Littelfuse, Inc. (NASDAQ:LFUS) Holdings Decreased by Captrust Financial Advisors

Captrust Financial Advisors lessened its position in Littelfuse, Inc. (NASDAQ:LFUS) by 6.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,389 shares of the technology company’s stock after selling 99 shares during the period. Captrust Financial Advisors’ holdings in Littelfuse were worth $327,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its holdings in shares of Littelfuse by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 312,535 shares of the technology company’s stock valued at $73,649,000 after buying an additional 8,588 shares in the last quarter. Atria Wealth Solutions Inc. lifted its position in shares of Littelfuse by 5.5% during the 4th quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company’s stock worth $225,000 after purchasing an additional 50 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Littelfuse during the 4th quarter worth about $5,892,000. Bank of New York Mellon Corp raised its holdings in Littelfuse by 7.4% in the 4th quarter. Bank of New York Mellon Corp now owns 260,102 shares of the technology company’s stock valued at $61,293,000 after acquiring an additional 18,013 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Littelfuse by 0.4% in the 4th quarter. Victory Capital Management Inc. now owns 513,679 shares of the technology company’s stock valued at $121,048,000 after purchasing an additional 2,056 shares during the period. 96.14% of the stock is owned by institutional investors and hedge funds.

Littelfuse Stock Down 0.2%

Shares of LFUS opened at $216.10 on Wednesday. Littelfuse, Inc. has a one year low of $142.10 and a one year high of $275.58. The company has a market cap of $5.34 billion, a P/E ratio of 48.02, a P/E/G ratio of 2.24 and a beta of 1.38. 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 firm has a 50 day simple moving average of $187.13 and a two-hundred day simple moving average of $220.98.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings results on Tuesday, April 29th. The technology company reported $2.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.37. The company had revenue of $554.31 million during the quarter, compared to the consensus estimate of $537.60 million. Littelfuse had a net margin of 5.16% and a return on equity of 8.55%. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.76 earnings per share. Research analysts forecast that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.

Littelfuse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 22nd will be paid a $0.70 dividend. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $2.80 annualized dividend and a dividend yield of 1.30%. Littelfuse’s dividend payout ratio is 64.81%.

Insider Buying and Selling at Littelfuse

In related news, SVP Deepak Nayar sold 1,477 shares of the company’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $197.50, for a total value of $291,707.50. Following the sale, the senior vice president now owns 5,975 shares in the company, valued at $1,180,062.50. This represents a 19.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. StockNews.com upgraded Littelfuse from a “hold” rating to a “buy” rating in a research report on Tuesday, May 6th. Oppenheimer dropped their price target on Littelfuse from $310.00 to $275.00 and set an “outperform” rating on the stock in a research note on Thursday, May 1st. Baird R W downgraded Littelfuse from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 15th. Robert W. Baird lifted their price target on Littelfuse from $182.00 to $194.00 and gave the stock a “neutral” rating in a report on Thursday, May 1st. Finally, Benchmark restated a “hold” rating on shares of Littelfuse in a report on Wednesday, April 30th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Littelfuse presently has an average rating of “Hold” and a consensus target price of $252.25.

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.