Legacy Capital Wealth Partners LLC Buys Shares of 757 Littelfuse, Inc. (NASDAQ:LFUS)

Legacy Capital Wealth Partners LLC acquired a new stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 757 shares of the technology company’s stock, valued at approximately $201,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CWM LLC boosted its stake in Littelfuse by 410.7% in the second quarter. CWM LLC now owns 143 shares of the technology company’s stock valued at $37,000 after acquiring an additional 115 shares in the last quarter. UMB Bank n.a. boosted its holdings in Littelfuse by 70.2% in the 3rd 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 increased its stake in Littelfuse by 275.0% during the 2nd quarter. GAMMA Investing LLC now owns 165 shares of the technology company’s stock worth $42,000 after buying an additional 121 shares during the period. EntryPoint Capital LLC purchased a new stake in Littelfuse during the 1st quarter worth approximately $50,000. Finally, Covestor Ltd increased its position in shares of Littelfuse by 28.5% in the 1st quarter. Covestor Ltd now owns 239 shares of the technology company’s stock valued at $58,000 after purchasing an additional 53 shares during the last quarter. 96.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LFUS has been the subject of a number of recent research reports. Benchmark reiterated a “hold” rating on shares of Littelfuse in a research note on Wednesday, October 30th. TD Cowen lifted their price target on shares of Littelfuse from $250.00 to $260.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. 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 report on Thursday, October 17th. Robert W. Baird increased their target price on shares of Littelfuse from $300.00 to $315.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. Finally, StockNews.com raised shares of 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 given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $285.00.

Littelfuse Price Performance

Shares of LFUS opened at $256.70 on Tuesday. Littelfuse, Inc. has a 1 year low of $222.91 and a 1 year high of $275.58. 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 company has a market capitalization of $6.37 billion, a price-to-earnings ratio of 32.99, a price-to-earnings-growth ratio of 2.54 and a beta of 1.28. The business has a 50-day moving average of $256.18 and a 200-day moving average of $256.01.

Littelfuse (NASDAQ:LFUS) last announced its earnings results on Tuesday, October 29th. The technology company reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.62. The company had revenue of $567.39 million for 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%. Littelfuse’s quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.97 earnings per share. As a group, equities research analysts anticipate that Littelfuse, Inc. will post 8.47 earnings per share for the current year.

Littelfuse Dividend Announcement

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 given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Thursday, November 21st. Littelfuse’s dividend payout ratio (DPR) is presently 35.99%.

Insider Activity

In related news, CEO David W. Heinzmann sold 8,715 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $274.40, for a total value of $2,391,396.00. Following the completion of the sale, the chief executive officer now owns 59,654 shares in the company, valued at $16,369,057.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO David W. Heinzmann sold 8,715 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $274.40, for a total value of $2,391,396.00. Following the completion of the sale, the chief executive officer now directly owns 59,654 shares of the company’s stock, valued at approximately $16,369,057.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Matthew Cole sold 1,436 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $246.02, for a total transaction 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 approximately $1,358,522.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,242 shares of company stock worth $3,318,974. 2.30% of the stock is owned by corporate insiders.

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.