Louisiana State Employees Retirement System Sells 200 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Louisiana State Employees Retirement System lessened its position in Littelfuse, Inc. (NASDAQ:LFUS) by 2.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,000 shares of the technology company’s stock after selling 200 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Littelfuse were worth $1,789,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in LFUS. Vanguard Group Inc. grew its position in shares of Littelfuse by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 2,679,767 shares of the technology company’s stock worth $649,442,000 after buying an additional 17,119 shares during the period. Norges Bank bought a new position in Littelfuse during the 4th quarter valued at approximately $150,004,000. Victory Capital Management Inc. boosted 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 worth $112,748,000 after acquiring an additional 19,435 shares in the last quarter. Ariel Investments LLC boosted its holdings in Littelfuse by 1.8% in the first quarter. Ariel Investments LLC now owns 347,223 shares of the technology company’s stock worth $84,149,000 after acquiring an additional 6,030 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Littelfuse by 3.2% in the fourth 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 last quarter. 96.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on LFUS. Robert W. Baird raised shares of Littelfuse from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $270.00 to $300.00 in a research report on Friday, May 17th. Baird R W raised shares of Littelfuse from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 17th. Stifel Nicolaus upgraded shares of Littelfuse from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $270.00 to $280.00 in a report on Tuesday, August 13th. Benchmark reiterated a “hold” rating on shares of Littelfuse in a research note on Thursday, May 2nd. Finally, TD Cowen upped their price target on Littelfuse from $250.00 to $260.00 and gave the company a “hold” rating in a report on Thursday, August 1st. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Littelfuse currently has a consensus rating of “Moderate Buy” and a consensus target price of $275.00.

Insider Activity at Littelfuse

In other Littelfuse news, CEO David W. Heinzmann sold 3,786 shares of the stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $273.92, for a total transaction of $1,037,061.12. Following the completion of the transaction, the chief executive officer now owns 59,654 shares in the company, valued at $16,340,423.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Littelfuse news, CEO David W. Heinzmann sold 3,786 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $273.92, for a total transaction of $1,037,061.12. Following the sale, the chief executive officer now directly owns 59,654 shares in the company, valued at $16,340,423.68. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO David W. Heinzmann sold 300 shares of Littelfuse stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $273.17, for a total value of $81,951.00. Following the completion of the transaction, the chief executive officer now owns 59,654 shares of the company’s stock, valued at approximately $16,295,683.18. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.

Littelfuse Price Performance

NASDAQ LFUS opened at $273.15 on Friday. The firm has a market capitalization of $6.77 billion, a P/E ratio of 31.29, a PEG ratio of 2.58 and a beta of 1.29. The company has a quick ratio of 2.44, a current ratio of 3.50 and a debt-to-equity ratio of 0.32. The company has a 50-day moving average price of $257.57 and a 200-day moving average price of $247.89. Littelfuse, Inc. has a 52 week low of $212.80 and a 52 week high of $275.58.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings data on Tuesday, July 30th. The technology company reported $1.97 EPS for the quarter, beating the consensus estimate of $1.75 by $0.22. Littelfuse had a return on equity of 8.91% and a net margin of 8.71%. The business had revenue of $558.49 million for the quarter, compared to the consensus estimate of $540.35 million. During the same period in the previous year, the business earned $3.12 earnings per share. The business’s revenue was down 8.7% on a year-over-year basis. Equities research analysts anticipate that Littelfuse, Inc. will post 8.37 earnings per share for the current year.

Littelfuse Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 22nd will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.03%. The ex-dividend date is Thursday, August 22nd. This is a boost from Littelfuse’s previous quarterly dividend of $0.65. Littelfuse’s payout ratio is currently 32.07%.

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.