Littelfuse, Inc. (NASDAQ:LFUS) Shares Sold by D.B. Root & Company LLC

D.B. Root & Company LLC reduced its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 5.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,546 shares of the technology company’s stock after selling 186 shares during the period. D.B. Root & Company LLC’s holdings in Littelfuse were worth $859,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of LFUS. Citigroup Inc. boosted its position in shares of Littelfuse by 12.9% during the 3rd quarter. Citigroup Inc. now owns 2,255 shares of the technology company’s stock valued at $558,000 after acquiring an additional 257 shares during the last quarter. Hsbc Holdings PLC raised its position in shares of Littelfuse by 11.8% during the 3rd quarter. Hsbc Holdings PLC now owns 1,016 shares of the technology company’s stock valued at $251,000 after buying an additional 107 shares during the period. Stifel Financial Corp lifted its holdings in Littelfuse by 2.7% in the third quarter. Stifel Financial Corp now owns 15,793 shares of the technology company’s stock valued at $3,906,000 after acquiring an additional 412 shares during the last quarter. Natixis Advisors L.P. grew its position in Littelfuse by 30.6% in the third quarter. Natixis Advisors L.P. now owns 18,522 shares of the technology company’s stock worth $4,581,000 after acquiring an additional 4,335 shares during the period. Finally, Treasurer of the State of North Carolina raised its position in Littelfuse by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 10,971 shares of the technology company’s stock valued at $2,713,000 after purchasing an additional 60 shares during the period. Institutional investors and hedge funds own 96.14% of the company’s stock.

Insider Buying and Selling at Littelfuse

In related news, SVP Deepak Nayar sold 1,305 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $250.25, for a total transaction of $326,576.25. Following the completion of the transaction, the senior vice president now owns 4,630 shares in the company, valued at $1,158,657.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, SVP Deepak Nayar sold 1,305 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $250.25, for a total transaction of $326,576.25. Following the completion of the sale, the senior vice president now owns 4,630 shares in the company, valued at $1,158,657.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Meenal Sethna sold 6,114 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $256.49, for a total transaction of $1,568,179.86. Following the completion of the transaction, the chief financial officer now owns 22,432 shares in the company, valued at $5,753,583.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,638 shares of company stock valued at $2,463,552. Insiders own 2.30% of the company’s stock.

Littelfuse Stock Up 0.0 %

Shares of LFUS stock traded up $0.02 during trading on Friday, reaching $255.59. The company’s stock had a trading volume of 124,235 shares, compared to its average volume of 127,522. The company has a market capitalization of $6.33 billion, a price-to-earnings ratio of 29.28, a P/E/G ratio of 2.48 and a beta of 1.29. Littelfuse, Inc. has a 1-year low of $212.80 and a 1-year high of $309.94. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.57 and a quick ratio of 2.44. The stock’s 50-day moving average price is $252.28 and its 200 day moving average price is $246.32.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.01. Littelfuse had a return on equity of 10.21% and a net margin of 9.58%. The business had revenue of $535.39 million for the quarter, compared to analysts’ expectations of $519.08 million. During the same period last year, the firm earned $3.64 earnings per share. The company’s revenue for the quarter was down 12.2% compared to the same quarter last year. On average, research analysts anticipate that Littelfuse, Inc. will post 8.59 EPS for the current year.

Littelfuse Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 6th. Shareholders of record on Thursday, May 23rd were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 1.02%. The ex-dividend date was Wednesday, May 22nd. Littelfuse’s dividend payout ratio (DPR) is presently 29.78%.

Wall Street Analysts Forecast Growth

LFUS has been the subject of a number of research analyst reports. Robert W. Baird upgraded Littelfuse from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $270.00 to $300.00 in a report on Friday, May 17th. Jefferies Financial Group started coverage on shares of Littelfuse in a research note on Tuesday, April 9th. They issued a “hold” rating and a $260.00 price target on the stock. Baird R W raised shares of Littelfuse from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 17th. StockNews.com lowered Littelfuse from a “buy” rating to a “hold” rating in a research report on Saturday, March 30th. Finally, Benchmark restated a “hold” rating on shares of Littelfuse in a research report on Thursday, May 2nd. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $280.00.

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.