Quantinno Capital Management LP Has $546,000 Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Quantinno Capital Management LP grew its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 26.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,058 shares of the technology company’s stock after purchasing an additional 433 shares during the period. Quantinno Capital Management LP’s holdings in Littelfuse were worth $546,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Huntington National Bank raised its holdings in Littelfuse by 200.0% in the 3rd quarter. Huntington National Bank now owns 96 shares of the technology company’s stock valued at $25,000 after acquiring an additional 64 shares in the last quarter. Truvestments Capital LLC bought a new stake in shares of Littelfuse during the third quarter valued at approximately $27,000. CWM LLC raised its stake 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 purchasing an additional 115 shares in the last quarter. UMB Bank n.a. lifted its position 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 during the period. Finally, Meeder Asset Management Inc. acquired a new stake in Littelfuse during the third quarter worth $53,000. Institutional investors own 96.14% of the company’s stock.

Littelfuse Stock Performance

NASDAQ:LFUS opened at $246.30 on Friday. The stock has a market capitalization of $6.11 billion, a P/E ratio of 31.66, a price-to-earnings-growth ratio of 2.48 and a beta of 1.26. The company has a current ratio of 3.55, a quick ratio of 2.52 and a debt-to-equity ratio of 0.31. Littelfuse, Inc. has a 1 year low of $222.91 and a 1 year high of $275.58. The firm has a 50 day moving average of $251.16 and a 200-day moving average of $255.26.

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

Littelfuse Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend was Thursday, November 21st. Littelfuse’s dividend payout ratio is presently 35.99%.

Analyst Upgrades and Downgrades

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