The Manufacturers Life Insurance Company Decreases Stock Position in Littelfuse, Inc. (NASDAQ:LFUS)

The Manufacturers Life Insurance Company trimmed its position in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 2.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,903 shares of the technology company’s stock after selling 595 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Littelfuse were worth $5,545,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Tidal Investments LLC increased its position in shares of Littelfuse by 105.9% during the first quarter. Tidal Investments LLC now owns 2,290 shares of the technology company’s stock worth $555,000 after acquiring an additional 1,178 shares during the period. Cetera Advisors LLC bought a new position in shares of Littelfuse during the 1st quarter worth $365,000. GAMMA Investing LLC increased its stake 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 buying an additional 121 shares during the period. Park Avenue Securities LLC raised its holdings in shares of Littelfuse by 2.6% in the second quarter. Park Avenue Securities LLC now owns 3,242 shares of the technology company’s stock valued at $828,000 after acquiring an additional 81 shares in the last quarter. Finally, CWM LLC grew its holdings in Littelfuse by 410.7% during the 2nd quarter. CWM LLC now owns 143 shares of the technology company’s stock worth $37,000 after acquiring an additional 115 shares in the last quarter. Institutional investors own 96.14% of the company’s stock.

Insider Buying and Selling

In other Littelfuse news, SVP Matthew Cole sold 1,436 shares of the company’s stock in a transaction on 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 sale, the senior vice president now directly owns 5,522 shares in the company, valued at $1,358,522.44. This represents a 20.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.30% of the stock is currently owned by insiders.

Littelfuse Price Performance

Shares of LFUS opened at $243.43 on Friday. The company has a market capitalization of $6.04 billion, a P/E ratio of 31.29, a P/E/G ratio of 2.42 and a beta of 1.26. The business’s 50-day moving average is $252.43 and its two-hundred day moving average is $255.74. 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 fifty-two week low of $222.91 and a fifty-two week high of $275.58.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings data 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 return on equity of 8.49% and a net margin of 8.88%. The business had revenue of $567.39 million for the quarter, compared to analyst estimates of $557.38 million. During the same quarter in the prior year, the firm posted $2.97 EPS. The business’s quarterly revenue was down 6.5% compared to the same quarter last year. Research analysts predict that Littelfuse, Inc. will post 8.47 earnings per share for the current year.

Littelfuse Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Thursday, November 21st. Littelfuse’s dividend payout ratio is presently 35.99%.

Wall Street Analyst Weigh In

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

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.