The Manufacturers Life Insurance Company Has $5.55 Million Position in Littelfuse, Inc. (NASDAQ:LFUS)

The Manufacturers Life Insurance Company trimmed its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 2.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,903 shares of the technology company’s stock after selling 595 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.08% of Littelfuse worth $5,545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in LFUS. Van Lanschot Kempen Investment Management N.V. acquired a new position in shares of Littelfuse during the second quarter valued at about $100,662,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Littelfuse during the 2nd quarter worth approximately $46,037,000. Victory Capital Management Inc. raised its stake in Littelfuse by 13.2% during the 2nd quarter. Victory Capital Management Inc. now owns 501,504 shares of the technology company’s stock worth $128,179,000 after buying an additional 58,529 shares during the period. Jennison Associates LLC boosted its holdings in Littelfuse by 38.4% in the third quarter. Jennison Associates LLC now owns 181,141 shares of the technology company’s stock worth $48,048,000 after acquiring an additional 50,304 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Littelfuse by 13.4% in the second quarter. Dimensional Fund Advisors LP now owns 419,586 shares of the technology company’s stock valued at $107,244,000 after acquiring an additional 49,588 shares during the period. Institutional investors and hedge funds own 96.14% of the company’s stock.

Analyst Ratings Changes

LFUS has been the subject of a number of analyst reports. Robert W. Baird lifted their price target on Littelfuse from $300.00 to $315.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. StockNews.com raised Littelfuse from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. 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 raised their price objective for the company from $270.00 to $280.00 in a research note on Tuesday, August 13th. Finally, Benchmark reiterated a “hold” rating on shares of Littelfuse in a research note on Wednesday, October 30th. Three investment 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, the company presently has a consensus rating of “Moderate Buy” and an average target price of $285.00.

Littelfuse Stock Performance

NASDAQ:LFUS opened at $243.43 on Friday. The business has a 50 day moving average price of $252.43 and a 200-day moving average price of $255.74. 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 quick ratio of 2.52 and a current ratio of 3.55. The firm has a market cap of $6.04 billion, a PE ratio of 31.29, a price-to-earnings-growth ratio of 2.42 and a beta of 1.26.

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

Littelfuse Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.15%. The ex-dividend date was Thursday, November 21st. Littelfuse’s dividend payout ratio is presently 35.99%.

Insider Buying and Selling

In other news, SVP Matthew Cole sold 1,436 shares of the company’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 completion of the sale, 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 Securities & Exchange Commission, which is available through this link. 2.30% of the stock is currently owned by company insiders.

About Littelfuse

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.