Retirement Systems of Alabama Has $8.34 Million Stock Position in Littelfuse, Inc. (NASDAQ:LFUS)

Retirement Systems of Alabama lifted its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 0.3% in the 4th quarter, Holdings Channel reports. The firm owned 31,176 shares of the technology company’s stock after buying an additional 95 shares during the quarter. Retirement Systems of Alabama’s holdings in Littelfuse were worth $8,341,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Littelfuse by 0.8% in the third quarter. Vanguard Group Inc. now owns 2,632,292 shares of the technology company’s stock valued at $651,018,000 after purchasing an additional 20,947 shares during the period. Invesco Ltd. lifted its position in Littelfuse by 6.8% during the 3rd quarter. Invesco Ltd. now owns 414,889 shares of the technology company’s stock worth $102,610,000 after acquiring an additional 26,278 shares during the last quarter. Ariel Investments LLC lifted its position in Littelfuse by 0.3% during the 3rd quarter. Ariel Investments LLC now owns 339,853 shares of the technology company’s stock worth $84,052,000 after acquiring an additional 1,094 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Littelfuse by 3.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 271,113 shares of the technology company’s stock valued at $67,052,000 after acquiring an additional 8,338 shares during the period. Finally, Boston Trust Walden Corp grew its position 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 valued at $57,907,000 after purchasing an additional 17,454 shares during the last quarter. 96.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LFUS has been the subject of several recent analyst reports. Jefferies Financial Group began coverage on Littelfuse in a research note on Tuesday, April 9th. They set a “hold” rating and a $260.00 target price for the company. Benchmark reissued a “hold” rating on shares of Littelfuse in a research report on Thursday. Finally, StockNews.com lowered shares of Littelfuse from a “buy” rating to a “hold” rating in a research report on Saturday, March 30th.

Littelfuse Trading Up 3.6 %

Littelfuse stock opened at $247.40 on Friday. Littelfuse, Inc. has a 12 month low of $212.80 and a 12 month high of $309.94. The stock has a market cap of $6.17 billion, a price-to-earnings ratio of 28.34, a price-to-earnings-growth ratio of 2.06 and a beta of 1.32. The business has a 50 day moving average price of $234.88 and a two-hundred day moving average price of $239.35. The company has a quick ratio of 2.49, a current ratio of 3.57 and a debt-to-equity ratio of 0.32.

Littelfuse (NASDAQ:LFUS) last issued its earnings results on Tuesday, April 30th. The technology company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $519.08 million. During the same period in the prior year, the company posted $3.64 earnings per share. Littelfuse’s revenue was down 12.2% on a year-over-year basis. As a group, equities analysts forecast that Littelfuse, Inc. will post 9.44 EPS for the current year.

Littelfuse Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 23rd will be given 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 1.05%. Littelfuse’s dividend payout ratio (DPR) is currently 29.78%.

Insider Activity

In related news, EVP Ryan K. Stafford sold 1,932 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $243.62, for a total value of $470,673.84. Following the completion of the transaction, the executive vice president now owns 24,155 shares of the company’s stock, valued at $5,884,641.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Matthew Cole sold 916 shares of Littelfuse stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $248.18, for a total transaction of $227,332.88. Following the completion of the transaction, the senior vice president now directly owns 5,530 shares of the company’s stock, valued at approximately $1,372,435.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ryan K. Stafford sold 1,932 shares of the company’s stock in a transaction dated 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 directly owns 24,155 shares in the company, valued at $5,884,641.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,370 shares of company stock worth $1,064,413. Corporate insiders own 2.30% of the company’s stock.

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.