Littelfuse, Inc. (NASDAQ:LFUS) Shares Purchased by Brinker Capital Investments LLC

Brinker Capital Investments LLC grew its stake in shares of Littelfuse, Inc. (NASDAQ:LFUSGet Rating) by 0.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 5,252 shares of the technology company’s stock after acquiring an additional 46 shares during the period. Brinker Capital Investments LLC’s holdings in Littelfuse were worth $1,044,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Macquarie Group Ltd. increased its position in Littelfuse by 608.8% during the second quarter. Macquarie Group Ltd. now owns 116,620 shares of the technology company’s stock worth $29,626,000 after buying an additional 100,168 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Littelfuse by 15.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 739,890 shares of the technology company’s stock valued at $187,962,000 after acquiring an additional 99,652 shares during the period. Lazard Asset Management LLC boosted its holdings in Littelfuse by 583.4% during the second quarter. Lazard Asset Management LLC now owns 107,492 shares of the technology company’s stock valued at $27,307,000 after acquiring an additional 91,762 shares during the period. Wedge Capital Management L L P NC bought a new stake in shares of Littelfuse in the third quarter valued at about $18,042,000. Finally, Victory Capital Management Inc. lifted its stake in shares of Littelfuse by 30.5% in the second quarter. Victory Capital Management Inc. now owns 298,278 shares of the technology company’s stock valued at $75,775,000 after buying an additional 69,785 shares during the period. Institutional investors and hedge funds own 94.69% of the company’s stock.

Littelfuse Stock Up 2.3 %

Shares of LFUS opened at $243.82 on Monday. The stock has a market cap of $6.04 billion, a price-to-earnings ratio of 18.36, a P/E/G ratio of 1.42 and a beta of 1.25. The company has a quick ratio of 1.99, a current ratio of 3.19 and a debt-to-equity ratio of 0.47. Littelfuse, Inc. has a 12 month low of $192.19 and a 12 month high of $281.78. The company has a 50-day moving average price of $234.67 and a two-hundred day moving average price of $231.42.

Littelfuse (NASDAQ:LFUSGet Rating) last announced its quarterly earnings results on Tuesday, November 1st. The technology company reported $4.28 EPS for the quarter, topping analysts’ consensus estimates of $3.81 by $0.47. The firm had revenue of $658.88 million during the quarter, compared to analysts’ expectations of $638.13 million. Littelfuse had a net margin of 13.53% and a return on equity of 20.76%. Equities analysts predict that Littelfuse, Inc. will post 16.77 EPS for the current fiscal year.

Littelfuse Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 8th. Stockholders of record on Thursday, November 24th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Tuesday, November 22nd. Littelfuse’s payout ratio is 18.07%.

Insider Transactions at Littelfuse

In related news, SVP Matthew Cole sold 900 shares of the firm’s stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of $219.28, for a total value of $197,352.00. Following the completion of the sale, the senior vice president now owns 5,174 shares of the company’s stock, valued at $1,134,554.72. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Littelfuse news, SVP Matthew Cole sold 900 shares of Littelfuse stock in a transaction on Wednesday, November 9th. The shares were sold at an average price of $219.28, for a total transaction of $197,352.00. Following the completion of the sale, the senior vice president now owns 5,174 shares of the company’s stock, valued at approximately $1,134,554.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Jeffrey G. Gorski sold 300 shares of Littelfuse stock in a transaction on Friday, November 11th. The stock was sold at an average price of $236.14, for a total transaction of $70,842.00. Following the sale, the chief accounting officer now directly owns 2,563 shares of the company’s stock, valued at approximately $605,226.82. The disclosure for this sale can be found here. Company insiders own 2.40% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on LFUS shares. Cowen cut shares of Littelfuse from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $295.00 to $225.00 in a research note on Thursday, November 3rd. StockNews.com started coverage on shares of Littelfuse in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Cowen cut shares of Littelfuse from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $295.00 to $225.00 in a research note on Thursday, November 3rd. Jefferies Financial Group increased their target price on shares of Littelfuse from $254.00 to $295.00 in a research note on Tuesday, November 22nd. Finally, Stifel Nicolaus reduced their target price on shares of Littelfuse from $270.00 to $216.00 and set a “hold” rating for the company in a research note on Monday, October 10th. Six analysts have rated the stock with a hold rating, According to data from MarketBeat, Littelfuse presently has an average rating of “Hold” and an average price target of $241.20.

Littelfuse Profile

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Littelfuse, Inc engages in the manufacture of technologies in circuit protection, power control and sensing. It operates through the following segments: Electronics, Transportation, and Industrial. The Electronics segment covers a broad range of end markets, including industrial motor drives and power conversion, automotive electronics, electric vehicle and related infrastructure, power supplies, data centers and telecommunications, medical devices, alternative energy and energy storage, building and home automation, appliances, and mobile electronics.

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Institutional Ownership by Quarter for Littelfuse (NASDAQ:LFUS)

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