Louisiana State Employees Retirement System Takes Position in Littelfuse, Inc. (NASDAQ:LFUS)

Louisiana State Employees Retirement System bought a new stake in Littelfuse, Inc. (NASDAQ:LFUS) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,000 shares of the technology company’s stock, valued at approximately $1,873,000.

Other institutional investors have also modified their holdings of the company. Townsquare Capital LLC increased its stake in Littelfuse by 1.7% in the 4th quarter. Townsquare Capital LLC now owns 2,394 shares of the technology company’s stock valued at $527,000 after buying an additional 40 shares during the period. Raymond James Trust N.A. increased its stake in Littelfuse by 4.1% in the 4th quarter. Raymond James Trust N.A. now owns 1,156 shares of the technology company’s stock valued at $309,000 after buying an additional 45 shares during the period. J.P. Morgan Private Wealth Advisors LLC increased its stake in Littelfuse by 0.8% in the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 5,528 shares of the technology company’s stock valued at $1,367,000 after buying an additional 46 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Littelfuse by 33.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 201 shares of the technology company’s stock valued at $44,000 after buying an additional 50 shares during the period. Finally, Utah Retirement Systems increased its stake in Littelfuse by 1.2% in the 4th quarter. Utah Retirement Systems now owns 4,318 shares of the technology company’s stock valued at $951,000 after buying an additional 50 shares during the period. 96.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

LFUS has been the topic of several recent research reports. Jefferies Financial Group initiated coverage on shares of Littelfuse in a research note on Tuesday, April 9th. They issued a “hold” rating and a $260.00 price objective on the stock. StockNews.com cut shares of Littelfuse from a “buy” rating to a “hold” rating in a research note on Saturday, March 30th.

Littelfuse Stock Performance

NASDAQ:LFUS opened at $226.12 on Friday. The company has a quick ratio of 2.49, a current ratio of 3.75 and a debt-to-equity ratio of 0.35. Littelfuse, Inc. has a fifty-two week low of $212.80 and a fifty-two week high of $309.94. The stock has a market cap of $5.63 billion, a PE ratio of 21.87, a price-to-earnings-growth ratio of 2.03 and a beta of 1.34. The firm’s fifty day simple moving average is $237.50 and its 200-day simple moving average is $239.84.

Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings results on Tuesday, January 30th. The technology company reported $2.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.02. Littelfuse had a net margin of 10.98% and a return on equity of 12.35%. The business had revenue of $533.80 million for the quarter, compared to analysts’ expectations of $535.76 million. During the same period in the prior year, the company posted $3.34 EPS. The business’s revenue for the quarter was down 12.9% on a year-over-year basis. Analysts expect that Littelfuse, Inc. will post 9.44 earnings per share for the current fiscal year.

Littelfuse Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Thursday, February 22nd were paid a dividend of $0.65 per share. The ex-dividend date was Wednesday, February 21st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.15%. Littelfuse’s dividend payout ratio (DPR) is presently 25.15%.

Insider Buying and Selling

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

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.