Littelfuse, Inc. (NASDAQ:LFUS) Stake Lessened by Wrapmanager Inc.

Wrapmanager Inc. lessened its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 14.5% during the third quarter, Holdings Channel.com reports. The fund owned 864 shares of the technology company’s stock after selling 146 shares during the period. Wrapmanager Inc.’s holdings in Littelfuse were worth $229,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Pathstone Holdings LLC boosted its position in shares of Littelfuse by 0.6% during the 3rd quarter. Pathstone Holdings LLC now owns 6,522 shares of the technology company’s stock valued at $1,730,000 after purchasing an additional 40 shares in the last quarter. Assetmark Inc. boosted its position in shares of Littelfuse by 6.5% in the 3rd quarter. Assetmark Inc. now owns 719 shares of the technology company’s stock valued at $191,000 after purchasing an additional 44 shares during the period. US Bancorp DE increased its stake in Littelfuse by 1.4% in the 3rd quarter. US Bancorp DE now owns 3,436 shares of the technology company’s stock worth $911,000 after purchasing an additional 49 shares in the last quarter. Rathbones Group PLC raised its holdings in shares of Littelfuse by 0.3% during the second quarter. Rathbones Group PLC now owns 16,624 shares of the technology company’s stock valued at $4,249,000 after acquiring an additional 52 shares during the period. Finally, Covestor Ltd grew its position in Littelfuse by 28.5% during the 1st quarter. Covestor Ltd now owns 239 shares of the technology company’s stock worth $58,000 after purchasing an additional 53 shares in the last quarter. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Oppenheimer upgraded Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price target on the stock in a report on Thursday, October 17th. Robert W. Baird lifted their target price on shares of Littelfuse from $300.00 to $315.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. StockNews.com raised shares of Littelfuse from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. TD Cowen boosted their price target on Littelfuse from $250.00 to $260.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Finally, Benchmark reissued a “hold” rating on shares of Littelfuse in a research report on Wednesday, October 30th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Littelfuse presently has an average rating of “Moderate Buy” and a consensus target price of $285.00.

Insider Buying and Selling at Littelfuse

In related news, SVP Matthew Cole sold 1,436 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $246.02, for a total transaction of $353,284.72. Following the completion of the transaction, the senior vice president now owns 5,522 shares in the company, valued at $1,358,522.44. This trade represents a 20.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David W. Heinzmann sold 2,091 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $274.65, for a total transaction of $574,293.15. Following the completion of the sale, the chief executive officer now owns 59,654 shares in the company, valued at $16,383,971.10. This represents a 3.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,242 shares of company stock valued at $3,318,974 in the last ninety days. Company insiders own 2.30% of the company’s stock.

Littelfuse Trading Down 0.6 %

Shares of LFUS stock opened at $237.82 on Wednesday. Littelfuse, Inc. has a 12 month low of $222.91 and a 12 month high of $275.58. The company has a market cap of $5.90 billion, a PE ratio of 30.57, a price-to-earnings-growth ratio of 2.37 and a beta of 1.28. The company has a quick ratio of 2.52, a current ratio of 3.55 and a debt-to-equity ratio of 0.31. The business’s 50 day moving average is $255.12 and its two-hundred day moving average is $256.65.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.09 by $0.62. The company had revenue of $567.39 million during the quarter, compared to analysts’ expectations of $557.38 million. Littelfuse had a net margin of 8.88% and a return on equity of 8.49%. The business’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.97 earnings per share. Equities analysts predict that Littelfuse, Inc. will post 8.47 EPS for the current year.

Littelfuse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be given a $0.70 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.80 annualized dividend and a dividend yield of 1.18%. Littelfuse’s dividend payout ratio is 35.99%.

Littelfuse 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.