Impax Asset Management Group plc Cuts Position in Littelfuse, Inc. (NASDAQ:LFUS)

Impax Asset Management Group plc reduced its stake in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 3.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 702,947 shares of the technology company's stock after selling 25,309 shares during the quarter. Impax Asset Management Group plc owned about 2.84% of Littelfuse worth $185,371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. US Bancorp DE raised its holdings in shares of Littelfuse by 1.4% during the third quarter. US Bancorp DE now owns 3,436 shares of the technology company's stock valued at $911,000 after acquiring an additional 49 shares in the last quarter. Rathbones Group PLC raised its holdings in Littelfuse by 0.3% in the second quarter. Rathbones Group PLC now owns 16,624 shares of the technology company's stock worth $4,249,000 after buying an additional 52 shares during the last quarter. Covestor Ltd boosted its stake in Littelfuse by 28.5% during the 1st quarter. Covestor Ltd now owns 239 shares of the technology company's stock valued at $58,000 after purchasing an additional 53 shares during the last quarter. Tributary Capital Management LLC raised its position in Littelfuse by 1.4% in the 3rd quarter. Tributary Capital Management LLC now owns 3,940 shares of the technology company's stock worth $1,045,000 after buying an additional 55 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in Littelfuse by 21.4% during the second quarter. Fifth Third Bancorp now owns 323 shares of the technology company's stock valued at $83,000 after purchasing an additional 57 shares during the period. Hedge funds and other institutional investors own 96.14% of the company's stock.

Analysts Set New Price Targets

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

Insider Transactions at Littelfuse

In other Littelfuse news, SVP Matthew Cole sold 1,436 shares of the firm's stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $246.02, for a total value of $353,284.72. Following the completion of the transaction, the senior vice president now owns 5,522 shares of the company's stock, valued at $1,358,522.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, CEO David W. Heinzmann sold 8,715 shares of the company's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $274.40, for a total value of $2,391,396.00. Following the completion of the sale, the chief executive officer now owns 59,654 shares in the company, valued at $16,369,057.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Matthew Cole sold 1,436 shares of the company's stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $246.02, for a total value of $353,284.72. Following the sale, the senior vice president now directly owns 5,522 shares of the company's stock, valued at approximately $1,358,522.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,242 shares of company stock worth $3,318,974. 2.30% of the stock is currently owned by company insiders.

Littelfuse Stock Performance

LFUS stock traded up $0.94 during midday trading on Tuesday, hitting $249.44. 107,233 shares of the stock traded hands, compared to its average volume of 129,272. The stock's fifty day simple moving average is $256.83 and its 200-day simple moving average is $255.42. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.55 and a quick ratio of 2.52. Littelfuse, Inc. has a 1-year low of $222.91 and a 1-year high of $275.58. The firm has a market cap of $6.19 billion, a P/E ratio of 32.06, a PEG ratio of 2.45 and a beta of 1.28.

Littelfuse (NASDAQ:LFUS - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.71 EPS for the quarter, topping the consensus estimate of $2.09 by $0.62. The company had revenue of $567.39 million during 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%. Littelfuse's quarterly revenue was down 6.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.97 EPS. On average, analysts expect that Littelfuse, Inc. will post 8.47 earnings per share for the current year.

Littelfuse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be given a $0.70 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.80 annualized dividend and a yield of 1.12%. Littelfuse's payout ratio is 35.99%.

About Littelfuse

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.