Littelfuse, Inc. (NASDAQ:LFUS) Shares Bought by Moody National Bank Trust Division

Moody National Bank Trust Division lifted its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 24.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,547 shares of the technology company’s stock after buying an additional 902 shares during the quarter. Moody National Bank Trust Division’s holdings in Littelfuse were worth $1,072,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

Several brokerages have recently commented on LFUS. 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. Finally, StockNews.com raised shares of Littelfuse from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Littelfuse has an average rating of “Moderate Buy” and an average price target of $285.00.

Littelfuse Stock Performance

Shares of LFUS opened at $232.64 on Tuesday. The firm has a fifty day moving average of $243.69 and a 200-day moving average of $252.44. The company has a market cap of $5.77 billion, a price-to-earnings ratio of 29.90, a price-to-earnings-growth ratio of 2.42 and a beta of 1.26. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.52 and a current ratio of 3.55. Littelfuse, Inc. has a 1 year low of $222.91 and a 1 year high of $275.58.

Littelfuse (NASDAQ:LFUS) last posted its earnings results on Tuesday, October 29th. The technology company reported $2.71 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $557.38 million. During the same period in the previous year, the business posted $2.97 EPS. Littelfuse’s revenue was down 6.5% on a year-over-year basis. As a group, equities analysts anticipate that Littelfuse, Inc. will post 8.47 earnings per share for the current year.

Littelfuse Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.20%. The ex-dividend date was Thursday, November 21st. Littelfuse’s payout ratio is currently 35.99%.

Insiders Place Their Bets

In related news, CAO Jeffrey G. Gorski sold 700 shares of Littelfuse stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $249.02, for a total transaction of $174,314.00. Following the sale, the chief accounting officer now directly owns 3,105 shares in the company, valued at $773,207.10. The trade was a 18.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.30% of the stock is currently owned by 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.