Hunter Perkins Capital Management LLC Purchases 300 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Hunter Perkins Capital Management LLC boosted its position in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 7.4% in the third quarter, HoldingsChannel reports. The fund owned 4,355 shares of the technology company’s stock after purchasing an additional 300 shares during the quarter. Hunter Perkins Capital Management LLC’s holdings in Littelfuse were worth $1,155,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in LFUS. Rathbones Group PLC lifted its position in shares of 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 acquiring an additional 52 shares in the last quarter. Covestor Ltd lifted 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 buying an additional 53 shares during the last quarter. Fifth Third Bancorp grew its holdings in Littelfuse by 21.4% during the second quarter. Fifth Third Bancorp now owns 323 shares of the technology company’s stock worth $83,000 after acquiring an additional 57 shares during the period. Signaturefd LLC lifted its stake in shares of Littelfuse by 14.4% in the second quarter. Signaturefd LLC now owns 469 shares of the technology company’s stock valued at $120,000 after purchasing an additional 59 shares during the period. Finally, UMB Bank n.a. grew its holdings 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 period. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Littelfuse Stock Up 1.0 %

Shares of NASDAQ:LFUS traded up $2.51 during trading on Wednesday, hitting $260.06. 9,943 shares of the company were exchanged, compared to its average volume of 130,286. Littelfuse, Inc. has a fifty-two week low of $212.80 and a fifty-two week high of $275.58. The stock has a market cap of $6.45 billion, a price-to-earnings ratio of 29.50, a P/E/G ratio of 2.64 and a beta of 1.27. The firm has a fifty day moving average price of $257.94 and a two-hundred day moving average price of $253.30. The company has a current ratio of 3.50, a quick ratio of 2.42 and a debt-to-equity ratio of 0.32.

Littelfuse (NASDAQ:LFUS) last posted its earnings results on Tuesday, July 30th. The technology company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.22. The firm had revenue of $558.49 million for the quarter, compared to analyst estimates of $540.35 million. Littelfuse had a net margin of 8.71% and a return on equity of 8.91%. The company’s revenue for the quarter was down 8.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.12 EPS. As a group, research analysts anticipate that Littelfuse, Inc. will post 8.18 earnings per share for the current fiscal year.

Littelfuse Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 22nd were issued a dividend of $0.70 per share. This is a positive change from Littelfuse’s previous quarterly dividend of $0.65. This represents a $2.80 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend was Thursday, August 22nd. Littelfuse’s dividend payout ratio (DPR) is 32.07%.

Analyst Upgrades and Downgrades

LFUS has been the topic of a number of recent research 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 research note on Thursday, August 29th. Stifel Nicolaus raised Littelfuse from a “hold” rating to a “buy” rating and boosted their target price for the stock from $270.00 to $280.00 in a report on Tuesday, August 13th. TD Cowen lifted their price objective on shares of Littelfuse from $250.00 to $260.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Finally, StockNews.com lowered shares of Littelfuse from a “buy” rating to a “hold” rating in a research note on Thursday, October 10th. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $278.75.

Insider Activity at Littelfuse

In other Littelfuse news, 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 sale, the senior vice president now owns 5,522 shares of the company’s stock, valued at $1,358,522.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO David W. Heinzmann sold 8,715 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $274.40, for a total value of $2,391,396.00. Following the sale, the chief executive officer now directly owns 59,654 shares of the company’s stock, valued at approximately $16,369,057.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Matthew Cole sold 1,436 shares of the firm’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 completion of the transaction, the senior vice president now directly owns 5,522 shares in the company, valued at $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. Over the last 90 days, insiders sold 16,028 shares of company stock worth $4,356,035. 2.30% of the stock is owned by company insiders.

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.