Littelfuse, Inc. (NASDAQ:LFUS) Shares Acquired by Glenmede Trust Co. NA

Glenmede Trust Co. NA increased its position in Littelfuse, Inc. (NASDAQ:LFUS) by 18.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,059 shares of the technology company’s stock after acquiring an additional 316 shares during the period. Glenmede Trust Co. NA’s holdings in Littelfuse were worth $546,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Huntington National Bank lifted its holdings in shares of 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 period. Truvestments Capital LLC purchased a new stake in shares of Littelfuse during the third quarter valued at $27,000. CWM LLC lifted its holdings 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 during the last quarter. UMB Bank n.a. lifted its holdings in shares of Littelfuse by 70.2% during the third 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. Finally, GAMMA Investing LLC lifted its holdings in shares of Littelfuse by 275.0% during the second 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. Institutional investors and hedge funds own 96.14% of the company’s stock.

Littelfuse Stock Performance

Shares of LFUS stock opened at $246.06 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.55 and a quick ratio of 2.52. Littelfuse, Inc. has a fifty-two week low of $222.91 and a fifty-two week high of $275.58. The stock’s 50-day moving average is $253.10 and its two-hundred day moving average is $255.89. The firm has a market cap of $6.11 billion, a P/E ratio of 31.63, a PEG ratio of 2.44 and a beta of 1.26.

Littelfuse (NASDAQ:LFUS) last issued its earnings results on Tuesday, October 29th. The technology company reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.62. Littelfuse had a return on equity of 8.49% and a net margin of 8.88%. The company 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 posted $2.97 EPS. The business’s revenue was down 6.5% compared to the same quarter last year. Analysts predict that Littelfuse, Inc. will post 8.47 earnings per share for the current fiscal 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 given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Thursday, November 21st. Littelfuse’s payout ratio is currently 35.99%.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Littelfuse news, SVP Matthew Cole sold 1,436 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $246.02, for a total value of $353,284.72. Following the transaction, the senior vice president now directly owns 5,522 shares of the company’s stock, valued at $1,358,522.44. This represents a 20.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.30% of the company’s stock.

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.