Littelfuse, Inc. (NASDAQ:LFUS) Stock Holdings Lessened by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV lowered its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 17.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,038 shares of the technology company’s stock after selling 219 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Littelfuse were worth $265,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in LFUS. Rise Advisors LLC bought a new position in Littelfuse during the first quarter worth $30,000. SRS Capital Advisors Inc. boosted its position in Littelfuse by 372.4% during the 4th quarter. SRS Capital Advisors Inc. now owns 137 shares of the technology company’s stock worth $37,000 after acquiring an additional 108 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Littelfuse by 275.0% during the 2nd 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. Principal Securities Inc. bought a new position in Littelfuse during the 4th quarter worth $50,000. Finally, EntryPoint Capital LLC bought a new position in shares of Littelfuse in the first quarter worth $50,000. 96.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Littelfuse

In related news, EVP Ryan K. Stafford sold 2,219 shares of Littelfuse stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $256.33, for a total value of $568,796.27. Following the sale, the executive vice president now directly owns 24,437 shares in the company, valued at approximately $6,263,936.21. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Littelfuse news, EVP Ryan K. Stafford sold 2,219 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $256.33, for a total value of $568,796.27. Following the sale, the executive vice president now owns 24,437 shares of the company’s stock, valued at $6,263,936.21. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Meenal Sethna sold 6,114 shares of the company’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $256.49, for a total value of $1,568,179.86. Following the sale, the chief financial officer now directly owns 22,432 shares in the company, valued at approximately $5,753,583.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,419 shares of company stock worth $3,255,988. Insiders own 2.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on LFUS. Stifel Nicolaus lifted their target price on Littelfuse from $250.00 to $270.00 and gave the stock a “hold” rating in a report on Thursday. Baird R W upgraded Littelfuse from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 17th. Robert W. Baird upgraded Littelfuse from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $270.00 to $300.00 in a research report on Friday, May 17th. Jefferies Financial Group began coverage on Littelfuse in a report on Tuesday, April 9th. They issued a “hold” rating and a $260.00 target price on the stock. Finally, TD Cowen boosted their price target on Littelfuse from $250.00 to $260.00 and gave the stock a “hold” rating in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $272.50.

Littelfuse Price Performance

Littelfuse stock traded down $8.18 during midday trading on Monday, reaching $238.92. 101,161 shares of the stock traded hands, compared to its average volume of 137,872. Littelfuse, Inc. has a 12 month low of $212.80 and a 12 month high of $275.58. The company has a quick ratio of 2.44, a current ratio of 3.50 and a debt-to-equity ratio of 0.32. The stock’s fifty day moving average is $257.89 and its 200-day moving average is $246.60. The stock has a market cap of $5.92 billion, a P/E ratio of 28.30, a PEG ratio of 2.58 and a beta of 1.29.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings data on Tuesday, July 30th. The technology company reported $1.97 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 quarterly revenue was down 8.7% on a year-over-year basis. During the same period last year, the business posted $3.12 EPS. As a group, equities research analysts anticipate that Littelfuse, Inc. will post 8.37 EPS for the current year.

Littelfuse Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 22nd will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.17%. This is a positive change from Littelfuse’s previous quarterly dividend of $0.65. Littelfuse’s dividend payout ratio (DPR) is presently 29.78%.

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.