Copeland Capital Management LLC cut its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 13.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 87,950 shares of the technology company’s stock after selling 13,291 shares during the period. Copeland Capital Management LLC owned about 0.35% of Littelfuse worth $17,404,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Parallel Advisors LLC raised its position in Littelfuse by 496.3% during the third quarter. Parallel Advisors LLC now owns 644 shares of the technology company’s stock worth $127,000 after acquiring an additional 536 shares during the period. First Hawaiian Bank acquired a new stake in shares of Littelfuse in the third quarter valued at about $188,000. Gideon Capital Advisors Inc. acquired a new stake in shares of Littelfuse in the second quarter valued at about $205,000. CIBC Asset Management Inc acquired a new stake in shares of Littelfuse in the second quarter valued at about $205,000. Finally, Bremer Trust National Association acquired a new stake in shares of Littelfuse in the second quarter valued at about $212,000. Institutional investors own 97.12% of the company’s stock.
Shares of NASDAQ LFUS opened at $191.75 on Friday. The stock has a market capitalization of $4.82 billion, a PE ratio of 20.46, a price-to-earnings-growth ratio of 1.68 and a beta of 0.95. The company has a quick ratio of 2.69, a current ratio of 3.46 and a debt-to-equity ratio of 0.45. Littelfuse, Inc. has a 52 week low of $163.43 and a 52 week high of $238.10.
Littelfuse (NASDAQ:LFUS) last issued its earnings results on Wednesday, October 31st. The technology company reported $2.49 EPS for the quarter, beating the Zacks’ consensus estimate of $2.40 by $0.09. The business had revenue of $439.20 million during the quarter, compared to analysts’ expectations of $441.62 million. Littelfuse had a net margin of 7.47% and a return on equity of 17.35%. The company’s quarterly revenue was up 38.2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.12 earnings per share. As a group, equities research analysts predict that Littelfuse, Inc. will post 9.57 EPS for the current fiscal year.
In related news, Director Nathan Zommer sold 592 shares of the company’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $221.23, for a total value of $130,968.16. Following the completion of the sale, the director now owns 461,086 shares of the company’s stock, valued at $102,006,055.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Ian Highley sold 12,118 shares of the company’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $219.80, for a total transaction of $2,663,536.40. Following the completion of the sale, the senior vice president now directly owns 12,151 shares of the company’s stock, valued at approximately $2,670,789.80. The disclosure for this sale can be found here. Insiders sold 28,502 shares of company stock valued at $6,314,954 over the last quarter. Company insiders own 3.80% of the company’s stock.
A number of brokerages have recently commented on LFUS. Barrington Research reiterated a “hold” rating on shares of Littelfuse in a research report on Tuesday, July 31st. Zacks Investment Research upgraded shares of Littelfuse from a “hold” rating to a “buy” rating and set a $257.00 target price for the company in a research report on Thursday, July 19th. ValuEngine cut shares of Littelfuse from a “buy” rating to a “hold” rating in a research report on Tuesday, September 4th. BidaskClub cut shares of Littelfuse from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 21st. Finally, CL King set a $248.00 target price on shares of Littelfuse and gave the company a “buy” rating in a research report on Tuesday, September 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $252.50.
Littelfuse, Inc designs, manufactures, and sells circuit protection products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, and gas discharge tubes; and semiconductor and power semiconductor products, such as discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, silicon carbide, metal-oxide-semiconductor field-effect transistors, and silicon carbide diodes, as well as insulated gate bipolar transistors.
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