Littelfuse, Inc. (NASDAQ:LFUS) Shares Bought by Eagle Asset Management Inc.

Eagle Asset Management Inc. grew its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 17.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 60,278 shares of the technology company's stock after purchasing an additional 8,767 shares during the quarter. Eagle Asset Management Inc. owned approximately 0.24% of Littelfuse worth $15,540,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in LFUS. Van Lanschot Kempen Investment Management N.V. acquired a new stake in Littelfuse in the 2nd quarter worth about $100,662,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Littelfuse in the second quarter worth approximately $46,037,000. Victory Capital Management Inc. grew its holdings in Littelfuse by 13.2% in the second quarter. Victory Capital Management Inc. now owns 501,504 shares of the technology company's stock valued at $128,179,000 after purchasing an additional 58,529 shares during the period. Jennison Associates LLC increased its position in Littelfuse by 38.4% during the third quarter. Jennison Associates LLC now owns 181,141 shares of the technology company's stock worth $48,048,000 after purchasing an additional 50,304 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Littelfuse by 13.4% during the second quarter. Dimensional Fund Advisors LP now owns 419,586 shares of the technology company's stock worth $107,244,000 after purchasing an additional 49,588 shares during the period. Institutional investors and hedge funds own 96.14% of the company's stock.

Wall Street Analysts Forecast Growth

LFUS has been the topic of several research reports. Benchmark reaffirmed a "hold" rating on shares of Littelfuse in a research report on Wednesday, October 30th. StockNews.com upgraded Littelfuse from a "hold" rating to a "buy" rating in a report on Friday, October 18th. Stifel Nicolaus raised shares of Littelfuse from a "hold" rating to a "buy" rating and lifted their price target for the company from $270.00 to $280.00 in a research report on Tuesday, August 13th. TD Cowen raised their target price on shares of Littelfuse from $250.00 to $260.00 and gave the company a "hold" rating in a research note on Thursday, August 1st. Finally, Oppenheimer raised shares of Littelfuse from a "market perform" rating to an "outperform" rating and set a $310.00 price target for the company in a research report on Thursday, October 17th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $285.00.

Insider Activity

In related 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 owns 5,522 shares in the company, valued at $1,358,522.44. The trade was a 20.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David W. Heinzmann sold 2,091 shares of the stock in a transaction on Monday, August 26th. The stock was 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 directly owns 59,654 shares in the company, valued at $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. Company insiders own 2.30% of the company's stock.

Littelfuse Stock Up 2.2 %

LFUS stock traded up $5.16 during trading on Friday, reaching $243.82. The stock had a trading volume of 139,822 shares, compared to its average volume of 113,295. The firm has a fifty day moving average price of $254.58 and a 200 day moving average price of $256.27. 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 company has a market capitalization of $6.05 billion, a P/E ratio of 31.34, a PEG ratio of 2.35 and a beta of 1.28. Littelfuse, Inc. has a 1-year low of $222.91 and a 1-year high of $275.58.

Littelfuse (NASDAQ:LFUS - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.62. The firm had revenue of $567.39 million for the quarter, compared to analysts' expectations of $557.38 million. Littelfuse had a net margin of 8.88% and a return on equity of 8.49%. The firm's quarterly revenue was down 6.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.97 earnings per share. On average, equities analysts anticipate that Littelfuse, Inc. will post 8.47 earnings per share for the current year.

Littelfuse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be given a $0.70 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.80 annualized dividend and a dividend yield of 1.15%. Littelfuse's payout ratio is 35.99%.

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.