Van ECK Associates Corp Acquires 5,127 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Van ECK Associates Corp grew its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 18.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 33,409 shares of the technology company's stock after buying an additional 5,127 shares during the period. Van ECK Associates Corp owned 0.13% of Littelfuse worth $8,457,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. CWM LLC lifted its position in Littelfuse by 410.7% during the second quarter. CWM LLC now owns 143 shares of the technology company's stock valued at $37,000 after purchasing an additional 115 shares in the last quarter. UMB Bank n.a. boosted its position 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 acquiring an additional 59 shares in the last quarter. GAMMA Investing LLC raised its stake in Littelfuse by 275.0% in the 2nd quarter. GAMMA Investing LLC now owns 165 shares of the technology company's stock worth $42,000 after acquiring an additional 121 shares during the last quarter. EntryPoint Capital LLC purchased a new stake in Littelfuse in the first quarter valued at $50,000. Finally, Covestor Ltd boosted its position in Littelfuse by 28.5% in the 1st quarter. Covestor Ltd now owns 239 shares of the technology company's stock worth $58,000 after purchasing an additional 53 shares in the last quarter. Hedge funds and other institutional investors own 96.14% of the company's stock.

Insider Buying and Selling at Littelfuse

In other Littelfuse news, CEO David W. Heinzmann sold 2,091 shares of the business's 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 sale, the chief executive officer now directly owns 59,654 shares of the company's stock, valued at $16,383,971.10. The trade was 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 news, SVP Matthew Cole sold 1,436 shares of the company's stock in a transaction 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 transaction, the senior vice president now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO David W. Heinzmann sold 2,091 shares of the company's stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $274.65, for a total value of $574,293.15. Following the completion of the sale, the chief executive officer now directly owns 59,654 shares of the company's stock, valued at approximately $16,383,971.10. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,242 shares of company stock worth $3,318,974 over the last 90 days. Insiders own 2.30% of the company's stock.

Wall Street Analysts Forecast Growth

LFUS has been the subject of several research reports. Robert W. Baird boosted their price target on Littelfuse from $300.00 to $315.00 and gave the stock an "outperform" rating in a research report on Thursday, August 29th. TD Cowen raised their price objective on Littelfuse from $250.00 to $260.00 and gave the stock a "hold" rating in a report on Thursday, August 1st. Oppenheimer raised Littelfuse from a "market perform" rating to an "outperform" rating and set a $310.00 price objective for the company in a research note on Thursday, October 17th. Stifel Nicolaus upgraded Littelfuse from a "hold" rating to a "buy" rating and lifted their price target for the company from $270.00 to $280.00 in a research note on Tuesday, August 13th. Finally, Benchmark reissued a "hold" rating on shares of Littelfuse in a report on Wednesday, October 30th. Three 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $285.00.

Littelfuse Stock Down 0.5 %

Shares of Littelfuse stock traded down $1.37 on Thursday, hitting $259.43. 45,956 shares of the company traded hands, compared to its average volume of 129,117. The company has a quick ratio of 2.52, a current ratio of 3.55 and a debt-to-equity ratio of 0.31. The company has a market cap of $6.44 billion, a PE ratio of 33.52, a PEG ratio of 2.45 and a beta of 1.28. The company has a 50-day moving average price of $256.68 and a 200 day moving average price of $255.46. Littelfuse, Inc. has a 12-month low of $222.91 and a 12-month high of $275.58.

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

Littelfuse Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be issued 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 1.08%. Littelfuse's payout ratio is currently 35.99%.

Littelfuse Company 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.