Royce & Associates LP Grows Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Royce & Associates LP boosted its position in Littelfuse, Inc. (NASDAQ:LFUS) by 5.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 215,383 shares of the technology company’s stock after acquiring an additional 12,079 shares during the quarter. Royce & Associates LP’s holdings in Littelfuse were worth $57,130,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. CIBC Asset Management Inc purchased a new position in Littelfuse in the third quarter valued at about $201,000. Zions Bancorporation N.A. raised its position in shares of Littelfuse by 17.7% in the 3rd quarter. Zions Bancorporation N.A. now owns 5,463 shares of the technology company’s stock valued at $1,449,000 after purchasing an additional 822 shares in the last quarter. Huntington National Bank boosted its stake in shares of Littelfuse by 200.0% during the 3rd quarter. Huntington National Bank now owns 96 shares of the technology company’s stock valued at $25,000 after buying an additional 64 shares during the last quarter. KBC Group NV grew its position in shares of Littelfuse by 15.1% during the third quarter. KBC Group NV now owns 731 shares of the technology company’s stock worth $194,000 after buying an additional 96 shares in the last quarter. Finally, MQS Management LLC bought a new stake in shares of Littelfuse in the third quarter worth $261,000. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Littelfuse Stock Down 1.4 %

Shares of Littelfuse stock opened at $249.30 on Friday. The stock has a market capitalization of $6.19 billion, a price-to-earnings ratio of 32.04, a PEG ratio of 2.49 and a beta of 1.28. Littelfuse, Inc. has a twelve month low of $222.91 and a twelve month high of $275.58. The company has a current ratio of 3.55, a quick ratio of 2.52 and a debt-to-equity ratio of 0.31. The business’s 50 day simple moving average is $255.64 and its 200-day simple moving average is $256.32.

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

Littelfuse Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be paid a $0.70 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.80 annualized dividend and a dividend yield of 1.12%. Littelfuse’s payout ratio is currently 35.99%.

Analyst Upgrades and Downgrades

LFUS has been the subject of several recent analyst reports. StockNews.com raised shares of Littelfuse from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Robert W. Baird lifted their price target on Littelfuse from $300.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Oppenheimer upgraded Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price objective on the stock in a research note on Thursday, October 17th. TD Cowen boosted their price target on Littelfuse from $250.00 to $260.00 and gave the company a “hold” rating in a report on Thursday, August 1st. Finally, Benchmark restated a “hold” rating on shares of Littelfuse in a research note on Wednesday, October 30th. Three 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’s stock. According to data from MarketBeat, Littelfuse currently has an average rating of “Moderate Buy” and a consensus target price of $285.00.

Insider Activity

In related news, SVP Matthew Cole sold 1,436 shares of Littelfuse 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 sale, the senior vice president now directly owns 5,522 shares in the company, valued at $1,358,522.44. The trade was a 20.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David W. Heinzmann sold 8,715 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $274.40, for a total transaction of $2,391,396.00. Following the completion of the transaction, the chief executive officer now owns 59,654 shares of the company’s stock, valued at $16,369,057.60. This represents a 12.75 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,242 shares of company stock valued at $3,318,974. Insiders own 2.30% of the company’s stock.

Littelfuse 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.