Envestnet Asset Management Inc. Purchases 1,466 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Envestnet Asset Management Inc. grew its position in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 1.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 127,058 shares of the technology company’s stock after acquiring an additional 1,466 shares during the quarter. Envestnet Asset Management Inc. owned about 0.51% of Littelfuse worth $32,475,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Covestor Ltd increased its holdings in shares of Littelfuse by 28.5% during the first quarter. Covestor Ltd now owns 239 shares of the technology company’s stock valued at $58,000 after acquiring an additional 53 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of Littelfuse by 21.4% during the second quarter. Fifth Third Bancorp now owns 323 shares of the technology company’s stock valued at $83,000 after acquiring an additional 57 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Littelfuse by 14.4% during the second quarter. Signaturefd LLC now owns 469 shares of the technology company’s stock valued at $120,000 after acquiring an additional 59 shares in the last quarter. Studio Investment Management LLC increased its holdings in shares of Littelfuse by 3.8% during the second quarter. Studio Investment Management LLC now owns 1,626 shares of the technology company’s stock valued at $416,000 after acquiring an additional 60 shares in the last quarter. Finally, Assetmark Inc. increased its holdings in shares of Littelfuse by 17.7% during the fourth quarter. Assetmark Inc. now owns 432 shares of the technology company’s stock valued at $116,000 after acquiring an additional 65 shares in the last quarter. Institutional investors own 96.14% of the company’s stock.

Littelfuse Stock Down 1.5 %

LFUS stock opened at $260.50 on Friday. The stock’s fifty day simple moving average is $257.84 and its two-hundred day simple moving average is $250.17. The company has a current ratio of 3.50, a quick ratio of 2.42 and a debt-to-equity ratio of 0.32. Littelfuse, Inc. has a 1-year low of $212.80 and a 1-year high of $275.58. The stock has a market cap of $6.46 billion, a P/E ratio of 29.84, a P/E/G ratio of 2.51 and a beta of 1.28.

Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings data on Tuesday, July 30th. The technology company reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.22. Littelfuse had a return on equity of 8.91% and a net margin of 8.71%. The business had revenue of $558.49 million for the quarter, compared to analysts’ expectations of $540.35 million. During the same quarter in the previous year, the firm earned $3.12 earnings per share. The business’s revenue was down 8.7% on a year-over-year basis. Analysts expect that Littelfuse, Inc. will post 8.18 EPS for the current year.

Littelfuse Increases Dividend

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

Analysts Set New Price Targets

LFUS has been the subject of several recent research reports. Stifel Nicolaus upgraded Littelfuse from a “hold” rating to a “buy” rating and boosted their price objective for the company from $270.00 to $280.00 in a report on Tuesday, August 13th. TD Cowen upped their price target on Littelfuse from $250.00 to $260.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. StockNews.com upgraded Littelfuse from a “hold” rating to a “buy” rating in a report on Monday, September 16th. Finally, 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. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Littelfuse currently has an average rating of “Moderate Buy” and a consensus price target of $278.75.

Insiders Place Their Bets

In other news, SVP Matthew Cole sold 1,436 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $246.02, for a total transaction of $353,284.72. Following the transaction, the senior vice president now owns 5,522 shares of the company’s stock, valued at approximately $1,358,522.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Matthew Cole sold 1,436 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $246.02, for a total transaction of $353,284.72. Following the transaction, the senior vice president now owns 5,522 shares of the company’s stock, valued at approximately $1,358,522.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David W. Heinzmann sold 3,786 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $273.92, for a total value of $1,037,061.12. Following the transaction, the chief executive officer now directly owns 59,654 shares in the company, valued at approximately $16,340,423.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,328 shares of company stock valued at $4,437,986. Insiders own 2.30% of the company’s stock.

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.