Radnor Capital Management LLC Takes Position in Littelfuse, Inc. (NASDAQ:LFUS)

Radnor Capital Management LLC acquired a new stake in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,440 shares of the technology company's stock, valued at approximately $647,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LFUS. CWM LLC raised its stake in Littelfuse by 410.7% during the second quarter. CWM LLC now owns 143 shares of the technology company's stock worth $37,000 after acquiring an additional 115 shares in the last quarter. UMB Bank n.a. lifted its holdings in Littelfuse by 70.2% during the 3rd quarter. UMB Bank n.a. now owns 143 shares of the technology company's stock valued at $38,000 after purchasing an additional 59 shares during the last quarter. GAMMA Investing LLC boosted its position in Littelfuse by 275.0% in the second quarter. GAMMA Investing LLC now owns 165 shares of the technology company's stock valued at $42,000 after buying an additional 121 shares in the last quarter. EntryPoint Capital LLC bought a new stake in Littelfuse during the first quarter worth about $50,000. Finally, Covestor Ltd increased its holdings in shares of Littelfuse by 28.5% during the first quarter. Covestor Ltd now owns 239 shares of the technology company's stock worth $58,000 after buying an additional 53 shares in the last quarter. 96.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. TD Cowen boosted 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. Robert W. Baird increased their target price on Littelfuse from $300.00 to $315.00 and gave the stock an "outperform" rating in a report on Thursday, August 29th. Oppenheimer raised Littelfuse from a "market perform" rating to an "outperform" rating and set a $310.00 price target for the company in a report on Thursday, October 17th. Stifel Nicolaus raised shares of Littelfuse from a "hold" rating to a "buy" rating and increased their price objective for the stock from $270.00 to $280.00 in a report on Tuesday, August 13th. Finally, Benchmark restated a "hold" rating on shares of Littelfuse in a research report on Wednesday, October 30th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $285.00.

Littelfuse Trading Down 0.2 %

Shares of Littelfuse stock traded down $0.60 during trading hours on Thursday, hitting $260.20. The company's stock had a trading volume of 41,308 shares, compared to its average volume of 129,038. 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 stock has a 50 day moving average of $256.68 and a 200 day moving average of $255.46. Littelfuse, Inc. has a 12 month low of $222.91 and a 12 month high of $275.58. The company has a market capitalization of $6.46 billion, a PE ratio of 33.52, a price-to-earnings-growth ratio of 2.45 and a beta of 1.28.

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 analysts' consensus estimates of $2.09 by $0.62. The business 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%. Littelfuse's revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.97 EPS. Analysts predict that Littelfuse, Inc. will post 8.47 earnings per share for the current year.

Littelfuse Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors 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 1.08%. Littelfuse's dividend payout ratio is presently 35.99%.

Insider Buying and Selling

In other news, SVP Matthew Cole sold 1,436 shares of the business's 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 transaction, the senior vice president now directly owns 5,522 shares in the company, valued at $1,358,522.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, SVP Matthew Cole sold 1,436 shares of the firm's stock in a transaction dated 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 sale, the senior vice president now directly owns 5,522 shares in the company, valued at approximately $1,358,522.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO David W. Heinzmann sold 2,091 shares of the firm's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $274.65, for a total transaction of $574,293.15. Following the completion of the sale, the chief executive officer now owns 59,654 shares of the company's stock, valued at $16,383,971.10. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,242 shares of company stock worth $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.