Legacy Capital Wealth Partners LLC Purchases 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 third quarter, according to the company in its most recent filing with the SEC. The firm acquired 757 shares of the technology company’s stock, valued at approximately $201,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. CWM LLC increased its position in shares of 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 buying an additional 115 shares in the last quarter. UMB Bank n.a. increased its stake in shares of Littelfuse by 70.2% in the 3rd quarter. UMB Bank n.a. now owns 143 shares of the technology company’s stock worth $38,000 after acquiring an additional 59 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of 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 acquiring an additional 121 shares during the period. EntryPoint Capital LLC acquired a new position in shares of Littelfuse during the 1st quarter valued at about $50,000. Finally, Covestor Ltd grew its holdings in shares of 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 during the period. Institutional investors and hedge funds own 96.14% of the company’s stock.

Littelfuse Trading Down 0.4 %

Shares of LFUS stock opened at $256.70 on Tuesday. The firm’s 50 day moving average price is $256.18 and its two-hundred day moving average price is $256.01. The company has a quick ratio of 2.52, a current ratio of 3.55 and a debt-to-equity ratio of 0.31. The stock has a market cap 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. Littelfuse, Inc. has a fifty-two week low of $222.91 and a fifty-two week high of $275.58.

Littelfuse (NASDAQ:LFUS) last issued its earnings results on Tuesday, October 29th. The technology company reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.09 by $0.62. The company had revenue of $567.39 million for the quarter, compared to the consensus estimate of $557.38 million. Littelfuse had a return on equity of 8.49% and a net margin of 8.88%. The firm’s quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.97 EPS. On average, analysts anticipate that Littelfuse, Inc. will post 8.47 EPS for the current year.

Littelfuse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.70 per share. The ex-dividend date is Thursday, November 21st. This represents a $2.80 annualized dividend and a yield of 1.09%. Littelfuse’s payout ratio is 35.99%.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Littelfuse news, SVP Matthew Cole sold 1,436 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $246.02, for a total value of $353,284.72. Following the completion of the sale, the senior vice president now directly owns 5,522 shares in the company, valued at $1,358,522.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, SVP Matthew Cole sold 1,436 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $246.02, for a total value of $353,284.72. Following the completion of the transaction, the senior vice president now directly owns 5,522 shares of the company’s stock, valued at $1,358,522.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David W. Heinzmann sold 2,091 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $274.65, for a total value of $574,293.15. Following the sale, the chief executive officer now owns 59,654 shares of the company’s stock, valued at approximately $16,383,971.10. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,242 shares of company stock valued at $3,318,974 over the last ninety days. 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.