Littelfuse, Inc. (NASDAQ:LFUS) Shares Sold by Vestcor Inc

Vestcor Inc lowered its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 16.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,145 shares of the technology company’s stock after selling 418 shares during the quarter. Vestcor Inc’s holdings in Littelfuse were worth $505,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of LFUS. Huntington National Bank lifted its position in Littelfuse by 200.0% in the third quarter. Huntington National Bank now owns 96 shares of the technology company’s stock valued at $25,000 after buying an additional 64 shares during the last quarter. Truvestments Capital LLC acquired a new position in Littelfuse in the third quarter valued at about $27,000. Quent Capital LLC increased its stake in Littelfuse by 525.0% during the fourth quarter. Quent Capital LLC now owns 125 shares of the technology company’s stock worth $29,000 after purchasing an additional 105 shares during the period. Geneos Wealth Management Inc. increased its stake in Littelfuse by 181.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 163 shares of the technology company’s stock worth $38,000 after purchasing an additional 105 shares during the period. Finally, Bank of Jackson Hole Trust purchased a new stake in Littelfuse during the fourth quarter worth about $40,000. Institutional investors and hedge funds own 96.14% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on LFUS shares. StockNews.com lowered shares of Littelfuse from a “buy” rating to a “hold” rating in a research note on Tuesday, March 11th. Robert W. Baird cut their price target on shares of Littelfuse from $300.00 to $290.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. Finally, Benchmark reiterated a “hold” rating on shares of Littelfuse in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $280.00.

Littelfuse Stock Up 2.6 %

LFUS stock opened at $210.51 on Monday. The company’s 50 day moving average price is $233.28 and its 200 day moving average price is $244.72. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.62 and a current ratio of 3.61. Littelfuse, Inc. has a fifty-two week low of $201.97 and a fifty-two week high of $275.58. The firm has a market capitalization of $5.22 billion, a price-to-earnings ratio of 46.78, a PEG ratio of 2.24 and a beta of 1.27.

Littelfuse (NASDAQ:LFUS) last released its earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share for the quarter, hitting 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 last year, the business earned $2.02 EPS. On average, equities research analysts anticipate that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.

Littelfuse Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th were paid a $0.70 dividend. The ex-dividend date was Thursday, February 20th. This represents a $2.80 annualized dividend and a yield of 1.33%. Littelfuse’s dividend payout ratio is currently 62.22%.

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.