Littelfuse, Inc. (NASDAQ:LFUS) Shares Sold by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC trimmed its position in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 22.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,653 shares of the technology company’s stock after selling 755 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Littelfuse were worth $710,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Raymond James Trust N.A. increased its position in shares of Littelfuse by 4.1% during the fourth quarter. Raymond James Trust N.A. now owns 1,156 shares of the technology company’s stock worth $309,000 after purchasing an additional 45 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC lifted its position in shares of Littelfuse by 0.8% during the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 5,528 shares of the technology company’s stock valued at $1,367,000 after acquiring an additional 46 shares during the period. Treasurer of the State of North Carolina boosted its position in Littelfuse by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 10,971 shares of the technology company’s stock worth $2,713,000 after purchasing an additional 60 shares in the last quarter. D.B. Root & Company LLC grew its holdings in Littelfuse by 1.6% in the fourth quarter. D.B. Root & Company LLC now owns 3,732 shares of the technology company’s stock valued at $999,000 after purchasing an additional 60 shares during the last quarter. Finally, OLD National Bancorp IN increased its position in shares of Littelfuse by 9.7% in the third quarter. OLD National Bancorp IN now owns 862 shares of the technology company’s stock valued at $213,000 after buying an additional 76 shares in the last quarter. 96.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LFUS has been the subject of several recent research reports. Jefferies Financial Group began coverage on shares of Littelfuse in a report on Tuesday, April 9th. They set a “hold” rating and a $260.00 target price for the company. StockNews.com lowered Littelfuse from a “buy” rating to a “hold” rating in a research note on Saturday, March 30th. Robert W. Baird raised Littelfuse from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $270.00 to $300.00 in a research report on Friday, May 17th. Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a research note on Thursday, May 2nd. Finally, Baird R W raised shares of Littelfuse from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 17th. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Littelfuse currently has an average rating of “Moderate Buy” and an average price target of $280.00.

Insider Transactions at Littelfuse

In other Littelfuse news, CFO Meenal Sethna sold 6,114 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $256.49, for a total transaction of $1,568,179.86. Following the completion of the sale, the chief financial officer now directly owns 22,432 shares in the company, valued at $5,753,583.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Meenal Sethna sold 6,114 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $256.49, for a total value of $1,568,179.86. Following the transaction, the chief financial officer now owns 22,432 shares of the company’s stock, valued at approximately $5,753,583.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Ryan K. Stafford sold 2,219 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $256.33, for a total transaction of $568,796.27. Following the sale, the executive vice president now directly owns 24,437 shares of the company’s stock, valued at $6,263,936.21. The disclosure for this sale can be found here. Insiders sold a total of 11,160 shares of company stock worth $2,829,959 in the last ninety days. Insiders own 2.30% of the company’s stock.

Littelfuse Price Performance

LFUS stock opened at $261.97 on Thursday. The stock has a market capitalization of $6.49 billion, a price-to-earnings ratio of 30.01, a price-to-earnings-growth ratio of 2.54 and a beta of 1.32. The company has a quick ratio of 2.44, a current ratio of 3.57 and a debt-to-equity ratio of 0.32. Littelfuse, Inc. has a 52-week low of $212.80 and a 52-week high of $309.94. The stock’s fifty day simple moving average is $239.23 and its 200-day simple moving average is $242.24.

Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings results on Tuesday, April 30th. The technology company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.75 by $0.01. The company had revenue of $535.39 million during the quarter, compared to analysts’ expectations of $519.08 million. Littelfuse had a return on equity of 10.21% and a net margin of 9.58%. The firm’s revenue was down 12.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.64 EPS. Equities research analysts expect that Littelfuse, Inc. will post 8.59 EPS for the current year.

Littelfuse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 23rd will be paid a dividend of $0.65 per share. The ex-dividend date is Wednesday, May 22nd. This represents a $2.60 annualized dividend and a dividend yield of 0.99%. Littelfuse’s dividend payout ratio is presently 29.78%.

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.