Cabot Wealth Management Inc. Has $1.33 Million Stock Position in Littelfuse, Inc. (NASDAQ:LFUS)

Cabot Wealth Management Inc. raised its position in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 3.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,654 shares of the technology company’s stock after purchasing an additional 200 shares during the period. Cabot Wealth Management Inc.’s holdings in Littelfuse were worth $1,332,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in LFUS. Huntington National Bank raised its position in Littelfuse by 200.0% during the third quarter. Huntington National Bank now owns 96 shares of the technology company’s stock valued at $25,000 after acquiring an additional 64 shares in the last quarter. Truvestments Capital LLC acquired a new position in shares of Littelfuse during the 3rd quarter worth $27,000. Quent Capital LLC increased its stake in shares of Littelfuse by 525.0% during the 4th quarter. Quent Capital LLC now owns 125 shares of the technology company’s stock worth $29,000 after purchasing an additional 105 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Littelfuse by 181.0% during the 4th quarter. Geneos Wealth Management Inc. now owns 163 shares of the technology company’s stock valued at $38,000 after purchasing an additional 105 shares in the last quarter. Finally, Bank of Jackson Hole Trust acquired a new stake in shares of Littelfuse in the 4th quarter valued at $40,000. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on LFUS. StockNews.com upgraded Littelfuse from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. Benchmark reissued a “hold” rating on shares of Littelfuse in a research note on Wednesday, January 29th. Finally, Robert W. Baird decreased their target price on Littelfuse from $300.00 to $290.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $280.00.

Insider Buying and Selling at Littelfuse

In other news, CAO Jeffrey G. Gorski sold 700 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $249.02, for a total value of $174,314.00. Following the completion of the transaction, the chief accounting officer now owns 3,105 shares in the company, valued at approximately $773,207.10. This represents a 18.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.30% of the company’s stock.

Littelfuse Price Performance

NASDAQ LFUS opened at $251.77 on Friday. The stock has a market capitalization of $6.25 billion, a PE ratio of 55.95, a P/E/G ratio of 2.24 and a beta of 1.26. The stock has a 50-day simple moving average of $237.91 and a 200 day simple moving average of $248.57. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.62 and a current ratio of 3.61. Littelfuse, Inc. has a twelve month low of $222.73 and a twelve month high of $275.58.

Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings data on Tuesday, January 28th. The technology company reported $2.04 earnings per share for the quarter, meeting the consensus estimate of $2.04. Littelfuse had a return on equity of 8.55% and a net margin of 5.16%. During the same period in the previous year, the business earned $2.02 earnings per share. Research analysts anticipate that Littelfuse, Inc. will post 9.49 EPS for the current year.

Littelfuse Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 20th will be paid a dividend of $0.70 per share. The ex-dividend date is Thursday, February 20th. This represents a $2.80 annualized dividend and a yield of 1.11%. Littelfuse’s dividend payout ratio is 62.22%.

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.