Commerce Bank Has $1.01 Million Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Commerce Bank grew its position in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 3.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,802 shares of the technology company’s stock after purchasing an additional 115 shares during the quarter. Commerce Bank’s holdings in Littelfuse were worth $1,008,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Pathstone Holdings LLC boosted its stake in shares of Littelfuse by 0.6% during the third quarter. Pathstone Holdings LLC now owns 6,522 shares of the technology company’s stock valued at $1,730,000 after purchasing an additional 40 shares in the last quarter. Assetmark Inc. increased its position in Littelfuse by 6.5% during the 3rd quarter. Assetmark Inc. now owns 719 shares of the technology company’s stock valued at $191,000 after purchasing an additional 44 shares during the period. US Bancorp DE increased its position in Littelfuse by 1.4% during the 3rd quarter. US Bancorp DE now owns 3,436 shares of the technology company’s stock valued at $911,000 after purchasing an additional 49 shares during the period. Rathbones Group PLC increased its position in Littelfuse by 0.3% during the 2nd quarter. Rathbones Group PLC now owns 16,624 shares of the technology company’s stock valued at $4,249,000 after purchasing an additional 52 shares during the period. Finally, Tributary Capital Management LLC increased its position in Littelfuse by 1.4% during the 3rd quarter. Tributary Capital Management LLC now owns 3,940 shares of the technology company’s stock valued at $1,045,000 after purchasing an additional 55 shares during the period. 96.14% of the stock is owned by institutional investors and hedge funds.

Littelfuse Trading Up 2.2 %

Shares of LFUS opened at $243.82 on Monday. The business has a 50-day moving average of $254.58 and a 200 day moving average of $256.27. Littelfuse, Inc. has a fifty-two week low of $222.91 and a fifty-two week high of $275.58. The firm has a market cap of $6.05 billion, a P/E ratio of 31.34, a price-to-earnings-growth ratio of 2.35 and a beta of 1.28. 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 (NASDAQ:LFUS) last issued its earnings results on Tuesday, October 29th. The technology company reported $2.71 EPS for the quarter, topping the consensus estimate of $2.09 by $0.62. The business had revenue of $567.39 million during the quarter, compared to the consensus estimate of $557.38 million. Littelfuse had a return on equity of 8.49% and a net margin of 8.88%. The firm’s revenue was down 6.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.97 EPS. As a group, research analysts forecast that Littelfuse, Inc. will post 8.47 EPS for the current year.

Littelfuse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be paid a $0.70 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.80 dividend on an annualized basis and a yield of 1.15%. Littelfuse’s dividend payout ratio (DPR) is currently 35.99%.

Insider Buying and Selling

In other Littelfuse news, SVP Matthew Cole sold 1,436 shares of the business’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 sale, the senior vice president now directly owns 5,522 shares of the company’s stock, valued at approximately $1,358,522.44. The trade was a 20.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on LFUS shares. TD Cowen increased their target price on shares of Littelfuse from $250.00 to $260.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Stifel Nicolaus upgraded Littelfuse from a “hold” rating to a “buy” rating and increased their price target for the stock from $270.00 to $280.00 in a report on Tuesday, August 13th. Oppenheimer upgraded Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 target price on the stock in a report on Thursday, October 17th. StockNews.com upgraded Littelfuse from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Finally, 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 note on Thursday, August 29th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price 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.