Copeland Capital Management LLC grew its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 0.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 261,134 shares of the technology company's stock after purchasing an additional 1,996 shares during the quarter. Copeland Capital Management LLC owned approximately 1.05% of Littelfuse worth $69,266,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of LFUS. CWM LLC grew its stake 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. lifted its position in Littelfuse by 70.2% during the third quarter. UMB Bank n.a. now owns 143 shares of the technology company's stock worth $38,000 after buying an additional 59 shares in the last quarter. GAMMA Investing LLC boosted its stake in Littelfuse by 275.0% during the second quarter. GAMMA Investing LLC now owns 165 shares of the technology company's stock worth $42,000 after buying an additional 121 shares during the last quarter. EntryPoint Capital LLC purchased a new stake in Littelfuse in the 1st quarter valued at $50,000. Finally, Covestor Ltd increased its stake in shares of Littelfuse by 28.5% in the 1st quarter. Covestor Ltd now owns 239 shares of the technology company's stock worth $58,000 after acquiring an additional 53 shares during the last quarter. Hedge funds and other institutional investors own 96.14% of the company's stock.
Wall Street Analysts Forecast Growth
LFUS has been the topic of a number of analyst reports. StockNews.com raised shares of Littelfuse from a "hold" rating to a "buy" rating in a research note on Friday. TD Cowen increased their price objective on Littelfuse from $250.00 to $260.00 and gave the stock a "hold" rating in a research report on Thursday, August 1st. Stifel Nicolaus raised Littelfuse from a "hold" rating to a "buy" rating and upped their price target for the company from $270.00 to $280.00 in a research note on Tuesday, August 13th. Robert W. Baird raised their price objective on Littelfuse from $300.00 to $315.00 and gave the stock an "outperform" rating in a research report on Thursday, August 29th. Finally, Oppenheimer raised 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 report on Thursday, October 17th. 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $285.00.
Read Our Latest Report on Littelfuse
Littelfuse Trading Down 0.5 %
NASDAQ:LFUS traded down $1.21 on Tuesday, reaching $253.84. 80,477 shares of the company's stock were exchanged, compared to its average volume of 129,796. The firm has a market capitalization of $6.29 billion, a price-to-earnings ratio of 29.22, a price-to-earnings-growth ratio of 2.64 and a beta of 1.27. Littelfuse, Inc. has a 52-week low of $212.80 and a 52-week high of $275.58. The company has a quick ratio of 2.42, a current ratio of 3.50 and a debt-to-equity ratio of 0.32. The business has a fifty day moving average of $259.40 and a 200-day moving average of $253.90.
Littelfuse (NASDAQ:LFUS - Get Free Report) last released its earnings results on Tuesday, July 30th. The technology company reported $1.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.75 by $0.22. The firm had revenue of $558.49 million during the quarter, compared to analyst estimates of $540.35 million. Littelfuse had a return on equity of 8.91% and a net margin of 8.71%. Littelfuse's revenue was down 8.7% compared to the same quarter last year. During the same period last year, the business posted $3.12 earnings per share. As a group, analysts expect that Littelfuse, Inc. will post 8.18 earnings per share for the current year.
Littelfuse Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 22nd were given a $0.70 dividend. The ex-dividend date was Thursday, August 22nd. This is an increase from Littelfuse's previous quarterly dividend of $0.65. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.10%. Littelfuse's dividend payout ratio is currently 32.07%.
Insider Transactions at Littelfuse
In other news, CEO David W. Heinzmann sold 8,715 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $274.40, for a total value of $2,391,396.00. Following the transaction, the chief executive officer now owns 59,654 shares in the company, valued at approximately $16,369,057.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Littelfuse news, CEO David W. Heinzmann sold 2,091 shares of the company's stock in a transaction 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 transaction, the chief executive officer now owns 59,654 shares in the company, valued at $16,383,971.10. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO David W. Heinzmann sold 8,715 shares of Littelfuse stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $274.40, for a total value of $2,391,396.00. Following the sale, the chief executive officer now owns 59,654 shares in the company, valued at $16,369,057.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 16,028 shares of company stock valued at $4,356,035. Insiders own 2.30% of the company's stock.
Littelfuse Profile
(
Free Report)
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.
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