Rockefeller Capital Management L.P. Has $18.33 Million Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Rockefeller Capital Management L.P. reduced its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 1.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 69,119 shares of the technology company’s stock after selling 889 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Littelfuse were worth $18,331,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Huntington National Bank raised 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 acquired a new position in Littelfuse during the 3rd quarter valued at $27,000. CWM LLC raised its stake in Littelfuse by 410.7% during the 2nd 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 last quarter. UMB Bank n.a. raised its stake in 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. Finally, GAMMA Investing LLC raised its stake in 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 purchasing an additional 121 shares during the last quarter. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LFUS. Oppenheimer upgraded shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price objective for the company in a research note on Thursday, October 17th. Robert W. Baird increased their price objective on shares of Littelfuse from $300.00 to $315.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. Benchmark restated a “hold” rating on shares of Littelfuse in a research note on Wednesday, October 30th. Stifel Nicolaus upgraded shares of Littelfuse from a “hold” rating to a “buy” rating and increased their price objective for the company from $270.00 to $280.00 in a research note on Tuesday, August 13th. Finally, StockNews.com upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $285.00.

Insider Transactions at Littelfuse

In other news, SVP Matthew Cole sold 1,436 shares of the firm’s stock in a transaction that occurred on 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 transaction, the senior vice president now directly owns 5,522 shares of the company’s stock, valued at $1,358,522.44. This trade represents a 20.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.30% of the company’s stock.

Littelfuse Stock Performance

Littelfuse stock opened at $246.67 on Monday. The company has a market cap of $6.12 billion, a PE ratio of 31.71, a PEG ratio of 2.43 and a beta of 1.28. The company’s 50-day moving average is $253.63 and its two-hundred day moving average is $256.00. 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, Inc. has a 1 year low of $222.91 and a 1 year high of $275.58.

Littelfuse (NASDAQ:LFUS) last announced its 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. The firm had revenue of $567.39 million for the quarter, compared to the consensus estimate of $557.38 million. Littelfuse had a net margin of 8.88% and a return on equity of 8.49%. The business’s quarterly revenue was down 6.5% on a year-over-year basis. During the same period last year, the company posted $2.97 EPS. Equities analysts anticipate that Littelfuse, Inc. will post 8.47 earnings per share for the current year.

Littelfuse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.80 annualized dividend and a dividend yield of 1.14%. Littelfuse’s dividend payout ratio is currently 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.