Prospector Partners LLC Increases Stock Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Prospector Partners LLC boosted its position in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 0.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,930 shares of the technology company’s stock after acquiring an additional 320 shares during the period. Littelfuse accounts for about 2.1% of Prospector Partners LLC’s holdings, making the stock its 12th biggest position. Prospector Partners LLC owned 0.29% of Littelfuse worth $18,385,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of LFUS. Rathbones Group PLC boosted its position in shares of Littelfuse by 0.3% during the 2nd quarter. Rathbones Group PLC now owns 16,624 shares of the technology company’s stock valued at $4,249,000 after acquiring an additional 52 shares during the last quarter. Covestor Ltd lifted its position in 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 purchasing an additional 53 shares during the last quarter. Fifth Third Bancorp lifted its position in 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 purchasing an additional 57 shares during the last quarter. Signaturefd LLC grew its stake in Littelfuse by 14.4% in the 2nd quarter. Signaturefd LLC now owns 469 shares of the technology company’s stock worth $120,000 after buying an additional 59 shares in the last quarter. Finally, Studio Investment Management LLC increased its holdings in shares of Littelfuse by 3.8% in the 2nd quarter. Studio Investment Management LLC now owns 1,626 shares of the technology company’s stock worth $416,000 after buying an additional 60 shares during the last quarter. Institutional investors own 96.14% of the company’s stock.

Insider Activity

In related news, CEO David W. Heinzmann sold 3,786 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $273.92, for a total value of $1,037,061.12. Following the sale, the chief executive officer now directly owns 59,654 shares of the company’s stock, valued at $16,340,423.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO David W. Heinzmann sold 3,786 shares of Littelfuse stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $273.92, for a total value of $1,037,061.12. Following the sale, the chief executive officer now directly owns 59,654 shares in the company, valued at approximately $16,340,423.68. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO David W. Heinzmann sold 300 shares of the business’s 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 transaction, the chief executive officer now directly owns 59,654 shares in the company, valued at $16,295,683.18. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,328 shares of company stock valued at $4,437,986. Insiders own 2.30% of the company’s stock.

Littelfuse Trading Down 1.5 %

NASDAQ LFUS opened at $260.50 on Friday. The firm has a market cap of $6.46 billion, a PE 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 stock has a 50-day moving average of $257.84 and a 200-day moving average of $250.27. 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 (NASDAQ:LFUS) last announced its quarterly earnings data on Tuesday, July 30th. The technology company reported $1.97 earnings per share for the quarter, beating 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 firm had revenue of $558.49 million during the quarter, compared to the consensus estimate of $540.35 million. During the same quarter in the previous year, the company posted $3.12 earnings per share. The business’s revenue was down 8.7% on a year-over-year basis. As a group, sell-side analysts forecast that Littelfuse, Inc. will post 8.18 EPS for the current year.

Littelfuse Increases Dividend

The company 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. This is a boost from Littelfuse’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.07%. Littelfuse’s payout ratio is presently 32.07%.

Analyst Ratings Changes

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

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.