Louisiana State Employees Retirement System Acquires Shares of 7,000 Littelfuse, Inc. (NASDAQ:LFUS)

Louisiana State Employees Retirement System acquired a new stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,000 shares of the technology company’s stock, valued at approximately $1,873,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. GHP Investment Advisors Inc. raised its position in Littelfuse by 4.3% during the fourth quarter. GHP Investment Advisors Inc. now owns 35,123 shares of the technology company’s stock valued at $9,398,000 after purchasing an additional 1,451 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Littelfuse by 1.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 87,255 shares of the technology company’s stock worth $23,346,000 after buying an additional 1,522 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of Littelfuse in the fourth quarter worth approximately $7,916,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Littelfuse by 41.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 45,313 shares of the technology company’s stock worth $12,124,000 after buying an additional 13,366 shares during the period. Finally, Boston Trust Walden Corp raised its holdings in shares of Littelfuse by 8.8% in the fourth quarter. Boston Trust Walden Corp now owns 216,426 shares of the technology company’s stock worth $57,907,000 after buying an additional 17,454 shares during the period. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

Littelfuse Stock Up 0.1 %

Shares of NASDAQ:LFUS opened at $226.12 on Friday. Littelfuse, Inc. has a 52-week low of $212.80 and a 52-week high of $309.94. The stock has a market cap of $5.63 billion, a P/E ratio of 21.87, a price-to-earnings-growth ratio of 2.03 and a beta of 1.34. The business’s 50 day moving average is $237.50 and its 200 day moving average is $239.84. The company has a quick ratio of 2.49, a current ratio of 3.75 and a debt-to-equity ratio of 0.35.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings data on Tuesday, January 30th. The technology company reported $2.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.02. Littelfuse had a return on equity of 12.35% and a net margin of 10.98%. The company had revenue of $533.80 million for the quarter, compared to analysts’ expectations of $535.76 million. During the same quarter in the prior year, the firm earned $3.34 earnings per share. Littelfuse’s revenue was down 12.9% compared to the same quarter last year. Sell-side analysts predict that Littelfuse, Inc. will post 9.44 EPS for the current year.

Littelfuse Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Thursday, February 22nd were paid a $0.65 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.60 annualized dividend and a yield of 1.15%. Littelfuse’s dividend payout ratio (DPR) is currently 25.15%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group assumed coverage on Littelfuse in a report on Tuesday, April 9th. They issued a “hold” rating and a $260.00 price target on the stock. StockNews.com downgraded Littelfuse from a “buy” rating to a “hold” rating in a report on Saturday, March 30th.

Insider Buying and Selling

In other Littelfuse news, EVP Ryan K. Stafford sold 1,932 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $243.62, for a total transaction of $470,673.84. Following the sale, the executive vice president now owns 24,155 shares of the company’s stock, valued at approximately $5,884,641.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Littelfuse news, EVP Ryan K. Stafford sold 1,932 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $243.62, for a total transaction of $470,673.84. Following the sale, the executive vice president now owns 24,155 shares of the company’s stock, valued at approximately $5,884,641.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Matthew Cole sold 916 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $248.18, for a total value of $227,332.88. Following the sale, the senior vice president now directly owns 5,530 shares in the company, valued at approximately $1,372,435.40. The disclosure for this sale can be found here. Insiders have sold a total of 4,370 shares of company stock valued at $1,064,413 over the last quarter. 2.30% of the stock is owned by corporate insiders.

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.