Quent Capital LLC Increases Stock Position in Littelfuse, Inc. (NASDAQ:LFUS)

Quent Capital LLC raised its position in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 525.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 125 shares of the technology company’s stock after buying an additional 105 shares during the period. Quent Capital LLC’s holdings in Littelfuse were worth $29,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Pathstone Holdings LLC boosted its position in Littelfuse by 0.6% during the 3rd quarter. Pathstone Holdings LLC now owns 6,522 shares of the technology company’s stock valued at $1,730,000 after buying an additional 40 shares during the period. Assetmark Inc. boosted its position in Littelfuse by 6.5% during the 3rd quarter. Assetmark Inc. now owns 719 shares of the technology company’s stock valued at $191,000 after buying an additional 44 shares during the period. US Bancorp DE boosted its position in Littelfuse by 1.4% during the 3rd quarter. US Bancorp DE now owns 3,436 shares of the technology company’s stock valued at $911,000 after buying an additional 49 shares during the period. Tributary Capital Management LLC lifted its position in shares of Littelfuse by 1.4% in the 3rd quarter. Tributary Capital Management LLC now owns 3,940 shares of the technology company’s stock worth $1,045,000 after purchasing an additional 55 shares during the period. Finally, Huntington National Bank lifted its position in shares of Littelfuse by 200.0% in the 3rd quarter. Huntington National Bank now owns 96 shares of the technology company’s stock worth $25,000 after purchasing an additional 64 shares during the period. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on LFUS shares. Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a research report on Wednesday, January 29th. Robert W. Baird dropped their target price on shares of Littelfuse from $300.00 to $290.00 and set an “outperform” rating for the company in a research report on Thursday, January 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. Finally, StockNews.com raised shares of Littelfuse from a “hold” rating to a “buy” rating in a research report on Wednesday. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $280.00.

Littelfuse Trading Up 2.1 %

Shares of NASDAQ LFUS opened at $247.62 on Friday. Littelfuse, Inc. has a 1 year low of $222.73 and a 1 year high of $275.58. The stock has a market cap of $6.14 billion, a P/E ratio of 55.03, a price-to-earnings-growth ratio of 2.05 and a beta of 1.26. The firm has a 50-day moving average of $237.65 and a 200 day moving average of $248.65. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.61 and a quick ratio of 2.62.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.04. Littelfuse had a net margin of 5.16% and a return on equity of 8.55%. During the same quarter in the previous year, the company posted $2.02 earnings per share. As a group, sell-side analysts expect that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.

Littelfuse Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $2.80 dividend on an annualized basis and a yield of 1.13%. Littelfuse’s dividend payout ratio is currently 62.22%.

Insider Buying and Selling at Littelfuse

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

About Littelfuse

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.