Littelfuse, Inc. (NASDAQ:LFUS) Shares Sold by Covestor Ltd

Covestor Ltd lessened its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 46.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 158 shares of the technology company’s stock after selling 135 shares during the quarter. Covestor Ltd’s holdings in Littelfuse were worth $42,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of LFUS. Assetmark Inc. grew 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 worth $191,000 after acquiring an additional 44 shares in the last quarter. US Bancorp DE grew its position in shares of 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 acquiring an additional 49 shares in the last quarter. Rathbones Group PLC grew its position in shares of Littelfuse by 0.3% in the 2nd quarter. Rathbones Group PLC now owns 16,624 shares of the technology company’s stock worth $4,249,000 after acquiring an additional 52 shares in the last quarter. Tributary Capital Management LLC grew its position in shares of Littelfuse by 1.4% in the 3rd quarter. Tributary Capital Management LLC now owns 3,940 shares of the technology company’s stock worth $1,045,000 after acquiring an additional 55 shares in the last quarter. Finally, Fifth Third Bancorp boosted its position in Littelfuse by 21.4% during the 2nd quarter. Fifth Third Bancorp now owns 323 shares of the technology company’s stock valued at $83,000 after purchasing an additional 57 shares during the period. Institutional investors and hedge funds own 96.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Robert W. Baird boosted their price objective on Littelfuse from $300.00 to $315.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. Stifel Nicolaus raised Littelfuse from a “hold” rating to a “buy” rating and boosted their target price for the stock from $270.00 to $280.00 in a research report on Tuesday, August 13th. Oppenheimer raised Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 target price on the stock in a research report on Thursday, October 17th. StockNews.com upgraded Littelfuse from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Finally, Benchmark restated a “hold” rating on shares of Littelfuse in a research note on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Littelfuse presently has an average rating of “Moderate Buy” and an average price target of $285.00.

Insider Activity

In other news, SVP Matthew Cole sold 1,436 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $246.02, for a total value of $353,284.72. Following the transaction, the senior vice president now owns 5,522 shares of the company’s stock, valued at $1,358,522.44. This represents a 20.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David W. Heinzmann sold 8,715 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $274.40, for a total value of $2,391,396.00. Following the completion of the transaction, the chief executive officer now directly owns 59,654 shares in the company, valued at approximately $16,369,057.60. This trade represents a 12.75 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,242 shares of company stock worth $3,318,974. Company insiders own 2.30% of the company’s stock.

Littelfuse Price Performance

Shares of NASDAQ:LFUS opened at $241.09 on Friday. Littelfuse, Inc. has a fifty-two week low of $222.91 and a fifty-two week high of $275.58. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.55 and a quick ratio of 2.52. The stock has a market capitalization of $5.98 billion, a P/E ratio of 30.99, a P/E/G ratio of 2.49 and a beta of 1.28. The business has a 50-day moving average of $255.51 and a two-hundred day moving average of $256.27.

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

Littelfuse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be paid 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 1.16%. Littelfuse’s dividend payout ratio is currently 35.99%.

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.