Entropy Technologies LP Purchases 4,968 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Entropy Technologies LP increased its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 407.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,186 shares of the technology company's stock after acquiring an additional 4,968 shares during the quarter. Entropy Technologies LP's holdings in Littelfuse were worth $1,499,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Littelfuse by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 2,662,648 shares of the technology company's stock valued at $712,418,000 after buying an additional 30,356 shares during the last quarter. Norges Bank acquired a new position in Littelfuse during the 4th quarter valued at about $150,004,000. Victory Capital Management Inc. grew its position in Littelfuse by 4.8% in the 4th quarter. Victory Capital Management Inc. now owns 421,392 shares of the technology company's stock worth $112,748,000 after purchasing an additional 19,435 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Littelfuse by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 346,174 shares of the technology company's stock valued at $92,627,000 after purchasing an additional 10,770 shares during the period. Finally, Brown Advisory Inc. raised its holdings in shares of Littelfuse by 3.4% during the fourth quarter. Brown Advisory Inc. now owns 328,936 shares of the technology company's stock valued at $88,010,000 after buying an additional 10,750 shares during the last quarter. Institutional investors own 96.14% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on LFUS. Jefferies Financial Group initiated coverage on shares of Littelfuse in a research note on Tuesday, April 9th. They set a "hold" rating and a $260.00 price objective on the stock. Robert W. Baird upgraded shares of Littelfuse from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $270.00 to $300.00 in a research note on Friday, May 17th. Stifel Nicolaus boosted their target price on Littelfuse from $240.00 to $250.00 and gave the stock a "hold" rating in a report on Monday. Baird R W raised Littelfuse from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 17th. Finally, StockNews.com downgraded Littelfuse from a "buy" rating to a "hold" rating in a research note on Saturday, March 30th. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $270.00.

Insider Buying and Selling

In other news, CFO Meenal Sethna sold 6,114 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $256.49, for a total value of $1,568,179.86. Following the completion of the sale, the chief financial officer now directly owns 22,432 shares of the company's stock, valued at $5,753,583.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Meenal Sethna sold 6,114 shares of the firm's stock in a transaction on Monday, May 13th. The stock was sold at an average price of $256.49, for a total value of $1,568,179.86. Following the completion of the transaction, the chief financial officer now directly owns 22,432 shares of the company's stock, valued at $5,753,583.68. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO David W. Heinzmann sold 300 shares of the company's stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $273.17, for a total transaction of $81,951.00. Following the completion of the sale, the chief executive officer now directly owns 59,654 shares in the company, valued at approximately $16,295,683.18. The disclosure for this sale can be found here. In the last three months, insiders sold 9,938 shares of company stock valued at $2,545,503. Company insiders own 2.30% of the company's stock.

Littelfuse Stock Down 0.6 %

NASDAQ:LFUS traded down $1.60 during trading hours on Thursday, hitting $266.93. 59,618 shares of the stock traded hands, compared to its average volume of 140,518. The company has a current ratio of 3.57, a quick ratio of 2.44 and a debt-to-equity ratio of 0.32. Littelfuse, Inc. has a fifty-two week low of $212.80 and a fifty-two week high of $309.94. The firm has a 50 day moving average price of $257.24 and a 200 day moving average price of $245.65. The firm has a market cap of $6.61 billion, a price-to-earnings ratio of 30.49, a PEG ratio of 2.71 and a beta of 1.29.

Littelfuse (NASDAQ:LFUS - Get Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.01. The firm had revenue of $535.39 million for the quarter, compared to analyst estimates of $519.08 million. Littelfuse had a net margin of 9.58% and a return on equity of 10.21%. The company's revenue for the quarter was down 12.2% on a year-over-year basis. During the same quarter last year, the firm earned $3.64 earnings per share. Equities research analysts anticipate that Littelfuse, Inc. will post 8.45 earnings per share for the current year.

Littelfuse Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Stockholders of record on Thursday, May 23rd were paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date was Wednesday, May 22nd. Littelfuse's payout ratio is 29.78%.

About Littelfuse

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.