Littelfuse, Inc. (NASDAQ:LFUS) Stock Holdings Increased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans grew its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 1.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 278,158 shares of the technology company's stock after purchasing an additional 3,831 shares during the quarter. Thrivent Financial for Lutherans owned approximately 1.12% of Littelfuse worth $73,781,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in LFUS. Huntington National Bank boosted its stake in Littelfuse by 200.0% in the 3rd quarter. Huntington National Bank now owns 96 shares of the technology company's stock worth $25,000 after purchasing an additional 64 shares during the period. CWM LLC lifted its position in Littelfuse by 410.7% in the second quarter. CWM LLC now owns 143 shares of the technology company's stock worth $37,000 after buying an additional 115 shares during the last quarter. UMB Bank n.a. lifted its position in Littelfuse by 70.2% in 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 during the last quarter. GAMMA Investing LLC increased its stake in Littelfuse by 275.0% in the second quarter. GAMMA Investing LLC now owns 165 shares of the technology company's stock worth $42,000 after purchasing an additional 121 shares during the period. Finally, EntryPoint Capital LLC purchased a new stake in Littelfuse in the first quarter worth $50,000. Hedge funds and other institutional investors own 96.14% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LFUS. StockNews.com upgraded Littelfuse from a "hold" rating to a "buy" rating in a research note on Friday, October 18th. Oppenheimer upgraded Littelfuse from a "market perform" rating to an "outperform" rating and set a $310.00 price target on the stock in a research note on Thursday, October 17th. 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. Benchmark restated a "hold" rating on shares of Littelfuse in a research note on Wednesday, October 30th. Finally, Robert W. Baird raised their price target on Littelfuse from $300.00 to $315.00 and gave the company 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 given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Littelfuse presently has an average rating of "Moderate Buy" and an average target price of $285.00.

Insiders Place Their Bets

In other Littelfuse news, CEO David W. Heinzmann sold 2,091 shares of the stock in a transaction that occurred 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 of the company's stock, valued at $16,383,971.10. This trade represents a 3.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Matthew Cole sold 1,436 shares of the 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 transaction, the senior vice president now directly owns 5,522 shares in the company, valued at approximately $1,358,522.44. This represents a 20.64 % decrease in their position. 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. 2.30% of the stock is owned by company insiders.

Littelfuse Trading Down 0.7 %

Littelfuse stock traded down $1.73 during trading on Monday, hitting $239.36. The company had a trading volume of 141,391 shares, compared to its average volume of 128,423. Littelfuse, Inc. has a 1-year low of $222.91 and a 1-year high of $275.58. 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's 50 day simple moving average is $255.32 and its 200-day simple moving average is $256.65. The stock has a market cap of $5.94 billion, a price-to-earnings ratio of 30.91, a price-to-earnings-growth ratio of 2.37 and a beta of 1.28.

Littelfuse (NASDAQ:LFUS - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.62. Littelfuse had a net margin of 8.88% and a return on equity of 8.49%. The business had revenue of $567.39 million during the quarter, compared to analysts' expectations of $557.38 million. During the same period in the previous year, the company earned $2.97 EPS. The company's revenue for the quarter was down 6.5% on a year-over-year basis. As a group, analysts expect that Littelfuse, Inc. will post 8.47 EPS for the current fiscal year.

Littelfuse Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.80 annualized dividend and a yield of 1.17%. Littelfuse's payout ratio is currently 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.