Eagle Asset Management Inc. Grows Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Eagle Asset Management Inc. increased its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 17.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,278 shares of the technology company’s stock after acquiring an additional 8,767 shares during the quarter. Eagle Asset Management Inc.’s holdings in Littelfuse were worth $15,540,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of LFUS. CANADA LIFE ASSURANCE Co lifted its stake in shares of Littelfuse by 0.8% in the first quarter. CANADA LIFE ASSURANCE Co now owns 15,090 shares of the technology company’s stock worth $3,652,000 after buying an additional 126 shares in the last quarter. EntryPoint Capital LLC purchased a new stake in Littelfuse during the 1st quarter valued at $50,000. Motley Fool Asset Management LLC bought a new stake in shares of Littelfuse in the 1st quarter worth $375,000. Tidal Investments LLC raised its stake in shares of Littelfuse by 105.9% in the first quarter. Tidal Investments LLC now owns 2,290 shares of the technology company’s stock worth $555,000 after purchasing an additional 1,178 shares during the last quarter. Finally, Comerica Bank boosted its position in shares of Littelfuse by 1.8% during the first quarter. Comerica Bank now owns 42,076 shares of the technology company’s stock valued at $10,197,000 after buying an additional 743 shares during the last quarter. 96.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LFUS has been the topic of several research analyst reports. Oppenheimer upgraded shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 target price on the stock in a research note on Thursday, October 17th. Benchmark restated a “hold” rating on shares of Littelfuse in a research report on Wednesday, October 30th. TD Cowen lifted their target price on shares of Littelfuse from $250.00 to $260.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. StockNews.com raised Littelfuse from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Finally, Stifel Nicolaus upgraded 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 research note on Tuesday, August 13th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Littelfuse currently has an average rating of “Moderate Buy” and a consensus price target of $285.00.

Littelfuse Stock Up 2.2 %

LFUS opened at $243.82 on Friday. Littelfuse, Inc. has a 1-year low of $222.91 and a 1-year high of $275.58. The firm’s 50 day simple moving average is $254.58 and its two-hundred day simple moving average is $256.27. The company has a current ratio of 3.55, a quick ratio of 2.52 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $6.05 billion, a PE ratio of 31.34, a PEG ratio of 2.35 and a beta of 1.28.

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

Littelfuse Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Thursday, November 21st. Littelfuse’s dividend payout ratio is 35.99%.

Insider Buying and Selling

In related news, CEO David W. Heinzmann sold 2,091 shares of the company’s stock in a transaction on Monday, August 26th. The shares were 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 owns 59,654 shares of the company’s stock, valued at approximately $16,383,971.10. This represents a 3.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 completion of the sale, the senior vice president now owns 5,522 shares of the company’s stock, valued at $1,358,522.44. The trade was a 20.64 % decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.

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.