Covestor Ltd Cuts Position in Littelfuse, Inc. (NASDAQ:LFUS)

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

Other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC increased its holdings in shares of Littelfuse by 410.7% in the 2nd quarter. CWM LLC now owns 143 shares of the technology company’s stock valued at $37,000 after acquiring an additional 115 shares during the period. UMB Bank n.a. lifted its holdings in shares of Littelfuse by 70.2% in the 3rd quarter. UMB Bank n.a. now owns 143 shares of the technology company’s stock valued at $38,000 after buying an additional 59 shares during the period. GAMMA Investing LLC raised its holdings in Littelfuse by 275.0% in the 2nd quarter. GAMMA Investing LLC now owns 165 shares of the technology company’s stock worth $42,000 after purchasing an additional 121 shares during the period. EntryPoint Capital LLC acquired a new position in shares of Littelfuse during the first quarter valued at approximately $50,000. Finally, Fifth Third Bancorp grew its position in shares of Littelfuse by 21.4% in the second quarter. Fifth Third Bancorp now owns 323 shares of the technology company’s stock valued at $83,000 after purchasing an additional 57 shares in the last quarter. 96.14% of the stock is owned by institutional investors.

Insider Transactions at Littelfuse

In related news, SVP Matthew Cole sold 1,436 shares of the firm’s stock in a transaction dated 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. This trade represents a 20.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO David W. Heinzmann sold 2,091 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $274.65, for a total value of $574,293.15. Following the sale, the chief executive officer now owns 59,654 shares in the company, valued at approximately $16,383,971.10. The trade was a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,242 shares of company stock worth $3,318,974 in the last three months. 2.30% of the stock is currently owned by company insiders.

Littelfuse Stock Down 3.3 %

Littelfuse stock opened at $241.09 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.52 and a current ratio of 3.55. The firm has a market capitalization of $5.98 billion, a price-to-earnings ratio of 30.99, a price-to-earnings-growth ratio of 2.49 and a beta of 1.28. Littelfuse, Inc. has a fifty-two week low of $222.91 and a fifty-two week high of $275.58. The stock’s fifty day moving average is $255.51 and its two-hundred day moving average is $256.27.

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

Littelfuse Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be issued a $0.70 dividend. 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 1.16%. Littelfuse’s dividend payout ratio (DPR) is 35.99%.

Analyst Ratings Changes

Several brokerages recently weighed in on LFUS. Benchmark reiterated a “hold” rating on shares of Littelfuse in a research report on Wednesday, October 30th. StockNews.com raised Littelfuse from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Stifel Nicolaus raised Littelfuse from a “hold” rating to a “buy” rating and raised their price target for the stock from $270.00 to $280.00 in a report on Tuesday, August 13th. TD Cowen lifted their price objective on Littelfuse from $250.00 to $260.00 and gave the company a “hold” rating in a report on Thursday, August 1st. Finally, Robert W. Baird increased their price objective on Littelfuse from $300.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $285.00.

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.