Mesirow Financial Investment Management Equity Management raised its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 19.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,628 shares of the technology company’s stock after buying an additional 5,985 shares during the quarter. Mesirow Financial Investment Management Equity Management owned about 0.15% of Littelfuse worth $6,480,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of LFUS. Public Employees Retirement System of Ohio grew its position in shares of Littelfuse by 1.2% during the 4th quarter. Public Employees Retirement System of Ohio now owns 7,305 shares of the technology company’s stock worth $1,253,000 after buying an additional 87 shares during the period. Norges Bank acquired a new position in shares of Littelfuse during the 4th quarter worth about $45,583,000. Geode Capital Management LLC grew its position in shares of Littelfuse by 8.8% during the 4th quarter. Geode Capital Management LLC now owns 258,284 shares of the technology company’s stock worth $44,290,000 after buying an additional 20,859 shares during the period. Deutsche Bank AG grew its position in shares of Littelfuse by 8.5% during the 4th quarter. Deutsche Bank AG now owns 91,963 shares of the technology company’s stock worth $15,768,000 after buying an additional 7,229 shares during the period. Finally, First Citizens Bank & Trust Co. grew its position in shares of Littelfuse by 38.3% during the 1st quarter. First Citizens Bank & Trust Co. now owns 2,285 shares of the technology company’s stock worth $417,000 after buying an additional 633 shares during the period. Institutional investors own 98.77% of the company’s stock.
In other Littelfuse news, SVP Ian Highley sold 986 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $165.79, for a total value of $163,468.94. Following the sale, the senior vice president now owns 1,839 shares in the company, valued at approximately $304,887.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.50% of the company’s stock.
NASDAQ LFUS traded down $4.38 during trading on Friday, hitting $154.41. The stock had a trading volume of 144,756 shares, compared to its average volume of 278,010. The firm has a market cap of $3.90 billion, a P/E ratio of 16.36, a PEG ratio of 1.95 and a beta of 1.07. The company has a 50-day moving average price of $173.58. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.90 and a quick ratio of 2.95. Littelfuse, Inc. has a 12 month low of $152.49 and a 12 month high of $228.94.
Littelfuse (NASDAQ:LFUS) last released its earnings results on Wednesday, July 31st. The technology company reported $1.91 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.91. The firm had revenue of $397.00 million for the quarter, compared to analysts’ expectations of $397.98 million. Littelfuse had a return on equity of 13.82% and a net margin of 10.15%. The business’s quarterly revenue was down 13.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.68 EPS. Sell-side analysts expect that Littelfuse, Inc. will post 6.77 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 22nd will be paid a $0.48 dividend. This is a boost from Littelfuse’s previous quarterly dividend of $0.43. The ex-dividend date is Wednesday, August 21st. This represents a $1.92 annualized dividend and a yield of 1.24%. Littelfuse’s payout ratio is presently 18.22%.
Littelfuse Company Profile
Littelfuse, Inc designs, manufactures, and sells circuit protection, power control, and sensing products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, magnetic sensing products, and gas discharge tubes; and 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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