Eagle Asset Management Inc. Has $15.54 Million Stock Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Eagle Asset Management Inc. grew its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 17.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 60,278 shares of the technology company’s stock after purchasing an additional 8,767 shares during the period. Eagle Asset Management Inc. owned about 0.24% of Littelfuse worth $15,540,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Pathstone Holdings LLC boosted its holdings in shares of Littelfuse by 0.6% during the 3rd quarter. Pathstone Holdings LLC now owns 6,522 shares of the technology company’s stock worth $1,730,000 after buying an additional 40 shares in the last quarter. Assetmark Inc. boosted its position in shares of Littelfuse by 6.5% during the third quarter. Assetmark Inc. now owns 719 shares of the technology company’s stock valued at $191,000 after buying an additional 44 shares during the last quarter. US Bancorp DE grew its stake in shares of Littelfuse by 1.4% in the 3rd quarter. US Bancorp DE now owns 3,436 shares of the technology company’s stock worth $911,000 after acquiring an additional 49 shares in the last quarter. Rathbones Group PLC boosted its stake in shares of Littelfuse by 0.3% in the 2nd quarter. Rathbones Group PLC now owns 16,624 shares of the technology company’s stock worth $4,249,000 after buying an additional 52 shares during the last quarter. Finally, Tributary Capital Management LLC increased its position in shares of Littelfuse by 1.4% during the 3rd quarter. Tributary Capital Management LLC now owns 3,940 shares of the technology company’s stock valued at $1,045,000 after purchasing an additional 55 shares during the last quarter. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Littelfuse

In other news, CEO David W. Heinzmann sold 2,091 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $274.65, for a total value of $574,293.15. Following the completion of the sale, the chief executive officer now directly owns 59,654 shares of the company’s stock, valued at approximately $16,383,971.10. This trade represents a 3.39 % 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 business’s stock in a transaction dated 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 owns 5,522 shares in the company, valued at $1,358,522.44. This represents a 20.64 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

Littelfuse Stock Up 2.2 %

Shares of LFUS opened at $243.82 on Friday. 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 stock has a 50 day simple moving average of $254.58 and a two-hundred day simple moving average of $256.27. The firm has a market cap of $6.05 billion, a P/E ratio of 31.34, a P/E/G ratio of 2.35 and a beta of 1.28.

Littelfuse (NASDAQ:LFUS) last released its earnings results on Tuesday, October 29th. The technology company reported $2.71 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 analyst estimates of $557.38 million. Littelfuse had a net margin of 8.88% and a return on equity of 8.49%. The firm’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.97 EPS. On average, analysts forecast that Littelfuse, Inc. will post 8.47 earnings per share for the current fiscal year.

Littelfuse Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders 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 yield of 1.15%. The ex-dividend date is Thursday, November 21st. Littelfuse’s dividend payout ratio (DPR) is presently 35.99%.

Analysts Set New Price Targets

LFUS has been the subject of several analyst reports. TD Cowen raised their price objective on shares of Littelfuse from $250.00 to $260.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. StockNews.com upgraded Littelfuse from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Oppenheimer raised 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. Benchmark reissued a “hold” rating on shares of Littelfuse in a report on Wednesday, October 30th. Finally, Stifel Nicolaus raised shares of Littelfuse from a “hold” rating to a “buy” rating and raised their target price for the company from $270.00 to $280.00 in a research note 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $285.00.

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.