Mendel Money Management Acquires New Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Mendel Money Management bought a new stake in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 793 shares of the technology company's stock, valued at approximately $213,000.

Other large investors have also recently bought and sold shares of the company. Point72 Hong Kong Ltd acquired a new position in Littelfuse during the 1st quarter valued at about $33,000. Parallel Advisors LLC grew its stake in shares of Littelfuse by 45.3% in the 1st quarter. Parallel Advisors LLC now owns 138 shares of the technology company's stock worth $37,000 after purchasing an additional 43 shares during the last quarter. CoreCap Advisors LLC acquired a new position in shares of Littelfuse in the 4th quarter worth approximately $44,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Littelfuse by 33.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 201 shares of the technology company's stock worth $44,000 after purchasing an additional 50 shares during the last quarter. Finally, Covestor Ltd grew its stake in shares of Littelfuse by 91.0% in the 1st quarter. Covestor Ltd now owns 384 shares of the technology company's stock worth $96,000 after purchasing an additional 183 shares during the last quarter. Institutional investors and hedge funds own 95.80% of the company's stock.

Littelfuse stock traded down $2.32 during trading hours on Friday, hitting $257.66. The company had a trading volume of 1,890 shares, compared to its average volume of 89,113. The firm has a market capitalization of $6.41 billion, a P/E ratio of 19.67, a price-to-earnings-growth ratio of 1.72 and a beta of 1.29. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.91 and a quick ratio of 1.84. The firm's fifty day moving average is $281.62 and its 200-day moving average is $267.60. Littelfuse, Inc. has a fifty-two week low of $192.19 and a fifty-two week high of $309.94.

Littelfuse (NASDAQ:LFUS - Get Free Report) last released its quarterly earnings data on Tuesday, August 1st. The technology company reported $3.12 earnings per share for the quarter, missing the consensus estimate of $3.32 by ($0.20). Littelfuse had a net margin of 13.14% and a return on equity of 16.06%. The company had revenue of $612.00 million during the quarter, compared to analyst estimates of $618.83 million. On average, research analysts forecast that Littelfuse, Inc. will post 12.63 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Thursday, August 24th will be issued a dividend of $0.65 per share. The ex-dividend date is Wednesday, August 23rd. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.01%. This is an increase from Littelfuse's previous quarterly dividend of $0.60. Littelfuse's dividend payout ratio (DPR) is currently 18.33%.

In other news, CAO Jeffrey G. Gorski sold 700 shares of the firm's stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $270.15, for a total transaction of $189,105.00. Following the transaction, the chief accounting officer now owns 2,713 shares in the company, valued at approximately $732,916.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.70% of the stock is owned by insiders.

LFUS has been the topic of several analyst reports. Robert W. Baird lifted their target price on shares of Littelfuse from $260.00 to $285.00 in a research report on Thursday, May 11th. StockNews.com initiated coverage on shares of Littelfuse in a research report on Thursday. They issued a "hold" rating on the stock. Finally, Stifel Nicolaus lifted their target price on shares of Littelfuse from $240.00 to $265.00 in a research report on Thursday, May 4th. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Littelfuse currently has a consensus rating of "Hold" and an average price target of $259.00.

Get Our Latest Analysis on Littelfuse

Littelfuse, Inc manufactures and sells circuit protection, power control, and sensing products in the Asia-Pacific, the Americas, and Europe. The company operates through Electronic, Transportation, and Industrial segments. The Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, 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.

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