Johnson Investment Counsel Inc. Acquires 2,589 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Johnson Investment Counsel Inc. raised its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 32.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,599 shares of the technology company’s stock after buying an additional 2,589 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Littelfuse were worth $2,709,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank acquired a new position in shares of Littelfuse during the 4th quarter valued at $150,004,000. Van Lanschot Kempen Investment Management N.V. acquired a new position in shares of Littelfuse during the second quarter valued at about $100,662,000. Westwood Holdings Group Inc. boosted its position in shares of Littelfuse by 223.8% during the 1st quarter. Westwood Holdings Group Inc. now owns 313,927 shares of the technology company’s stock worth $76,080,000 after purchasing an additional 216,985 shares in the last quarter. Lord Abbett & CO. LLC grew its stake in shares of Littelfuse by 88.8% in the 1st quarter. Lord Abbett & CO. LLC now owns 166,195 shares of the technology company’s stock valued at $40,278,000 after buying an additional 78,153 shares during the period. Finally, TD Asset Management Inc increased its position in Littelfuse by 160.2% in the 4th quarter. TD Asset Management Inc now owns 113,447 shares of the technology company’s stock valued at $30,354,000 after buying an additional 69,842 shares in the last quarter. 96.14% of the stock is currently owned by institutional investors.

Insider Transactions at Littelfuse

In related news, CEO David W. Heinzmann sold 300 shares of the stock in a transaction that occurred on Wednesday, July 17th. The stock was 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 of the company’s stock, valued at $16,295,683.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO David W. Heinzmann sold 300 shares of the 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 transaction, the chief executive officer now owns 59,654 shares in the company, valued at $16,295,683.18. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO David W. Heinzmann sold 8,715 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $274.40, for a total transaction of $2,391,396.00. Following the sale, the chief executive officer now owns 59,654 shares of the company’s stock, valued at approximately $16,369,057.60. The disclosure for this sale can be found here. Insiders have sold 14,892 shares of company stock worth $4,084,701 in the last 90 days. Insiders own 2.30% of the company’s stock.

Littelfuse Trading Down 0.8 %

Shares of Littelfuse stock opened at $244.47 on Friday. The company has a market capitalization of $6.06 billion, a P/E ratio of 28.00, a price-to-earnings-growth ratio of 2.56 and a beta of 1.28. The stock has a fifty day simple moving average of $258.19 and a 200 day simple moving average of $249.49. Littelfuse, Inc. has a 12-month low of $212.80 and a 12-month high of $275.58. The company has a current ratio of 3.50, a quick ratio of 2.42 and a debt-to-equity ratio of 0.32.

Littelfuse (NASDAQ:LFUS) last posted its earnings results on Tuesday, July 30th. The technology company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.22. Littelfuse had a net margin of 8.71% and a return on equity of 8.91%. The firm had revenue of $558.49 million during the quarter, compared to analyst estimates of $540.35 million. During the same quarter in the prior year, the business posted $3.12 EPS. The business’s revenue was down 8.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Littelfuse, Inc. will post 8.18 earnings per share for the current fiscal year.

Littelfuse Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 22nd were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $2.80 annualized dividend and a dividend yield of 1.15%. This is a boost from Littelfuse’s previous quarterly dividend of $0.65. Littelfuse’s dividend payout ratio (DPR) is currently 32.07%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. TD Cowen increased their price target on Littelfuse from $250.00 to $260.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Stifel Nicolaus raised shares of Littelfuse from a “hold” rating to a “buy” rating and lifted their price target for the company from $270.00 to $280.00 in a research report on Tuesday, August 13th. Robert W. Baird upped their price objective on shares of Littelfuse from $300.00 to $315.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. Finally, Baird R W raised shares of Littelfuse from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 17th. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $278.75.

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.