Cabot Wealth Management Inc. Raises Stake in Littelfuse, Inc. (NASDAQ:LFUS)

Cabot Wealth Management Inc. boosted its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 1.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,454 shares of the technology company’s stock after acquiring an additional 101 shares during the period. Cabot Wealth Management Inc.’s holdings in Littelfuse were worth $1,447,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Rathbones Group PLC lifted 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 acquiring an additional 52 shares during the period. Covestor Ltd increased its stake in Littelfuse by 28.5% during the 1st quarter. Covestor Ltd now owns 239 shares of the technology company’s stock valued at $58,000 after purchasing an additional 53 shares in the last quarter. Fifth Third Bancorp increased its stake in Littelfuse by 21.4% during the 2nd quarter. Fifth Third Bancorp now owns 323 shares of the technology company’s stock valued at $83,000 after purchasing an additional 57 shares in the last quarter. Signaturefd LLC increased its stake in Littelfuse by 14.4% during the 2nd quarter. Signaturefd LLC now owns 469 shares of the technology company’s stock valued at $120,000 after purchasing an additional 59 shares in the last quarter. Finally, UMB Bank n.a. increased its stake in Littelfuse by 70.2% during the 3rd 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. 96.14% of the stock is owned by hedge funds and other institutional investors.

Littelfuse Stock Performance

Shares of LFUS traded down $3.95 on Tuesday, reaching $257.55. The company’s stock had a trading volume of 125,516 shares, compared to its average volume of 130,891. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.50 and a quick ratio of 2.42. The stock has a market capitalization of $6.38 billion, a P/E ratio of 29.95, a PEG ratio of 2.64 and a beta of 1.27. The stock’s 50 day simple moving average is $257.52 and its two-hundred day simple moving average is $253.19. Littelfuse, Inc. has a 12-month low of $212.80 and a 12-month high of $275.58.

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 analysts’ consensus estimates 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 net margin of 8.71% and a return on equity of 8.91%. The firm’s revenue was down 8.7% compared to the same quarter last year. During the same quarter last year, the firm posted $3.12 earnings per share. Research analysts forecast that Littelfuse, Inc. will post 8.18 earnings per share for the current fiscal year.

Littelfuse Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 22nd were issued a $0.70 dividend. This is an increase from Littelfuse’s previous quarterly dividend of $0.65. The ex-dividend date was Thursday, August 22nd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.09%. Littelfuse’s dividend payout ratio (DPR) is presently 32.07%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on LFUS shares. StockNews.com lowered shares of Littelfuse from a “buy” rating to a “hold” rating in a research note on Thursday, October 10th. Stifel Nicolaus upgraded shares of 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 note on Tuesday, August 13th. Robert W. Baird raised their price objective on shares of Littelfuse from $300.00 to $315.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. Finally, TD Cowen lifted their price target 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. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Littelfuse presently has an average rating of “Moderate Buy” and a consensus target price of $278.75.

Insider Buying and Selling

In related news, SVP Matthew Cole sold 1,436 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $246.02, for a total value of $353,284.72. Following the transaction, the senior vice president now owns 5,522 shares of the company’s stock, valued at approximately $1,358,522.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Littelfuse news, SVP Matthew Cole sold 1,436 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $246.02, for a total transaction of $353,284.72. Following the transaction, the senior vice president now owns 5,522 shares in the company, valued at $1,358,522.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO David W. Heinzmann sold 3,786 shares of the company’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $273.92, for a total transaction of $1,037,061.12. Following the completion of the sale, the chief executive officer now directly owns 59,654 shares of the company’s stock, valued at approximately $16,340,423.68. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,328 shares of company stock valued at $4,437,986. 2.30% of the stock is owned by insiders.

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.