Loomis Sayles & Co. L P Lowers Stock Position in Littelfuse, Inc. (NASDAQ:LFUS)

Loomis Sayles & Co. L P cut its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 1.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 99,136 shares of the technology company’s stock after selling 1,542 shares during the period. Loomis Sayles & Co. L P owned 0.40% of Littelfuse worth $26,296,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of LFUS. Huntington National Bank increased its holdings in shares of Littelfuse by 200.0% in the 3rd quarter. Huntington National Bank now owns 96 shares of the technology company’s stock valued at $25,000 after acquiring an additional 64 shares during the period. CWM LLC boosted 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. grew its stake in Littelfuse by 70.2% in the third 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 raised its holdings 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 in the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Littelfuse during the third quarter valued at about $53,000. 96.14% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Littelfuse

In other news, SVP Matthew Cole sold 1,436 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $246.02, for a total value of $353,284.72. Following the sale, the senior vice president now owns 5,522 shares in the company, valued at $1,358,522.44. This represents a 20.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.30% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LFUS. Robert W. Baird boosted their price objective on shares of Littelfuse from $300.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Stifel Nicolaus upgraded Littelfuse from a “hold” rating to a “buy” rating and increased their price objective for the company from $270.00 to $280.00 in a report on Tuesday, August 13th. 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 report on Thursday, October 17th. TD Cowen upped their target price on Littelfuse from $250.00 to $260.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Finally, Benchmark reissued a “hold” rating on shares of Littelfuse in a report on Wednesday, October 30th. Three 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’s stock. According to MarketBeat.com, Littelfuse presently has a consensus rating of “Moderate Buy” and a consensus price target of $285.00.

Littelfuse Stock Performance

Shares of LFUS stock opened at $247.29 on Wednesday. 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 business has a fifty day moving average of $254.42 and a 200 day moving average of $256.17. The firm has a market capitalization of $6.14 billion, a price-to-earnings ratio of 31.79, a price-to-earnings-growth ratio of 2.40 and a beta of 1.28. Littelfuse, Inc. has a 1 year low of $222.91 and a 1 year high of $275.58.

Littelfuse (NASDAQ:LFUS) last announced 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. The firm had revenue of $567.39 million during the quarter, compared to analysts’ expectations of $557.38 million. Littelfuse had a return on equity of 8.49% and a net margin of 8.88%. The company’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period last year, the business posted $2.97 earnings per share. As a group, research 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. Stockholders of record on Thursday, November 21st will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Thursday, November 21st. Littelfuse’s dividend payout ratio (DPR) 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.