Loomis Sayles & Co. L P Decreases Stock Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Loomis Sayles & Co. L P lessened its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 1.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 99,136 shares of the technology company’s stock after selling 1,542 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Littelfuse were worth $26,296,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Van Lanschot Kempen Investment Management N.V. purchased a new position in Littelfuse in the 2nd quarter valued at about $100,662,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Littelfuse in the second quarter valued at approximately $46,037,000. Victory Capital Management Inc. boosted its stake in shares of Littelfuse by 13.2% in the second quarter. Victory Capital Management Inc. now owns 501,504 shares of the technology company’s stock worth $128,179,000 after acquiring an additional 58,529 shares during the last quarter. Jennison Associates LLC increased its position in shares of Littelfuse by 38.4% during the third quarter. Jennison Associates LLC now owns 181,141 shares of the technology company’s stock worth $48,048,000 after purchasing an additional 50,304 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Littelfuse by 13.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 419,586 shares of the technology company’s stock valued at $107,244,000 after purchasing an additional 49,588 shares during the last quarter. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Littelfuse Stock Performance

NASDAQ:LFUS opened at $247.29 on Wednesday. The company’s 50-day moving average is $254.42 and its two-hundred day moving average is $256.17. The firm has a market capitalization of $6.14 billion, a price-to-earnings ratio of 31.79, a PEG ratio of 2.40 and a beta of 1.28. 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.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.62. The firm had revenue of $567.39 million for the quarter, compared to analysts’ expectations of $557.38 million. Littelfuse had a return on equity of 8.49% and a net margin of 8.88%. The firm’s quarterly revenue was down 6.5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.97 earnings per share. Analysts forecast that Littelfuse, Inc. will post 8.47 EPS for the current year.

Littelfuse Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be issued a $0.70 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.80 annualized dividend and a yield of 1.13%. Littelfuse’s dividend payout ratio (DPR) is currently 35.99%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. StockNews.com raised shares of Littelfuse from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Oppenheimer upgraded shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price target on the stock in a research report on Thursday, October 17th. Benchmark reiterated a “hold” rating on shares of Littelfuse in a report on Wednesday, October 30th. TD Cowen boosted their target price on Littelfuse from $250.00 to $260.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Finally, Robert W. Baird increased their price target on Littelfuse from $300.00 to $315.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Littelfuse currently has an average rating of “Moderate Buy” and an average price target of $285.00.

Insider Activity at Littelfuse

In other Littelfuse news, SVP Matthew Cole sold 1,436 shares of Littelfuse stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $246.02, for a total transaction of $353,284.72. Following the completion of the sale, the senior vice president now directly owns 5,522 shares in the company, valued at $1,358,522.44. This trade represents a 20.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.30% of the stock is owned by insiders.

Littelfuse 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.