Truvestments Capital LLC Buys New Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Truvestments Capital LLC purchased a new position in Littelfuse, Inc. (NASDAQ:LFUS) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 102 shares of the technology company’s stock, valued at approximately $27,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Huntington National Bank boosted its position in shares of Littelfuse by 200.0% during the third quarter. Huntington National Bank now owns 96 shares of the technology company’s stock worth $25,000 after acquiring an additional 64 shares during the last quarter. CWM LLC grew its position in shares of 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. increased its holdings in shares of 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 purchasing an additional 59 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of 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 buying an additional 121 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new position in Littelfuse during the third quarter valued at approximately $53,000. 96.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Littelfuse 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 value of $353,284.72. Following the completion of the sale, the senior vice president now directly owns 5,522 shares of the company’s stock, valued at $1,358,522.44. The trade was a 20.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Stifel Nicolaus raised Littelfuse from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $270.00 to $280.00 in a research note on Tuesday, August 13th. Oppenheimer raised shares of 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. TD Cowen lifted their price objective on shares of Littelfuse from $250.00 to $260.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Benchmark restated a “hold” rating on shares of Littelfuse in a research report on Wednesday, October 30th. Finally, StockNews.com upgraded Littelfuse from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $285.00.

Littelfuse Price Performance

LFUS stock opened at $245.84 on Friday. The company has a current ratio of 3.55, a quick ratio of 2.52 and a debt-to-equity ratio of 0.31. Littelfuse, Inc. has a 12 month low of $222.91 and a 12 month high of $275.58. The stock has a market cap of $6.10 billion, a PE ratio of 31.60, a P/E/G ratio of 2.47 and a beta of 1.28. The company has a 50-day moving average price of $253.91 and a 200 day moving average price of $256.02.

Littelfuse (NASDAQ:LFUS) last released its earnings results 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 return on equity of 8.49% and a net margin of 8.88%. The firm had revenue of $567.39 million for the quarter, compared to analysts’ expectations of $557.38 million. During the same quarter in the prior year, the firm posted $2.97 earnings per share. The company’s quarterly revenue was down 6.5% on a year-over-year basis. Equities research analysts anticipate that Littelfuse, Inc. will post 8.47 earnings per share for the current year.

Littelfuse Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Thursday, November 21st. Littelfuse’s payout ratio is presently 35.99%.

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.