Crossmark Global Holdings Inc. Grows Stock Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Crossmark Global Holdings Inc. grew its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 25.9% during the third quarter, HoldingsChannel reports. The firm owned 1,917 shares of the technology company’s stock after purchasing an additional 394 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Littelfuse were worth $508,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. CWM LLC grew its holdings in Littelfuse by 410.7% in the second quarter. CWM LLC now owns 143 shares of the technology company’s stock valued at $37,000 after purchasing an additional 115 shares during the period. UMB Bank n.a. boosted its holdings in shares of Littelfuse by 70.2% in 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 during the last quarter. GAMMA Investing LLC grew its stake in shares of 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 buying an additional 121 shares during the period. EntryPoint Capital LLC purchased a new position in shares of Littelfuse in the 1st quarter worth $50,000. Finally, Covestor Ltd boosted its holdings in Littelfuse by 28.5% in the first quarter. Covestor Ltd now owns 239 shares of the technology company’s stock valued at $58,000 after acquiring an additional 53 shares during the last quarter. Institutional investors and hedge funds own 96.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on LFUS. Benchmark restated a “hold” rating on shares of Littelfuse in a research note on Wednesday, October 30th. Oppenheimer raised shares of 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 lifted their price target on shares of Littelfuse from $250.00 to $260.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. StockNews.com raised shares of Littelfuse from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Finally, Robert W. Baird lifted their target price on shares of Littelfuse from $300.00 to $315.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Littelfuse currently has an average rating of “Moderate Buy” and an average price target of $285.00.

Littelfuse Price Performance

LFUS opened at $241.09 on Friday. Littelfuse, Inc. has a twelve month low of $222.91 and a twelve month high of $275.58. The company has a current ratio of 3.55, a quick ratio of 2.52 and a debt-to-equity ratio of 0.31. The firm has a market cap of $5.98 billion, a price-to-earnings ratio of 30.99, a PEG ratio of 2.49 and a beta of 1.28. The company has a fifty day simple moving average of $255.32 and a 200 day simple moving average of $256.31.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.71 EPS for the quarter, topping the consensus estimate of $2.09 by $0.62. Littelfuse had a return on equity of 8.49% and a net margin of 8.88%. The business had revenue of $567.39 million for the quarter, compared to analysts’ expectations of $557.38 million. During the same quarter in the previous year, the firm posted $2.97 earnings per share. The company’s revenue was down 6.5% compared to the same quarter last year. Equities research analysts expect that Littelfuse, Inc. will post 8.47 EPS for the current fiscal year.

Littelfuse Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Thursday, November 21st. Littelfuse’s payout ratio is currently 35.99%.

Insider Activity at Littelfuse

In other news, SVP Matthew Cole sold 1,436 shares of the stock in a transaction that occurred 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 sale, the senior vice president now directly owns 5,522 shares in the company, valued at approximately $1,358,522.44. This represents a 20.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David W. Heinzmann sold 2,091 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $274.65, for a total value of $574,293.15. Following the transaction, the chief executive officer now owns 59,654 shares of the company’s stock, valued at $16,383,971.10. This represents a 3.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,242 shares of company stock valued at $3,318,974 over the last three months. 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.