Corient Private Wealth LLC Buys 258 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Corient Private Wealth LLC grew its stake in Littelfuse, Inc. (NASDAQ:LFUSFree Report) by 9.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,869 shares of the technology company’s stock after buying an additional 258 shares during the period. Corient Private Wealth LLC’s holdings in Littelfuse were worth $768,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LFUS. Vanguard Group Inc. raised its holdings in Littelfuse by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 2,632,292 shares of the technology company’s stock worth $651,018,000 after purchasing an additional 20,947 shares during the last quarter. Norges Bank acquired a new position in Littelfuse in the fourth quarter valued at $150,004,000. Victory Capital Management Inc. lifted its holdings in Littelfuse by 4.8% in the fourth quarter. Victory Capital Management Inc. now owns 421,392 shares of the technology company’s stock valued at $112,748,000 after buying an additional 19,435 shares during the period. Invesco Ltd. boosted its position in Littelfuse by 6.8% during the third quarter. Invesco Ltd. now owns 414,889 shares of the technology company’s stock valued at $102,610,000 after acquiring an additional 26,278 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Littelfuse by 3.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 346,174 shares of the technology company’s stock worth $92,627,000 after acquiring an additional 10,770 shares during the period. 96.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on LFUS. Robert W. Baird upgraded Littelfuse from a “neutral” rating to an “outperform” rating and upped their target price for the company from $270.00 to $300.00 in a research report on Friday, May 17th. StockNews.com lowered shares of Littelfuse from a “buy” rating to a “hold” rating in a research note on Saturday, March 30th. Jefferies Financial Group began coverage on shares of Littelfuse in a research note on Tuesday, April 9th. They set a “hold” rating and a $260.00 target price on the stock. Baird R W raised shares of Littelfuse from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 17th. Finally, Benchmark reissued a “hold” rating on shares of Littelfuse in a research report on Thursday, May 2nd. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $280.00.

Read Our Latest Research Report on Littelfuse

Littelfuse Stock Performance

Shares of LFUS stock opened at $248.34 on Wednesday. The company has a current ratio of 3.57, a quick ratio of 2.44 and a debt-to-equity ratio of 0.32. The firm has a fifty day simple moving average of $244.28 and a two-hundred day simple moving average of $243.97. Littelfuse, Inc. has a 12 month low of $212.80 and a 12 month high of $309.94. The firm has a market capitalization of $6.15 billion, a PE ratio of 28.45, a price-to-earnings-growth ratio of 2.49 and a beta of 1.29.

Littelfuse (NASDAQ:LFUSGet Free Report) last released its quarterly earnings results on Tuesday, April 30th. The technology company reported $1.76 earnings per share (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 the consensus estimate of $519.08 million. During the same quarter in the previous year, the business earned $3.64 EPS. The company’s quarterly revenue was down 12.2% on a year-over-year basis. Analysts forecast that Littelfuse, Inc. will post 8.59 EPS for the current fiscal year.

Littelfuse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 23rd will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 1.05%. The ex-dividend date is Wednesday, May 22nd. Littelfuse’s dividend payout ratio (DPR) is presently 29.78%.

Insiders Place Their Bets

In other news, SVP Deepak Nayar sold 1,305 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $250.25, for a total value of $326,576.25. Following the completion of the sale, the senior vice president now owns 4,630 shares in the company, valued at $1,158,657.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, SVP Deepak Nayar sold 1,305 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $250.25, for a total value of $326,576.25. Following the transaction, the senior vice president now owns 4,630 shares in the company, valued at approximately $1,158,657.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Meenal Sethna sold 6,114 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $256.49, for a total value of $1,568,179.86. Following the sale, the chief financial officer now directly owns 22,432 shares of the company’s stock, valued at $5,753,583.68. The disclosure for this sale can be found here. Insiders have sold 9,638 shares of company stock valued at $2,463,552 in the last three months. 2.30% of the stock is currently owned by insiders.

About Littelfuse

(Free Report)

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.

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Institutional Ownership by Quarter for Littelfuse (NASDAQ:LFUS)

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