Wrapmanager Inc. Reduces Position in Littelfuse, Inc. (NASDAQ:LFUS)

Wrapmanager Inc. decreased its position in Littelfuse, Inc. (NASDAQ:LFUS) by 14.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 864 shares of the technology company’s stock after selling 146 shares during the quarter. Wrapmanager Inc.’s holdings in Littelfuse were worth $229,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Van Lanschot Kempen Investment Management N.V. purchased a new stake in Littelfuse in the 2nd quarter worth approximately $100,662,000. Westwood Holdings Group Inc. grew its holdings in Littelfuse by 223.8% in the 1st quarter. Westwood Holdings Group Inc. now owns 313,927 shares of the technology company’s stock valued at $76,080,000 after buying an additional 216,985 shares during the period. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Littelfuse during the second quarter worth approximately $46,037,000. Victory Capital Management Inc. increased its holdings in shares of 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 last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings 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 last quarter. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on LFUS. Robert W. Baird raised their price target on shares of Littelfuse from $300.00 to $315.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. Oppenheimer raised Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price objective on the stock in a research report on Thursday, October 17th. Benchmark reissued a “hold” rating on shares of Littelfuse in a research report on Wednesday, October 30th. TD Cowen raised their price target on shares of Littelfuse from $250.00 to $260.00 and gave the company a “hold” rating in a report on Thursday, August 1st. Finally, StockNews.com upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $285.00.

Littelfuse Stock Performance

Shares of Littelfuse stock opened at $237.82 on Wednesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.52 and a current ratio of 3.55. Littelfuse, Inc. has a 1 year low of $222.91 and a 1 year high of $275.58. The firm’s 50-day simple moving average is $255.12 and its 200-day simple moving average is $256.65. The firm has a market cap of $5.90 billion, a PE ratio of 30.57, a price-to-earnings-growth ratio of 2.37 and a beta of 1.28.

Littelfuse (NASDAQ:LFUS) last issued its earnings results on Tuesday, October 29th. The technology company reported $2.71 EPS for the quarter, topping the consensus estimate of $2.09 by $0.62. The company had revenue of $567.39 million during the quarter, compared to analyst estimates of $557.38 million. Littelfuse had a return on equity of 8.49% and a net margin of 8.88%. The business’s revenue was down 6.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.97 EPS. Equities analysts forecast that Littelfuse, Inc. will post 8.47 earnings per share for the current fiscal year.

Littelfuse Announces Dividend

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 given 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 1.18%. Littelfuse’s dividend payout ratio is currently 35.99%.

Insider Buying and Selling

In other news, SVP Matthew Cole sold 1,436 shares of the business’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 transaction of $353,284.72. Following the completion of the transaction, the senior vice president now directly owns 5,522 shares in the company, valued at approximately $1,358,522.44. The trade was a 20.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO David W. Heinzmann sold 2,091 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $274.65, for a total value of $574,293.15. Following the completion of the sale, the chief executive officer now owns 59,654 shares in the company, valued at approximately $16,383,971.10. This represents a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,242 shares of company stock worth $3,318,974 in the last three months. 2.30% of the stock is owned by insiders.

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.