Captrust Financial Advisors Lowers Stake in Littelfuse, Inc. (NASDAQ:LFUS)

Captrust Financial Advisors reduced its position in Littelfuse, Inc. (NASDAQ:LFUS) by 6.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,389 shares of the technology company’s stock after selling 99 shares during the quarter. Captrust Financial Advisors’ holdings in Littelfuse were worth $327,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Bamco Inc. NY increased its holdings in shares of Littelfuse by 22.4% during the fourth quarter. Bamco Inc. NY now owns 2,836 shares of the technology company’s stock valued at $668,000 after acquiring an additional 519 shares in the last quarter. BLI Banque de Luxembourg Investments purchased a new stake in Littelfuse in the 4th quarter worth approximately $16,250,000. BNP Paribas Financial Markets lifted its position in shares of Littelfuse by 21.2% during the 4th quarter. BNP Paribas Financial Markets now owns 3,453 shares of the technology company’s stock valued at $814,000 after buying an additional 605 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Littelfuse by 119.4% during the 4th quarter. Ameriprise Financial Inc. now owns 116,940 shares of the technology company’s stock worth $27,557,000 after buying an additional 63,632 shares in the last quarter. Finally, Cypress Advisory Group LLC acquired a new position in Littelfuse in the 4th quarter valued at $640,000. 96.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on LFUS shares. Oppenheimer cut their target price on Littelfuse from $310.00 to $275.00 and set an “outperform” rating for the company in a research note on Thursday, May 1st. Robert W. Baird lifted their price objective on Littelfuse from $182.00 to $194.00 and gave the company a “neutral” rating in a research note on Thursday, May 1st. Baird R W cut Littelfuse from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 15th. StockNews.com raised Littelfuse from a “hold” rating to a “buy” rating in a report on Tuesday, May 6th. Finally, Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a report on Wednesday, April 30th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $252.25.

Insider Buying and Selling at Littelfuse

In other news, SVP Deepak Nayar sold 1,477 shares of Littelfuse stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $197.50, for a total value of $291,707.50. Following the completion of the transaction, the senior vice president now owns 5,975 shares in the company, valued at approximately $1,180,062.50. This trade represents a 19.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.50% of the stock is owned by insiders.

Littelfuse Stock Performance

NASDAQ LFUS opened at $216.10 on Wednesday. The business’s 50-day moving average price is $187.13 and its 200 day moving average price is $220.98. Littelfuse, Inc. has a twelve month low of $142.10 and a twelve month high of $275.58. The company has a market capitalization of $5.34 billion, a PE ratio of 48.02, a price-to-earnings-growth ratio of 2.24 and a beta of 1.38. The company has a current ratio of 3.61, a quick ratio of 2.62 and a debt-to-equity ratio of 0.32.

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

Littelfuse Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.30%. Littelfuse’s dividend payout ratio (DPR) is currently 64.81%.

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.