Corient Private Wealth LLC Has $1.81 Million Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Corient Private Wealth LLC cut its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 14.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,681 shares of the technology company’s stock after selling 1,316 shares during the quarter. Corient Private Wealth LLC’s holdings in Littelfuse were worth $1,810,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Truvestments Capital LLC bought a new position in Littelfuse during the 3rd quarter worth $27,000. Quent Capital LLC grew its holdings in shares of Littelfuse by 525.0% during the 4th quarter. Quent Capital LLC now owns 125 shares of the technology company’s stock worth $29,000 after purchasing an additional 105 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Littelfuse by 181.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 163 shares of the technology company’s stock worth $38,000 after purchasing an additional 105 shares during the period. Bank of Jackson Hole Trust acquired a new position in Littelfuse in the fourth quarter valued at about $40,000. Finally, Smartleaf Asset Management LLC lifted its position in Littelfuse by 548.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 188 shares of the technology company’s stock worth $44,000 after purchasing an additional 159 shares during the period. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Robert W. Baird dropped their target price on shares of Littelfuse from $300.00 to $290.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. StockNews.com upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a research report on Wednesday, March 19th. Finally, Benchmark restated a “hold” rating on shares of Littelfuse in a research note on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $280.00.

Littelfuse Price Performance

LFUS stock opened at $216.85 on Tuesday. The stock has a market cap of $5.36 billion, a price-to-earnings ratio of 48.19, a P/E/G ratio of 2.24 and a beta of 1.27. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.61 and a quick ratio of 2.62. The company has a 50 day simple moving average of $230.37 and a 200 day simple moving average of $242.54. Littelfuse, Inc. has a 1 year low of $201.97 and a 1 year high of $275.58.

Littelfuse (NASDAQ:LFUS) last posted its earnings results on Tuesday, January 28th. The technology company reported $2.04 EPS for the quarter, hitting the consensus estimate of $2.04. Littelfuse had a net margin of 5.16% and a return on equity of 8.55%. During the same quarter in the prior year, the firm posted $2.02 EPS. Research analysts anticipate that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.

Littelfuse Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Thursday, February 20th were issued a $0.70 dividend. The ex-dividend date was Thursday, February 20th. This represents a $2.80 dividend on an annualized basis and a yield of 1.29%. Littelfuse’s payout ratio is 62.22%.

Littelfuse Company 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.