Ayrshire Capital Management LLC Trims Stake in Littelfuse, Inc. (NASDAQ:LFUS)

Ayrshire Capital Management LLC trimmed its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 0.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,407 shares of the technology company’s stock after selling 133 shares during the quarter. Littelfuse comprises about 2.7% of Ayrshire Capital Management LLC’s investment portfolio, making the stock its 23rd biggest holding. Ayrshire Capital Management LLC’s holdings in Littelfuse were worth $5,516,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Huntington National Bank boosted its stake in Littelfuse by 200.0% during the 3rd quarter. Huntington National Bank now owns 96 shares of the technology company’s stock valued at $25,000 after purchasing an additional 64 shares during the last quarter. Truvestments Capital LLC purchased a new stake in Littelfuse during the 3rd quarter valued at $27,000. UMB Bank n.a. increased its position in shares of Littelfuse by 70.2% during 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. Meeder Asset Management Inc. purchased a new position in shares of Littelfuse during the 3rd quarter worth $53,000. Finally, GAMMA Investing LLC raised its holdings in Littelfuse by 41.8% in the 3rd quarter. GAMMA Investing LLC now owns 234 shares of the technology company’s stock worth $62,000 after purchasing an additional 69 shares during the period. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Littelfuse Stock Down 1.1 %

NASDAQ:LFUS opened at $232.64 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.55 and a quick ratio of 2.52. The firm has a market cap of $5.77 billion, a PE ratio of 29.90, a price-to-earnings-growth ratio of 2.42 and a beta of 1.26. The company has a 50-day moving average of $243.69 and a 200 day moving average of $252.44. Littelfuse, Inc. has a 1-year low of $222.91 and a 1-year high of $275.58.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.62. The company had revenue of $567.39 million for the quarter, compared to analyst estimates of $557.38 million. Littelfuse had a net margin of 8.88% and a return on equity of 8.49%. Littelfuse’s revenue was down 6.5% compared to the same quarter last year. During the same period last year, the company posted $2.97 earnings per share. As a group, research analysts anticipate that Littelfuse, Inc. will post 8.47 EPS for the current fiscal year.

Littelfuse Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.20%. The ex-dividend date was Thursday, November 21st. Littelfuse’s payout ratio is 35.99%.

Insider Buying and Selling

In other Littelfuse news, CAO Jeffrey G. Gorski sold 700 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $249.02, for a total transaction of $174,314.00. Following the sale, the chief accounting officer now owns 3,105 shares of the company’s stock, valued at approximately $773,207.10. The trade was a 18.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. StockNews.com raised Littelfuse from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Oppenheimer upgraded shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 target price on the stock in a research note on Thursday, October 17th. Finally, Benchmark reiterated a “hold” rating on shares of Littelfuse in a research note on Wednesday, October 30th. Three equities 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 company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $285.00.

Littelfuse Company 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.