Copeland Capital Management LLC Increases Stake in Littelfuse, Inc. (NASDAQ:LFUS)

Copeland Capital Management LLC grew its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 0.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 261,134 shares of the technology company’s stock after buying an additional 1,996 shares during the period. Copeland Capital Management LLC owned 1.05% of Littelfuse worth $69,266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. CWM LLC boosted its stake in Littelfuse by 410.7% during the second quarter. CWM LLC now owns 143 shares of the technology company’s stock valued at $37,000 after buying an additional 115 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of Littelfuse by 70.2% in the third 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 in the last quarter. GAMMA Investing LLC grew its holdings in shares of Littelfuse by 275.0% in the second quarter. GAMMA Investing LLC now owns 165 shares of the technology company’s stock valued at $42,000 after purchasing an additional 121 shares in the last quarter. EntryPoint Capital LLC purchased a new stake in Littelfuse during the first quarter valued at $50,000. Finally, Covestor Ltd raised its position in shares of Littelfuse by 28.5% during the 1st quarter. Covestor Ltd now owns 239 shares of the technology company’s stock valued at $58,000 after buying an additional 53 shares in the last quarter. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Littelfuse Trading Down 1.6 %

LFUS stock opened at $255.05 on Tuesday. The company has a market capitalization of $6.32 billion, a PE ratio of 29.22, a P/E/G ratio of 2.64 and a beta of 1.27. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.50 and a quick ratio of 2.42. Littelfuse, Inc. has a 12 month low of $212.80 and a 12 month high of $275.58. The firm’s 50-day moving average is $259.40 and its 200 day moving average is $253.90.

Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings results on Tuesday, July 30th. The technology company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.22. Littelfuse had a net margin of 8.71% and a return on equity of 8.91%. The firm had revenue of $558.49 million during the quarter, compared to the consensus estimate of $540.35 million. During the same quarter in the previous year, the firm posted $3.12 earnings per share. The company’s revenue was down 8.7% on a year-over-year basis. On average, research analysts anticipate that Littelfuse, Inc. will post 8.18 EPS for the current year.

Littelfuse Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 22nd were paid a $0.70 dividend. The ex-dividend date was Thursday, August 22nd. This is a positive change from Littelfuse’s previous quarterly dividend of $0.65. This represents a $2.80 dividend on an annualized basis and a yield of 1.10%. Littelfuse’s dividend payout ratio is 32.07%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Oppenheimer upgraded Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 target price for the company in a report on Thursday, October 17th. Robert W. Baird boosted their price objective on shares of Littelfuse from $300.00 to $315.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. TD Cowen raised their target price on shares of Littelfuse from $250.00 to $260.00 and gave the stock a “hold” rating in a 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. Finally, Stifel Nicolaus raised shares of Littelfuse from a “hold” rating to a “buy” rating and increased their price objective for the stock from $270.00 to $280.00 in a research report on Tuesday, August 13th. Three equities research 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 stock. According to data from MarketBeat, Littelfuse has an average rating of “Moderate Buy” and a consensus price target of $285.00.

Insiders Place Their Bets

In other news, SVP Matthew Cole sold 1,436 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $246.02, for a total value of $353,284.72. Following the completion of the sale, the senior vice president now owns 5,522 shares in the company, valued at approximately $1,358,522.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO David W. Heinzmann sold 3,786 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $273.92, for a total transaction of $1,037,061.12. Following the sale, the chief executive officer now owns 59,654 shares of the company’s stock, valued at $16,340,423.68. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Matthew Cole sold 1,436 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $246.02, for a total transaction of $353,284.72. Following the completion of the transaction, the senior vice president now owns 5,522 shares of the company’s stock, valued at $1,358,522.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,028 shares of company stock worth $4,356,035 in the last three months. Corporate insiders own 2.30% of the company’s stock.

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.