Hamilton Point Investment Advisors LLC Has $8.24 Million Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Hamilton Point Investment Advisors LLC grew its position in Littelfuse, Inc. (NASDAQ:LFUS) by 1.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 31,068 shares of the technology company’s stock after purchasing an additional 366 shares during the period. Littelfuse comprises approximately 1.5% of Hamilton Point Investment Advisors LLC’s holdings, making the stock its 22nd largest holding. Hamilton Point Investment Advisors LLC’s holdings in Littelfuse were worth $8,241,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in LFUS. Van Lanschot Kempen Investment Management N.V. acquired a new stake in Littelfuse during the 2nd quarter valued at $100,662,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Littelfuse during the second quarter valued at $46,037,000. Victory Capital Management Inc. raised its position in Littelfuse by 13.2% during the second quarter. Victory Capital Management Inc. now owns 501,504 shares of the technology company’s stock valued at $128,179,000 after buying an additional 58,529 shares during the period. Jennison Associates LLC lifted its stake in Littelfuse by 38.4% in the 3rd quarter. Jennison Associates LLC now owns 181,141 shares of the technology company’s stock worth $48,048,000 after acquiring an additional 50,304 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Littelfuse by 13.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 419,586 shares of the technology company’s stock worth $107,244,000 after acquiring an additional 49,588 shares during the period. 96.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Matthew Cole sold 1,436 shares of the business’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 sale, the senior vice president now directly owns 5,522 shares in the company, valued at approximately $1,358,522.44. The trade was a 20.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO David W. Heinzmann sold 2,091 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $274.65, for a total value of $574,293.15. Following the completion of the transaction, the chief executive officer now directly owns 59,654 shares of the company’s stock, valued at approximately $16,383,971.10. This trade represents a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. StockNews.com raised shares of Littelfuse from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Benchmark reissued a “hold” rating on shares of Littelfuse in a research note on Wednesday, October 30th. TD Cowen upped their price target on shares of Littelfuse from $250.00 to $260.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Stifel Nicolaus upgraded Littelfuse from a “hold” rating to a “buy” rating and increased their price objective for the stock from $270.00 to $280.00 in a report on Tuesday, August 13th. Finally, Robert W. Baird boosted their target price on Littelfuse from $300.00 to $315.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $285.00.

Littelfuse Stock Up 2.2 %

Littelfuse stock opened at $243.82 on Friday. The company has a current ratio of 3.55, a quick ratio of 2.52 and a debt-to-equity ratio of 0.31. Littelfuse, Inc. has a 1-year low of $222.91 and a 1-year high of $275.58. The firm’s fifty day simple moving average is $254.71 and its 200-day simple moving average is $256.33. The company has a market capitalization of $6.05 billion, a P/E ratio of 31.34, a P/E/G ratio of 2.35 and a beta of 1.28.

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

Littelfuse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.15%. Littelfuse’s dividend payout ratio (DPR) is presently 35.99%.

About Littelfuse

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.