Creative Planning Has $946,000 Stock Position in Littelfuse, Inc. (NASDAQ:LFUS)

Creative Planning increased its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 32.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,567 shares of the technology company’s stock after acquiring an additional 865 shares during the quarter. Creative Planning’s holdings in Littelfuse were worth $946,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LFUS. SG Americas Securities LLC lifted its stake in Littelfuse by 399.7% in the second quarter. SG Americas Securities LLC now owns 4,712 shares of the technology company’s stock valued at $1,204,000 after buying an additional 3,769 shares during the period. Entropy Technologies LP lifted its stake in Littelfuse by 407.9% in the first quarter. Entropy Technologies LP now owns 6,186 shares of the technology company’s stock valued at $1,499,000 after buying an additional 4,968 shares during the period. Lord Abbett & CO. LLC lifted its stake in Littelfuse by 88.8% in the first quarter. Lord Abbett & CO. LLC now owns 166,195 shares of the technology company’s stock valued at $40,278,000 after buying an additional 78,153 shares during the period. Vanguard Group Inc. lifted its stake in Littelfuse by 0.6% in the first quarter. Vanguard Group Inc. now owns 2,679,767 shares of the technology company’s stock valued at $649,442,000 after buying an additional 17,119 shares during the period. Finally, Nordea Investment Management AB increased its holdings in shares of Littelfuse by 27.3% during the first quarter. Nordea Investment Management AB now owns 215,944 shares of the technology company’s stock valued at $52,334,000 after acquiring an additional 46,361 shares in the last quarter. 96.14% of the stock is owned by institutional investors and hedge funds.

Littelfuse Stock Up 2.0 %

Shares of NASDAQ LFUS opened at $249.44 on Friday. Littelfuse, Inc. has a one year low of $222.91 and a one year 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 2.42. The business’s fifty day moving average price is $258.11 and its 200-day moving average price is $254.60. The stock has a market capitalization of $6.18 billion, a PE ratio of 32.06, a P/E/G ratio of 2.57 and a beta of 1.27.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.63. The firm had revenue of $567.39 million for 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 business’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.97 EPS. On average, equities research analysts anticipate that Littelfuse, Inc. will post 8.14 EPS for the current year.

Littelfuse Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be issued a dividend of $0.70 per share. The ex-dividend date is Thursday, November 21st. This represents a $2.80 dividend on an annualized basis and a yield of 1.12%. Littelfuse’s dividend payout ratio (DPR) is 35.99%.

Insider Buying and Selling

In other Littelfuse news, SVP Matthew Cole sold 1,436 shares of the company’s stock in a transaction dated 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 directly owns 5,522 shares in the company, valued at $1,358,522.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO David W. Heinzmann sold 2,091 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $274.65, for a total transaction of $574,293.15. Following the transaction, the chief executive officer now directly owns 59,654 shares in the company, valued at approximately $16,383,971.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Matthew Cole sold 1,436 shares of the firm’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 value of $353,284.72. Following the transaction, the senior vice president now owns 5,522 shares in the company, valued at approximately $1,358,522.44. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,242 shares of company stock valued at $3,318,974. Corporate insiders own 2.30% of the company’s stock.

Wall Street Analysts Forecast Growth

LFUS has been the subject of several recent research reports. TD Cowen boosted 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. Robert W. Baird upped their price target on Littelfuse from $300.00 to $315.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. Oppenheimer upgraded Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price target for the company in a report on Thursday, October 17th. Stifel Nicolaus upgraded Littelfuse from a “hold” rating to a “buy” rating and upped their price target for the stock from $270.00 to $280.00 in a report on Tuesday, August 13th. Finally, Benchmark reiterated a “hold” rating on shares of Littelfuse in a report on Wednesday. Three 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 company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $285.00.

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.