Dundas Partners LLP Has $13.19 Million Position in Littelfuse, Inc. (LFUS)

Dundas Partners LLP increased its position in Littelfuse, Inc. (NASDAQ:LFUS) by 50.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,369 shares of the technology company’s stock after buying an additional 17,258 shares during the quarter. Littelfuse accounts for approximately 2.7% of Dundas Partners LLP’s holdings, making the stock its 19th biggest holding. Dundas Partners LLP owned about 0.20% of Littelfuse worth $13,192,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Parallel Advisors LLC increased its stake in shares of Littelfuse by 496.3% in the third quarter. Parallel Advisors LLC now owns 644 shares of the technology company’s stock worth $127,000 after buying an additional 536 shares during the period. Gideon Capital Advisors Inc. purchased a new position in shares of Littelfuse in the second quarter worth $205,000. CIBC Asset Management Inc purchased a new position in shares of Littelfuse in the second quarter worth $205,000. Visionary Asset Management Inc. purchased a new position in shares of Littelfuse in the second quarter worth $214,000. Finally, First Hawaiian Bank purchased a new position in shares of Littelfuse in the third quarter worth $188,000. 96.75% of the stock is currently owned by institutional investors.

In other news, insider Jeffrey G. Gorski sold 351 shares of the business’s stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $227.12, for a total transaction of $79,719.12. Following the sale, the insider now owns 3,124 shares in the company, valued at approximately $709,522.88. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Nathan Zommer sold 13,741 shares of the business’s stock in a transaction on Friday, August 31st. The shares were sold at an average price of $222.38, for a total transaction of $3,055,723.58. Following the sale, the director now owns 475,419 shares in the company, valued at approximately $105,723,677.22. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,684 shares of company stock worth $3,266,411. Insiders own 3.80% of the company’s stock.

Several research analysts recently commented on the stock. Zacks Investment Research raised shares of Littelfuse from a “sell” rating to a “hold” rating in a research note on Tuesday, November 6th. Barrington Research reaffirmed a “hold” rating on shares of Littelfuse in a research note on Tuesday, July 31st. BidaskClub downgraded shares of Littelfuse from a “hold” rating to a “sell” rating in a research note on Friday, July 27th. ValuEngine raised shares of Littelfuse from a “sell” rating to a “hold” rating in a research report on Thursday, November 1st. Finally, CL King set a $248.00 price objective on shares of Littelfuse and gave the company a “buy” rating in a research report on Tuesday, September 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $252.50.

Shares of Littelfuse stock opened at $179.58 on Friday. The company has a current ratio of 3.46, a quick ratio of 2.65 and a debt-to-equity ratio of 0.45. The firm has a market cap of $4.52 billion, a price-to-earnings ratio of 23.20, a P/E/G ratio of 1.56 and a beta of 0.95. Littelfuse, Inc. has a 12-month low of $163.43 and a 12-month high of $238.10.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings data on Wednesday, October 31st. The technology company reported $2.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.40 by $0.09. The business had revenue of $439.20 million for the quarter, compared to the consensus estimate of $441.62 million. Littelfuse had a net margin of 7.47% and a return on equity of 17.35%. The company’s quarterly revenue was up 38.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.12 EPS. On average, analysts forecast that Littelfuse, Inc. will post 9.57 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 6th. Shareholders of record on Wednesday, November 21st will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date is Tuesday, November 20th. Littelfuse’s payout ratio is currently 22.22%.

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Littelfuse Profile

Littelfuse, Inc designs, manufactures, and sells circuit protection products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, and gas discharge tubes; and semiconductor and power semiconductor products, such as discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, silicon carbide, metal-oxide-semiconductor field-effect transistors, and silicon carbide diodes, as well as insulated gate bipolar transistors.

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Institutional Ownership by Quarter for Littelfuse (NASDAQ:LFUS)

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