Commerce Bank Raises Stock Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Commerce Bank grew its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 3.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 3,802 shares of the technology company’s stock after buying an additional 115 shares during the period. Commerce Bank’s holdings in Littelfuse were worth $1,008,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Huntington National Bank increased its position in Littelfuse by 200.0% in the third quarter. Huntington National Bank now owns 96 shares of the technology company’s stock worth $25,000 after buying an additional 64 shares in the last quarter. CWM LLC increased its position in Littelfuse by 410.7% in the second quarter. CWM LLC now owns 143 shares of the technology company’s stock worth $37,000 after buying an additional 115 shares in the last quarter. UMB Bank n.a. increased its position in Littelfuse by 70.2% in the third quarter. UMB Bank n.a. now owns 143 shares of the technology company’s stock worth $38,000 after buying an additional 59 shares in the last quarter. GAMMA Investing LLC increased its position in Littelfuse by 275.0% in the second quarter. GAMMA Investing LLC now owns 165 shares of the technology company’s stock worth $42,000 after buying an additional 121 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in Littelfuse in the third quarter worth about $53,000. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Insider Buying and Selling

In other Littelfuse news, SVP Matthew Cole sold 1,436 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $246.02, for a total transaction of $353,284.72. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently issued reports on LFUS shares. StockNews.com upgraded Littelfuse from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Oppenheimer upgraded Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 target price for the company in a research report on Thursday, October 17th. TD Cowen increased their target price on Littelfuse from $250.00 to $260.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Stifel Nicolaus upgraded Littelfuse from a “hold” rating to a “buy” rating and increased their target price for the stock from $270.00 to $280.00 in a research report on Tuesday, August 13th. Finally, Robert W. Baird increased their target price on Littelfuse from $300.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $285.00.

Littelfuse Price Performance

Shares of Littelfuse stock opened at $243.82 on Monday. The stock has a 50 day moving average of $254.58 and a 200 day moving average of $256.27. Littelfuse, Inc. has a 12 month low of $222.91 and a 12 month high of $275.58. The firm has a market cap of $6.05 billion, a PE ratio of 31.34, a PEG ratio of 2.35 and a beta of 1.28. The company has a current ratio of 3.55, a quick ratio of 2.52 and a debt-to-equity ratio of 0.31.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.71 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 during the quarter, compared to analyst estimates of $557.38 million. During the same period in the prior year, the company earned $2.97 earnings per share. The firm’s revenue was down 6.5% on a year-over-year basis. On average, research analysts expect that Littelfuse, Inc. will post 8.47 EPS for the current fiscal year.

Littelfuse Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is Thursday, November 21st. Littelfuse’s payout ratio is 35.99%.

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.