per share. As a group, research analysts predict that Littelfuse, Inc. will post 8.47 earnings per share for the current fiscal year.

Littelfuse Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.18%. The ex-dividend date was Thursday, November 21st. Littelfuse's payout ratio is currently 35.99%.

Insider Buying and Selling at Littelfuse

In other news, CAO Jeffrey G. Gorski sold 700 shares of the business's stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $249.02, for a total transaction of $174,314.00. Following the completion of the sale, the chief accounting officer now directly owns 3,105 shares of the company's stock, valued at approximately $773,207.10. The trade was a 18.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.30% of the company's stock.

Littelfuse Company Profile

Littelfuse, Inc designs, manufactures, and sells electronic components, modules, and subassemblies in the Americas, Asia-Pacific, and Europe. The company operates through Electronic, Transportation, and Industrial segments. The Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, electromechanical switches and interconnect solutions, polymer electrostatic discharge suppressors, varistors, reed switch based magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, metal-oxide-semiconductor field-effect transistors and diodes, and insulated gate bipolar transistors.