Forte Capital LLC ADV Acquires New Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Forte Capital LLC ADV acquired a new stake in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 800 shares of the technology company's stock, valued at approximately $214,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Massmutual Trust Co. FSB ADV boosted its position in Littelfuse by 3.2% during the first quarter. Massmutual Trust Co. FSB ADV now owns 1,307 shares of the technology company's stock valued at $350,000 after purchasing an additional 40 shares in the last quarter. Townsquare Capital LLC boosted its position in Littelfuse by 1.7% during the fourth quarter. Townsquare Capital LLC now owns 2,394 shares of the technology company's stock valued at $527,000 after purchasing an additional 40 shares in the last quarter. Commerce Bank boosted its position in Littelfuse by 2.1% during the fourth quarter. Commerce Bank now owns 2,032 shares of the technology company's stock valued at $447,000 after purchasing an additional 41 shares in the last quarter. ETF Managers Group LLC boosted its position in Littelfuse by 1.5% during the first quarter. ETF Managers Group LLC now owns 2,908 shares of the technology company's stock valued at $780,000 after purchasing an additional 43 shares in the last quarter. Finally, Parallel Advisors LLC boosted its holdings in Littelfuse by 45.3% in the first quarter. Parallel Advisors LLC now owns 138 shares of the technology company's stock worth $37,000 after acquiring an additional 43 shares in the last quarter. Institutional investors own 95.80% of the company's stock.

Shares of NASDAQ:LFUS traded down $0.11 during trading on Friday, hitting $259.89. The stock had a trading volume of 18,171 shares, compared to its average volume of 88,330. Littelfuse, Inc. has a 12-month low of $192.19 and a 12-month high of $309.94. The stock has a market capitalization of $6.47 billion, a price-to-earnings ratio of 19.86, a price-to-earnings-growth ratio of 1.74 and a beta of 1.29. The company has a quick ratio of 1.84, a current ratio of 2.91 and a debt-to-equity ratio of 0.37. The stock has a 50-day simple moving average of $280.74 and a two-hundred day simple moving average of $267.58.

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

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Thursday, August 24th will be given a dividend of $0.65 per share. This is a boost from Littelfuse's previous quarterly dividend of $0.60. This represents a $2.60 annualized dividend and a yield of 1.00%. The ex-dividend date is Wednesday, August 23rd. Littelfuse's dividend payout ratio (DPR) is currently 19.86%.

Several brokerages have weighed in on LFUS. StockNews.com began coverage on Littelfuse in a report on Thursday, August 17th. They issued a "hold" rating for the company. Stifel Nicolaus raised their price target on Littelfuse from $240.00 to $265.00 in a report on Thursday, May 4th. Finally, Robert W. Baird raised their price target on Littelfuse from $260.00 to $285.00 in a report on Thursday, May 11th. Six analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $259.00.

Get Our Latest Stock Report on LFUS

In related news, CAO Jeffrey G. Gorski sold 700 shares of Littelfuse stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $270.15, for a total transaction of $189,105.00. Following the completion of the transaction, the chief accounting officer now directly owns 2,713 shares in the company, valued at $732,916.95. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.70% of the stock is owned by company insiders.

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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