Teachers Retirement System of The State of Kentucky Sells 220 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Teachers Retirement System of The State of Kentucky lessened its position in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 1.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,373 shares of the technology company’s stock after selling 220 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Littelfuse were worth $3,282,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp raised its position in shares of Littelfuse by 3.4% in the 3rd quarter. State Street Corp now owns 747,082 shares of the technology company’s stock worth $198,164,000 after acquiring an additional 24,571 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Littelfuse by 2.0% in the third quarter. Victory Capital Management Inc. now owns 511,623 shares of the technology company’s stock worth $135,708,000 after purchasing an additional 10,119 shares in the last quarter. Earnest Partners LLC lifted its stake in Littelfuse by 2.4% in the second quarter. Earnest Partners LLC now owns 444,654 shares of the technology company’s stock valued at $113,649,000 after buying an additional 10,406 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Littelfuse by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 431,956 shares of the technology company’s stock worth $114,607,000 after buying an additional 1,525 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Littelfuse by 13.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 419,586 shares of the technology company’s stock worth $107,244,000 after buying an additional 49,588 shares during the period. Institutional investors and hedge funds own 96.14% of the company’s stock.

Littelfuse Stock Performance

Shares of LFUS opened at $246.30 on Friday. Littelfuse, Inc. has a 52 week low of $222.91 and a 52 week high of $275.58. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.52 and a current ratio of 3.55. The stock has a 50 day moving average price of $251.16 and a two-hundred day moving average price of $255.26. The firm has a market capitalization of $6.11 billion, a P/E ratio of 31.66, a P/E/G ratio of 2.48 and a beta of 1.26.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.62. Littelfuse had a return on equity of 8.49% and a net margin of 8.88%. The business had revenue of $567.39 million during the quarter, compared to the consensus estimate of $557.38 million. During the same quarter in the prior year, the company posted $2.97 earnings per share. Littelfuse’s revenue was down 6.5% compared to the same quarter last year. Equities analysts forecast that Littelfuse, Inc. will post 8.47 earnings per share for the current fiscal year.

Littelfuse Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend was Thursday, November 21st. Littelfuse’s dividend payout ratio is currently 35.99%.

Analyst Upgrades and Downgrades

LFUS has been the topic of a number of research reports. Robert W. Baird boosted their target price on shares of Littelfuse from $300.00 to $315.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. Oppenheimer upgraded shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price objective on the stock in a report on Thursday, October 17th. Benchmark restated a “hold” rating on shares of Littelfuse in a research note on Wednesday, October 30th. Finally, StockNews.com raised Littelfuse from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $285.00.

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.