Ayrshire Capital Management LLC Has $5.52 Million Position in Littelfuse, Inc. (NASDAQ:LFUS)

Ayrshire Capital Management LLC trimmed its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 0.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,407 shares of the technology company’s stock after selling 133 shares during the quarter. Littelfuse comprises about 2.7% of Ayrshire Capital Management LLC’s portfolio, making the stock its 23rd biggest position. Ayrshire Capital Management LLC owned approximately 0.09% of Littelfuse worth $5,516,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Huntington National Bank boosted its position in shares of Littelfuse by 200.0% during 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 in the last quarter. Truvestments Capital LLC acquired a new stake in Littelfuse in the third quarter valued at approximately $27,000. UMB Bank n.a. raised its position in shares of 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 purchasing an additional 59 shares during the period. Meeder Asset Management Inc. acquired a new stake in Littelfuse in the 3rd quarter valued at $53,000. Finally, GAMMA Investing LLC increased its stake in Littelfuse by 41.8% during the 3rd quarter. GAMMA Investing LLC now owns 234 shares of the technology company’s stock valued at $62,000 after purchasing an additional 69 shares in the last quarter. Institutional investors own 96.14% of the company’s stock.

Insider Buying and Selling

In other Littelfuse news, CAO Jeffrey G. Gorski sold 700 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $249.02, for a total value of $174,314.00. Following the completion of the sale, the chief accounting officer now owns 3,105 shares in the company, valued at approximately $773,207.10. This trade represents a 18.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on LFUS shares. Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a research note on Wednesday, October 30th. Oppenheimer upgraded Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price target for the company in a research note on Thursday, October 17th. Finally, StockNews.com raised Littelfuse from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Littelfuse has a consensus rating of “Moderate Buy” and an average price target of $285.00.

Littelfuse Price Performance

Littelfuse stock opened at $232.64 on Tuesday. Littelfuse, Inc. has a 12 month low of $222.91 and a 12 month 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 business’s 50 day simple moving average is $243.69 and its 200 day simple moving average is $252.44. The company has a market cap of $5.77 billion, a price-to-earnings ratio of 29.90, a PEG ratio of 2.42 and a beta of 1.26.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.71 EPS 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 company had revenue of $567.39 million during the quarter, compared to analyst estimates of $557.38 million. During the same period last year, the business earned $2.97 earnings per share. Littelfuse’s revenue was down 6.5% compared to the same quarter last year. Sell-side analysts forecast that Littelfuse, Inc. will post 8.47 EPS for the current year.

Littelfuse Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.20%. Littelfuse’s dividend payout ratio (DPR) 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.