Wealth Enhancement Advisory Services LLC Decreases Stake in Littelfuse, Inc. (NASDAQ:LFUS)

Wealth Enhancement Advisory Services LLC decreased its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 16.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,931 shares of the technology company’s stock after selling 587 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Littelfuse were worth $777,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. CWM LLC grew its stake in Littelfuse by 410.7% during the 2nd quarter. CWM LLC now owns 143 shares of the technology company’s stock valued at $37,000 after acquiring an additional 115 shares in the last quarter. UMB Bank n.a. grew its position in shares of Littelfuse by 70.2% in the third quarter. UMB Bank n.a. now owns 143 shares of the technology company’s stock valued at $38,000 after purchasing an additional 59 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of 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 purchasing an additional 121 shares during the last quarter. EntryPoint Capital LLC purchased a new position in Littelfuse during the first quarter worth approximately $50,000. Finally, Covestor Ltd boosted 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 last quarter. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Littelfuse news, CEO David W. Heinzmann sold 2,091 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $274.65, for a total transaction of $574,293.15. Following the sale, the chief executive officer now directly owns 59,654 shares in the company, valued at $16,383,971.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, SVP Matthew Cole sold 1,436 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $246.02, for a total transaction of $353,284.72. Following the completion of the transaction, 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 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO David W. Heinzmann sold 2,091 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $274.65, for a total transaction of $574,293.15. Following the completion of the sale, the chief executive officer now directly owns 59,654 shares in the company, valued at approximately $16,383,971.10. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,242 shares of company stock worth $3,318,974 over the last three months. Company insiders own 2.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LFUS. Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a research note on Wednesday, October 30th. TD Cowen lifted their target price on shares of Littelfuse from $250.00 to $260.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Stifel Nicolaus upgraded shares of Littelfuse from a “hold” rating to a “buy” rating and boosted their target price for the company from $270.00 to $280.00 in a report on Tuesday, August 13th. Robert W. Baird raised their price target on shares of Littelfuse from $300.00 to $315.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. Finally, StockNews.com raised shares of Littelfuse from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $285.00.

Littelfuse Price Performance

Shares of LFUS opened at $260.80 on Thursday. The firm has a 50-day simple moving average of $256.68 and a two-hundred day simple moving average of $255.46. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.55 and a quick ratio of 2.52. Littelfuse, Inc. has a 1-year low of $222.91 and a 1-year high of $275.58. The stock has a market cap of $6.47 billion, a PE ratio of 33.52, a P/E/G ratio of 2.45 and a beta of 1.28.

Littelfuse (NASDAQ:LFUS) last announced its earnings results on Tuesday, October 29th. The technology company reported $2.71 earnings per share (EPS) for the quarter, beating 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 company earned $2.97 earnings per share. The firm’s quarterly revenue was down 6.5% compared to the same quarter last year. As a group, analysts forecast that Littelfuse, Inc. will post 8.47 EPS for the current year.

Littelfuse Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Thursday, November 21st. Littelfuse’s dividend payout ratio (DPR) is 35.99%.

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.