Littelfuse, Inc. $LFUS Stock Bought by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA grew its position in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 238.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 67,546 shares of the technology company’s stock after buying an additional 47,616 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Littelfuse were worth $28,622,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of LFUS. BlackRock Inc. acquired a new stake in shares of Littelfuse in the 2nd quarter worth $1,148,821,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Littelfuse during the second quarter worth about $185,057,000. William Blair Investment Management LLC acquired a new position in shares of Littelfuse during the second quarter worth about $146,471,000. Bank of America Corp DE acquired a new position in shares of Littelfuse during the second quarter worth about $115,306,000. Finally, Jupiter Topco LLC purchased a new position in Littelfuse during the second quarter worth about $94,552,000. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Littelfuse in a research report on Wednesday, October 28th. Jefferies Financial Group started coverage on Littelfuse in a report on Wednesday. They issued a “buy” rating and a $471.00 price objective on the stock. Oppenheimer reiterated an “outperform” rating on shares of Littelfuse in a research report on Thursday, October 29th. Zacks Research raised Littelfuse from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 30th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $520.00 price target on shares of Littelfuse in a report on Wednesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $466.57.

Littelfuse Stock Performance

Shares of LFUS opened at $397.70 on Thursday. The company has a 50-day simple moving average of $405.14 and a 200-day simple moving average of $402.54. The company has a quick ratio of 2.01, a current ratio of 2.67 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $10.10 billion, a PE ratio of 325.99, a P/E/G ratio of 1.74 and a beta of 1.50. Littelfuse, Inc. has a 52-week low of $233.36 and a 52-week high of $500.57.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings data on Wednesday, October 28th. The technology company reported $5.79 EPS for the quarter, beating the consensus estimate of $4.97 by $0.82. The firm had revenue of $795.20 million during the quarter, compared to analysts’ expectations of $792.49 million. Littelfuse had a net margin of 1.37% and a return on equity of 15.86%. The business’s revenue for the quarter was up 22.7% compared to the same quarter last year. During the same quarter last year, the business earned $2.77 earnings per share. Equities research analysts predict that Littelfuse, Inc. will post 18.37 earnings per share for the current fiscal year.

Littelfuse Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 19th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Thursday, November 19th. This represents a $3.20 dividend on an annualized basis and a yield of 0.8%. Littelfuse’s dividend payout ratio (DPR) is 262.30%.

Insider Transactions at Littelfuse

In other news, SVP David Ruppel sold 1,493 shares of Littelfuse stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $404.57, for a total transaction of $604,023.01. Following the completion of the sale, the senior vice president directly owned 4,720 shares in the company, valued at approximately $1,909,570.40. This trade represents a 24.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.00% of the company’s stock.

About Littelfuse

Littelfuse, Inc. is a global manufacturer of products that help protect and control electrical systems. Its offerings include fuses and other circuit-protection components, power-control devices, sensors, and electronic components used in a range of applications. The company serves customers in markets including automotive, industrial, commercial vehicles, and electronics. Its products are used to protect equipment from electrical faults, manage power, and monitor conditions in systems and devices.