Xponance Inc. Lowers Stock Position in Littelfuse, Inc. (NASDAQ:LFUS)

Xponance Inc. reduced its position in Littelfuse, Inc. (NASDAQ:LFUS) by 10.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,655 shares of the technology company’s stock after selling 294 shares during the quarter. Xponance Inc.’s holdings in Littelfuse were worth $679,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Bank of Montreal Can boosted its position in Littelfuse by 14.6% during the 2nd quarter. Bank of Montreal Can now owns 3,378 shares of the technology company’s stock worth $896,000 after purchasing an additional 430 shares during the period. Prospector Partners LLC boosted its position in shares of Littelfuse by 0.4% in the second quarter. Prospector Partners LLC now owns 71,930 shares of the technology company’s stock worth $18,385,000 after buying an additional 320 shares during the period. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Littelfuse in the second quarter valued at about $46,037,000. Sei Investments Co. raised its holdings in shares of Littelfuse by 96.9% during the 2nd quarter. Sei Investments Co. now owns 80,537 shares of the technology company’s stock valued at $20,585,000 after buying an additional 39,640 shares during the period. Finally, Pacer Advisors Inc. lifted its position in Littelfuse by 60.9% during the 2nd quarter. Pacer Advisors Inc. now owns 6,189 shares of the technology company’s stock worth $1,582,000 after acquiring an additional 2,342 shares in the last quarter. 96.14% of the stock is owned by hedge funds and other institutional investors.

Littelfuse Trading Down 0.9 %

Shares of LFUS stock opened at $264.31 on Monday. The firm has a market capitalization of $6.55 billion, a PE ratio of 30.28, a price-to-earnings-growth ratio of 2.65 and a beta of 1.28. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.42 and a current ratio of 3.50. Littelfuse, Inc. has a 1 year low of $212.80 and a 1 year high of $275.58. The stock has a fifty day moving average of $257.31 and a two-hundred day moving average of $251.09.

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

Littelfuse Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 22nd were issued a $0.70 dividend. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $2.80 annualized dividend and a dividend yield of 1.06%. This is a boost from Littelfuse’s previous quarterly dividend of $0.65. Littelfuse’s dividend payout ratio is currently 32.07%.

Insider Transactions at Littelfuse

In other Littelfuse news, CEO David W. Heinzmann sold 8,715 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $274.40, for a total transaction of $2,391,396.00. Following the completion of the sale, the chief executive officer now directly owns 59,654 shares of the company’s stock, valued at $16,369,057.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO David W. Heinzmann sold 8,715 shares of the firm’s 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 completion of the sale, the chief executive officer now owns 59,654 shares of the company’s stock, valued at $16,369,057.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO David W. Heinzmann sold 300 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $273.17, for a total value of $81,951.00. Following the sale, the chief executive officer now owns 59,654 shares of the company’s stock, valued at $16,295,683.18. The disclosure for this sale can be found here. Insiders sold a total of 16,328 shares of company stock valued at $4,437,986 in the last three months. 2.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

LFUS has been the topic of a number of analyst reports. TD Cowen lifted their price objective on shares of Littelfuse from $250.00 to $260.00 and gave the company 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. StockNews.com raised shares of Littelfuse from a “hold” rating to a “buy” rating in a research report on Wednesday, September 25th. Finally, Stifel Nicolaus raised Littelfuse from a “hold” rating to a “buy” rating and lifted 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, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Littelfuse currently has a consensus rating of “Moderate Buy” and a consensus price target of $278.75.

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.