Littelfuse, Inc. (NASDAQ:LFUS) Shares Sold by Earnest Partners LLC

Earnest Partners LLC reduced its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 427,456 shares of the technology company's stock after selling 3,583 shares during the quarter. Earnest Partners LLC owned about 1.72% of Littelfuse worth $100,730,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Atria Wealth Solutions Inc. boosted its stake in Littelfuse by 5.5% during the fourth quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company's stock valued at $225,000 after buying an additional 50 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of Littelfuse by 0.7% in the fourth quarter. Arizona State Retirement System now owns 7,188 shares of the technology company's stock valued at $1,694,000 after purchasing an additional 51 shares in the last quarter. Treasurer of the State of North Carolina increased its position in Littelfuse by 0.7% in the fourth quarter. Treasurer of the State of North Carolina now owns 10,733 shares of the technology company's stock worth $2,529,000 after purchasing an additional 70 shares during the last quarter. Assetmark Inc. raised its stake in Littelfuse by 11.4% during the fourth quarter. Assetmark Inc. now owns 801 shares of the technology company's stock valued at $189,000 after purchasing an additional 82 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its position in Littelfuse by 1.8% during the fourth quarter. Harbor Capital Advisors Inc. now owns 5,560 shares of the technology company's stock valued at $1,310,000 after purchasing an additional 96 shares during the last quarter. Institutional investors own 96.14% of the company's stock.

Littelfuse Trading Up 2.6 %

LFUS traded up $4.95 on Friday, reaching $193.63. 117,997 shares of the company traded hands, compared to its average volume of 156,166. The company has a quick ratio of 2.62, a current ratio of 3.61 and a debt-to-equity ratio of 0.32. The company has a market cap of $4.79 billion, a P/E ratio of 43.03, a price-to-earnings-growth ratio of 2.24 and a beta of 1.30. The firm has a fifty day simple moving average of $190.87 and a two-hundred day simple moving average of $225.51. Littelfuse, Inc. has a one year low of $142.10 and a one year high of $275.58.

Littelfuse (NASDAQ:LFUS - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The technology company reported $2.19 earnings per share for the quarter, topping analysts' consensus estimates of $1.82 by $0.37. The firm had revenue of $554.31 million during the quarter, compared to analysts' expectations of $537.60 million. Littelfuse had a return on equity of 8.55% and a net margin of 5.16%. The firm's quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.76 EPS. As a group, equities research analysts expect that Littelfuse, Inc. will post 9.49 earnings per share for the current year.

Littelfuse Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 22nd will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $2.80 annualized dividend and a yield of 1.45%. Littelfuse's dividend payout ratio (DPR) is 64.81%.

Wall Street Analyst Weigh In

LFUS has been the subject of several recent research reports. Benchmark reiterated a "hold" rating on shares of Littelfuse in a research report on Wednesday. Robert W. Baird lifted their price objective on shares of Littelfuse from $182.00 to $194.00 and gave the stock a "neutral" rating in a research note on Thursday. Oppenheimer cut their price objective on shares of Littelfuse from $310.00 to $275.00 and set an "outperform" rating on the stock in a research report on Thursday. StockNews.com downgraded shares of Littelfuse from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Finally, Baird R W downgraded shares of Littelfuse from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $252.25.

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.