Littelfuse, Inc. (NASDAQ:LFUS) Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. cut its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 1.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 69,119 shares of the technology company’s stock after selling 889 shares during the period. Rockefeller Capital Management L.P. owned 0.28% of Littelfuse worth $18,331,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Huntington National Bank lifted its stake in 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 buying an additional 64 shares in the last quarter. Truvestments Capital LLC acquired a new stake in shares of Littelfuse during the 3rd quarter worth approximately $27,000. CWM LLC increased its holdings in shares of Littelfuse by 410.7% during the 2nd 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. increased its holdings in shares of Littelfuse by 70.2% during the 3rd 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. Finally, GAMMA Investing LLC increased its holdings in Littelfuse by 275.0% in the 2nd quarter. GAMMA Investing LLC now owns 165 shares of the technology company’s stock valued at $42,000 after purchasing an additional 121 shares during the last quarter. 96.14% of the stock is owned by institutional investors and hedge funds.

Littelfuse Stock Performance

Shares of LFUS stock opened at $246.67 on Monday. The company’s fifty day simple moving average is $253.63 and its 200-day simple moving average is $256.00. Littelfuse, Inc. has a 52 week low of $222.91 and a 52 week 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 has a market cap of $6.12 billion, a PE ratio of 31.71, a P/E/G ratio of 2.43 and a beta of 1.28.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings results 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 firm had revenue of $567.39 million for the quarter, compared to the consensus estimate of $557.38 million. During the same quarter in the previous year, the firm posted $2.97 EPS. The firm’s quarterly revenue was down 6.5% on a year-over-year basis. As a group, equities research analysts anticipate that Littelfuse, Inc. will post 8.47 EPS for the current year.

Littelfuse Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Thursday, November 21st. Littelfuse’s payout ratio is 35.99%.

Wall Street Analysts Forecast Growth

LFUS has been the subject of several research reports. Benchmark reiterated a “hold” rating on shares of Littelfuse in a report on Wednesday, October 30th. Oppenheimer upgraded shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 target price for the company in a research note on Thursday, October 17th. Robert W. Baird upped their price objective on shares of Littelfuse from $300.00 to $315.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. StockNews.com upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Finally, Stifel Nicolaus raised shares of Littelfuse from a “hold” rating to a “buy” rating and upped their target price for the company from $270.00 to $280.00 in a report on Tuesday, August 13th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $285.00.

Insider Buying and Selling at Littelfuse

In related news, SVP Matthew Cole sold 1,436 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were 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 of the company’s stock, valued at approximately $1,358,522.44. The trade was a 20.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.30% of the stock is currently owned by company insiders.

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.