Littelfuse, Inc. (NASDAQ:LFUS) Shares Sold by Blair William & Co. IL

Blair William & Co. IL reduced its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 3.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 20,019 shares of the technology company’s stock after selling 721 shares during the quarter. Blair William & Co. IL owned 0.08% of Littelfuse worth $5,117,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in LFUS. Rise Advisors LLC acquired a new position in Littelfuse in the 1st quarter valued at about $30,000. CWM LLC grew its holdings in shares of Littelfuse by 410.7% in the second quarter. CWM LLC now owns 143 shares of the technology company’s stock valued at $37,000 after purchasing an additional 115 shares in the last quarter. GAMMA Investing LLC increased its stake in Littelfuse by 275.0% during the 2nd quarter. GAMMA Investing LLC now owns 165 shares of the technology company’s stock worth $42,000 after buying an additional 121 shares during the period. Principal Securities Inc. purchased a new stake in Littelfuse during the 4th quarter worth approximately $50,000. Finally, EntryPoint Capital LLC acquired a new stake in Littelfuse during the 1st quarter worth approximately $50,000. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Littelfuse Stock Down 1.5 %

Shares of NASDAQ LFUS opened at $260.50 on Friday. The business has a 50-day moving average of $257.84 and a two-hundred day moving average of $250.27. The company has a market capitalization of $6.46 billion, a price-to-earnings ratio of 29.84, a price-to-earnings-growth ratio of 2.51 and a beta of 1.28. Littelfuse, Inc. has a 1 year low of $212.80 and a 1 year high of $275.58. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.50 and a quick ratio of 2.42.

Littelfuse (NASDAQ:LFUS) last announced its earnings results on Tuesday, July 30th. The technology company reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.22. The firm had revenue of $558.49 million during the quarter, compared to analysts’ expectations of $540.35 million. Littelfuse had a return on equity of 8.91% and a net margin of 8.71%. The business’s revenue was down 8.7% on a year-over-year basis. During the same period in the prior year, the firm earned $3.12 EPS. On average, analysts forecast that Littelfuse, Inc. will post 8.18 earnings per share for the current fiscal year.

Littelfuse Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 22nd were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.07%. This is a boost from Littelfuse’s previous quarterly dividend of $0.65. The ex-dividend date was Thursday, August 22nd. Littelfuse’s dividend payout ratio is presently 32.07%.

Insider Transactions at Littelfuse

In other Littelfuse news, CEO David W. Heinzmann sold 300 shares of the company’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $273.17, for a total transaction of $81,951.00. Following the completion of the sale, the chief executive officer now directly owns 59,654 shares of the company’s stock, valued at approximately $16,295,683.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, SVP Matthew Cole sold 1,436 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $246.02, for a total transaction of $353,284.72. Following the transaction, the senior vice president now directly owns 5,522 shares in the company, valued at $1,358,522.44. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO David W. Heinzmann sold 300 shares of Littelfuse stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $273.17, for a total value of $81,951.00. Following the completion of the sale, the chief executive officer now directly owns 59,654 shares in the company, valued at approximately $16,295,683.18. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,328 shares of company stock worth $4,437,986. Company insiders own 2.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. TD Cowen upped their price objective on Littelfuse from $250.00 to $260.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Robert W. Baird increased their price target on Littelfuse from $300.00 to $315.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. StockNews.com raised Littelfuse from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. Finally, Stifel Nicolaus upgraded shares of Littelfuse from a “hold” rating to a “buy” rating and upped their target price for the stock from $270.00 to $280.00 in a research note on Tuesday, August 13th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $278.75.

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.