Chartwell Investment Partners LLC Sells 1,835 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Chartwell Investment Partners LLC reduced its position in Littelfuse, Inc. (NASDAQ:LFUS) by 9.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,631 shares of the technology company’s stock after selling 1,835 shares during the quarter. Chartwell Investment Partners LLC’s holdings in Littelfuse were worth $4,943,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of LFUS. Assetmark Inc. raised its stake in Littelfuse by 6.5% in the third quarter. Assetmark Inc. now owns 719 shares of the technology company’s stock valued at $191,000 after purchasing an additional 44 shares in the last quarter. US Bancorp DE raised its stake in Littelfuse by 1.4% in the third quarter. US Bancorp DE now owns 3,436 shares of the technology company’s stock valued at $911,000 after purchasing an additional 49 shares in the last quarter. Rathbones Group PLC raised its stake in Littelfuse by 0.3% in the second quarter. Rathbones Group PLC now owns 16,624 shares of the technology company’s stock valued at $4,249,000 after purchasing an additional 52 shares in the last quarter. Covestor Ltd raised its stake in Littelfuse by 28.5% in the first quarter. Covestor Ltd now owns 239 shares of the technology company’s stock valued at $58,000 after purchasing an additional 53 shares in the last quarter. Finally, Tributary Capital Management LLC raised its stake in Littelfuse by 1.4% in the third 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 in the last quarter. 96.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. StockNews.com raised shares of Littelfuse from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Stifel Nicolaus raised shares of Littelfuse from a “hold” rating to a “buy” rating and lifted their price target for the stock from $270.00 to $280.00 in a research note on Tuesday, August 13th. TD Cowen lifted their price target on shares of Littelfuse from $250.00 to $260.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Robert W. Baird lifted their price target on shares of Littelfuse from $300.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Finally, Benchmark reissued 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $285.00.

Littelfuse Stock Down 0.4 %

Shares of NASDAQ LFUS opened at $256.70 on Tuesday. The company has a quick ratio of 2.52, a current ratio of 3.55 and a debt-to-equity ratio of 0.31. Littelfuse, Inc. has a 52 week low of $222.91 and a 52 week high of $275.58. The firm’s fifty day moving average is $256.18 and its 200 day moving average is $256.01. The company has a market cap of $6.37 billion, a price-to-earnings ratio of 32.99, a PEG ratio of 2.54 and a beta of 1.28.

Littelfuse (NASDAQ:LFUS) last issued its earnings results on Tuesday, October 29th. The technology company reported $2.71 EPS for the quarter, topping the consensus estimate of $2.09 by $0.62. Littelfuse had a net margin of 8.88% and a return on equity of 8.49%. The company had revenue of $567.39 million for the quarter, compared to the consensus estimate of $557.38 million. During the same period in the previous year, the firm earned $2.97 earnings per share. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. On average, equities research analysts expect 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. Investors of record on Thursday, November 21st will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.09%. The ex-dividend date is Thursday, November 21st. Littelfuse’s dividend payout ratio (DPR) is currently 35.99%.

Insider Buying and Selling at Littelfuse

In other Littelfuse news, CEO David W. Heinzmann sold 2,091 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $274.65, for a total transaction of $574,293.15. Following the transaction, the chief executive officer now directly owns 59,654 shares of the company’s stock, valued at approximately $16,383,971.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Littelfuse news, CEO David W. Heinzmann sold 2,091 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $274.65, for a total transaction of $574,293.15. Following the transaction, the chief executive officer now directly owns 59,654 shares of the company’s stock, valued at approximately $16,383,971.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Matthew Cole sold 1,436 shares of the business’s stock in a transaction on 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 directly owns 5,522 shares in the company, valued at approximately $1,358,522.44. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,242 shares of company stock valued at $3,318,974. 2.30% of the stock is currently owned by company 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.