Littelfuse, Inc. (NASDAQ:LFUS) Shares Sold by Dundas Partners LLP

Dundas Partners LLP cut its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 18.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,251 shares of the technology company’s stock after selling 280 shares during the quarter. Dundas Partners LLP’s holdings in Littelfuse were worth $295,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of LFUS. Pathstone Holdings LLC raised its holdings in shares of Littelfuse by 0.6% during the 3rd quarter. Pathstone Holdings LLC now owns 6,522 shares of the technology company’s stock valued at $1,730,000 after buying an additional 40 shares during the period. Assetmark Inc. lifted its position in shares of Littelfuse by 6.5% during the third quarter. Assetmark Inc. now owns 719 shares of the technology company’s stock worth $191,000 after purchasing an additional 44 shares in the last quarter. US Bancorp DE boosted its stake in shares of Littelfuse by 1.4% in the third quarter. US Bancorp DE now owns 3,436 shares of the technology company’s stock valued at $911,000 after purchasing an additional 49 shares during the period. Atria Wealth Solutions Inc. grew its holdings in Littelfuse by 5.5% during the 4th quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company’s stock valued at $225,000 after purchasing an additional 50 shares in the last quarter. Finally, Arizona State Retirement System increased its stake in Littelfuse by 0.7% during the 4th quarter. Arizona State Retirement System now owns 7,188 shares of the technology company’s stock worth $1,694,000 after buying an additional 51 shares during the period. Institutional investors and hedge funds own 96.14% of the company’s stock.

Wall Street Analyst Weigh In

LFUS has been the subject of a number of analyst reports. Benchmark reissued a “hold” rating on shares of Littelfuse in a research report on Wednesday, January 29th. Robert W. Baird lowered their price objective on Littelfuse from $300.00 to $290.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Finally, StockNews.com raised Littelfuse from a “hold” rating to a “buy” rating in a research report on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Littelfuse currently has an average rating of “Moderate Buy” and a consensus price target of $280.00.

Littelfuse Price Performance

Shares of NASDAQ LFUS opened at $219.93 on Friday. The stock has a market cap of $5.46 billion, a P/E ratio of 48.87, a P/E/G ratio of 2.24 and a beta of 1.27. The firm’s 50-day simple moving average is $235.96 and its 200 day simple moving average is $247.03. Littelfuse, Inc. has a fifty-two week low of $211.90 and a fifty-two week high of $275.58. The company has a quick ratio of 2.62, a current ratio of 3.61 and a debt-to-equity ratio of 0.32.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings results on Tuesday, January 28th. The technology company reported $2.04 EPS for the quarter, hitting analysts’ consensus estimates 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 business posted $2.02 EPS. Equities analysts expect that Littelfuse, Inc. will post 9.49 EPS for the current year.

Littelfuse Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.27%. The ex-dividend date was Thursday, February 20th. Littelfuse’s dividend payout ratio (DPR) is presently 62.22%.

Insider Transactions at Littelfuse

In related news, CAO Jeffrey G. Gorski sold 700 shares of Littelfuse stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $249.02, for a total transaction of $174,314.00. Following the transaction, the chief accounting officer now directly owns 3,105 shares of the company’s stock, valued at $773,207.10. The trade was a 18.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company 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.