Littelfuse, Inc. (NASDAQ:LFUS) Shares Sold by Vulcan Value Partners LLC

Vulcan Value Partners LLC trimmed its position in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 6.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 241,365 shares of the technology company’s stock after selling 15,601 shares during the period. Littelfuse makes up about 0.9% of Vulcan Value Partners LLC’s holdings, making the stock its 24th biggest holding. Vulcan Value Partners LLC owned 0.97% of Littelfuse worth $61,690,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in LFUS. Rise Advisors LLC acquired a new stake in Littelfuse during the first quarter worth about $30,000. CWM LLC raised its holdings in 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 buying an additional 115 shares during the period. GAMMA Investing LLC raised its holdings in Littelfuse by 275.0% in 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. EntryPoint Capital LLC acquired a new position in Littelfuse during the first quarter valued at approximately $50,000. Finally, Covestor Ltd grew its stake in Littelfuse by 28.5% during the first quarter. Covestor Ltd now owns 239 shares of the technology company’s stock worth $58,000 after buying an additional 53 shares during the period. 96.14% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Littelfuse

In related news, SVP Matthew Cole sold 1,436 shares of Littelfuse 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Matthew Cole sold 1,436 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $246.02, for a total transaction of $353,284.72. Following the transaction, the senior vice president now directly owns 5,522 shares in the company, valued at $1,358,522.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David W. Heinzmann sold 300 shares of Littelfuse stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $273.17, for a total transaction of $81,951.00. Following the completion of the transaction, the chief executive officer now directly owns 59,654 shares of the company’s stock, valued at $16,295,683.18. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,328 shares of company stock valued at $4,437,986. Insiders own 2.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on LFUS. TD Cowen raised their target price 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. Stifel Nicolaus raised Littelfuse from a “hold” rating to a “buy” rating and raised their price objective for the company from $270.00 to $280.00 in a research report on Tuesday, August 13th. StockNews.com raised Littelfuse from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Robert W. Baird raised their target price on Littelfuse from $300.00 to $315.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $278.75.

Littelfuse Stock Down 0.9 %

Shares of NASDAQ LFUS opened at $264.31 on Friday. 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’s 50-day simple moving average is $257.21 and its 200-day simple moving average is $250.81. The firm has a market cap of $6.55 billion, a price-to-earnings ratio of 30.28, a PEG ratio of 2.65 and a beta of 1.28.

Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings data on Tuesday, July 30th. The technology company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.22. The company had revenue of $558.49 million for the quarter, compared to the consensus estimate of $540.35 million. Littelfuse had a return on equity of 8.91% and a net margin of 8.71%. Littelfuse’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 business earned $3.12 EPS. As a group, equities analysts anticipate that Littelfuse, Inc. will post 8.18 earnings per share for the current fiscal year.

Littelfuse Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders 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 annualized dividend and a yield of 1.06%. The ex-dividend date was Thursday, August 22nd. Littelfuse’s dividend payout ratio (DPR) is currently 32.07%.

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.