Commerce Bank Grows Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Commerce Bank grew its stake in Littelfuse, Inc. (NASDAQ:LFUSFree Report) by 84.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,660 shares of the technology company’s stock after acquiring an additional 1,676 shares during the period. Commerce Bank’s holdings in Littelfuse were worth $979,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Freedom Day Solutions LLC purchased a new stake in shares of Littelfuse in the 4th quarter valued at approximately $1,568,000. Mirae Asset Global Investments Co. Ltd. increased its stake in Littelfuse by 41.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 45,313 shares of the technology company’s stock worth $12,124,000 after buying an additional 13,366 shares during the period. Kessler Investment Group LLC increased its stake in Littelfuse by 57.9% during the 4th quarter. Kessler Investment Group LLC now owns 589 shares of the technology company’s stock worth $158,000 after buying an additional 216 shares during the period. Federated Hermes Inc. increased its stake in Littelfuse by 160.0% during the 4th quarter. Federated Hermes Inc. now owns 158,506 shares of the technology company’s stock worth $42,410,000 after buying an additional 97,535 shares during the period. Finally, Victory Capital Management Inc. increased its stake in Littelfuse by 4.8% during the 4th quarter. Victory Capital Management Inc. now owns 421,392 shares of the technology company’s stock worth $112,748,000 after buying an additional 19,435 shares during the period. 96.14% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Littelfuse news, CFO Meenal Sethna sold 6,114 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $256.49, for a total transaction of $1,568,179.86. Following the completion of the transaction, the chief financial officer now owns 22,432 shares in the company, valued at approximately $5,753,583.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CFO Meenal Sethna sold 6,114 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $256.49, for a total value of $1,568,179.86. Following the completion of the transaction, the chief financial officer now owns 22,432 shares in the company, valued at approximately $5,753,583.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ryan K. Stafford sold 2,219 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $256.33, for a total transaction of $568,796.27. Following the completion of the transaction, the executive vice president now owns 24,437 shares of the company’s stock, valued at approximately $6,263,936.21. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,160 shares of company stock worth $2,829,959. 2.30% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on LFUS shares. Jefferies Financial Group started coverage on shares of Littelfuse in a research note on Tuesday, April 9th. They set a “hold” rating and a $260.00 target price on the stock. Baird R W raised shares of Littelfuse from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 17th. StockNews.com downgraded shares of Littelfuse from a “buy” rating to a “hold” rating in a research note on Saturday, March 30th. Robert W. Baird raised shares of Littelfuse from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $270.00 to $300.00 in a research note on Friday, May 17th. Finally, Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a research note on Thursday, May 2nd. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Littelfuse currently has an average rating of “Moderate Buy” and an average target price of $280.00.

View Our Latest Analysis on LFUS

Littelfuse Trading Down 1.2 %

Shares of NASDAQ:LFUS opened at $254.66 on Thursday. Littelfuse, Inc. has a 52 week low of $212.80 and a 52 week high of $309.94. The company’s 50 day moving average is $242.52 and its two-hundred day moving average is $243.43. The company has a current ratio of 3.57, a quick ratio of 2.44 and a debt-to-equity ratio of 0.32. The company has a market cap of $6.31 billion, a PE ratio of 29.17, a P/E/G ratio of 2.50 and a beta of 1.32.

Littelfuse (NASDAQ:LFUSGet Free Report) last issued its earnings results on Tuesday, April 30th. The technology company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.01. The business had revenue of $535.39 million during the quarter, compared to analysts’ expectations of $519.08 million. Littelfuse had a net margin of 9.58% and a return on equity of 10.21%. The company’s revenue for the quarter was down 12.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.64 EPS. Equities analysts predict that Littelfuse, Inc. will post 8.59 earnings per share for the current fiscal year.

Littelfuse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 23rd will be paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Wednesday, May 22nd. Littelfuse’s dividend payout ratio is currently 29.78%.

Littelfuse Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Littelfuse (NASDAQ:LFUS)

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