Littelfuse, Inc. (NASDAQ:LFUS) Shares Acquired by D.B. Root & Company LLC

D.B. Root & Company LLC increased its position in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 9.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,439 shares of the technology company’s stock after acquiring an additional 375 shares during the quarter. D.B. Root & Company LLC’s holdings in Littelfuse were worth $1,046,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of LFUS. Huntington National Bank lifted its position in Littelfuse by 200.0% in the third quarter. Huntington National Bank now owns 96 shares of the technology company’s stock valued at $25,000 after buying an additional 64 shares during the last quarter. Truvestments Capital LLC purchased a new stake in shares of Littelfuse in the 3rd quarter valued at approximately $27,000. UMB Bank n.a. lifted its holdings in shares of Littelfuse by 70.2% in the 3rd quarter. UMB Bank n.a. now owns 143 shares of the technology company’s stock worth $38,000 after acquiring an additional 59 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in Littelfuse in the 3rd quarter valued at approximately $53,000. Finally, GAMMA Investing LLC raised its position in Littelfuse by 41.8% in the third quarter. GAMMA Investing LLC now owns 234 shares of the technology company’s stock valued at $62,000 after purchasing an additional 69 shares during the period. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Wall Street Analysts Forecast Growth

LFUS has been the subject of several research analyst reports. StockNews.com upgraded Littelfuse from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Oppenheimer upgraded Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 target price for the company in a report on Thursday, October 17th. Finally, Benchmark reiterated a “hold” rating on shares of Littelfuse in a research note on Wednesday, October 30th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $285.00.

Insider Activity

In other news, CAO Jeffrey G. Gorski sold 700 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $249.02, for a total transaction of $174,314.00. Following the completion of the transaction, the chief accounting officer now directly owns 3,105 shares of the company’s stock, valued at approximately $773,207.10. This represents a 18.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.30% of the company’s stock.

Littelfuse Trading Down 0.6 %

LFUS opened at $235.47 on Thursday. 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 stock has a market capitalization of $5.84 billion, a price-to-earnings ratio of 30.27, a PEG ratio of 1.94 and a beta of 1.26. The business has a fifty day moving average price of $240.89 and a 200 day moving average price of $251.65. Littelfuse, Inc. has a 12 month low of $222.91 and a 12 month high of $275.58.

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

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.