Segall Bryant & Hamill LLC Acquires 5,013 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Segall Bryant & Hamill LLC increased its position in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 3.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 166,808 shares of the technology company's stock after purchasing an additional 5,013 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.67% of Littelfuse worth $44,246,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of LFUS. Huntington National Bank boosted its holdings in Littelfuse by 200.0% in the third quarter. Huntington National Bank now owns 96 shares of the technology company's stock worth $25,000 after acquiring an additional 64 shares in the last quarter. CWM LLC boosted its position in Littelfuse by 410.7% during the 2nd quarter. CWM LLC now owns 143 shares of the technology company's stock valued at $37,000 after acquiring an additional 115 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Littelfuse by 70.2% in the 3rd quarter. UMB Bank n.a. now owns 143 shares of the technology company's stock worth $38,000 after purchasing an additional 59 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Littelfuse by 275.0% during the 2nd quarter. GAMMA Investing LLC now owns 165 shares of the technology company's stock valued at $42,000 after buying an additional 121 shares during the last quarter. Finally, EntryPoint Capital LLC purchased a new position in shares of Littelfuse in the 1st quarter valued at about $50,000. 96.14% of the stock is owned by hedge funds and other institutional investors.

Littelfuse Stock Performance

NASDAQ LFUS traded down $1.89 during trading hours on Wednesday, hitting $235.93. The company's stock had a trading volume of 29,232 shares, compared to its average volume of 127,772. Littelfuse, Inc. has a 12 month low of $222.91 and a 12 month high of $275.58. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.55 and a quick ratio of 2.52. The company has a market cap of $5.86 billion, a P/E ratio of 30.57, a price-to-earnings-growth ratio of 2.37 and a beta of 1.28. The company's 50 day simple moving average is $254.99 and its two-hundred day simple moving average is $256.59.

Littelfuse (NASDAQ:LFUS - Get Free Report) last announced its 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 company had revenue of $567.39 million for 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 firm's quarterly revenue was down 6.5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.97 EPS. As a group, sell-side analysts expect that Littelfuse, Inc. will post 8.47 EPS for the current fiscal year.

Littelfuse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend is Thursday, November 21st. Littelfuse's dividend payout ratio is presently 35.99%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on LFUS shares. Stifel Nicolaus upgraded Littelfuse from a "hold" rating to a "buy" rating and raised their price target for the company from $270.00 to $280.00 in a research note on Tuesday, August 13th. Oppenheimer upgraded shares of Littelfuse from a "market perform" rating to an "outperform" rating and set a $310.00 target price on the stock in a research note on Thursday, October 17th. TD Cowen raised their target price on shares of Littelfuse from $250.00 to $260.00 and gave the stock a "hold" rating in a report on Thursday, August 1st. StockNews.com upgraded shares of Littelfuse from a "hold" rating to a "buy" rating in a research note on Friday, October 18th. Finally, Robert W. Baird boosted their target price on shares of Littelfuse from $300.00 to $315.00 and gave the stock an "outperform" rating in a research note on Thursday, August 29th. Three equities research 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's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $285.00.

Insider Activity at Littelfuse

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 sale, the senior vice president now owns 5,522 shares of the company's stock, 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 at the SEC website. Also, CEO David W. Heinzmann sold 2,091 shares of the business's stock in a transaction on Monday, August 26th. The shares were sold at an average price of $274.65, for a total transaction of $574,293.15. Following the transaction, 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 12,242 shares of company stock valued at $3,318,974 in the last ninety days. Corporate 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.