Copeland Capital Management LLC Sells 5,457 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Copeland Capital Management LLC lowered its position in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 2.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 253,692 shares of the technology company's stock after selling 5,457 shares during the period. Copeland Capital Management LLC owned 1.03% of Littelfuse worth $49,912,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of LFUS. Norges Bank purchased a new position in Littelfuse in the 4th quarter worth approximately $131,579,000. Raymond James Financial Inc. purchased a new position in Littelfuse in the 4th quarter worth approximately $32,865,000. GAMMA Investing LLC grew its stake in Littelfuse by 60,177.7% in the 1st quarter. GAMMA Investing LLC now owns 113,322 shares of the technology company's stock worth $22,295,000 after buying an additional 113,134 shares in the last quarter. BLI Banque de Luxembourg Investments purchased a new position in Littelfuse in the 4th quarter worth approximately $16,250,000. Finally, Ameriprise Financial Inc. grew its stake in Littelfuse by 119.4% in 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. Hedge funds and other institutional investors own 96.14% of the company's stock.

Littelfuse Trading Down 0.4%

Shares of LFUS traded down $0.83 during mid-day trading on Friday, reaching $225.65. The company's stock had a trading volume of 169,095 shares, compared to its average volume of 164,184. The stock has a market cap of $5.58 billion, a PE ratio of 52.23, a P/E/G ratio of 2.05 and a beta of 1.38. The company has a current ratio of 3.88, a quick ratio of 2.75 and a debt-to-equity ratio of 0.32. Littelfuse, Inc. has a 52 week low of $142.10 and a 52 week high of $275.58. The company's fifty day moving average price is $206.31 and its two-hundred day moving average price is $214.58.

Littelfuse (NASDAQ:LFUS - Get Free Report) last announced 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. Littelfuse had a net margin of 4.89% and a return on equity of 9.00%. The firm had revenue of $554.31 million during the quarter, compared to analyst estimates of $537.60 million. During the same period in the previous year, the business posted $1.76 EPS. The business's quarterly revenue was up 3.5% on a year-over-year basis. On average, analysts predict that Littelfuse, Inc. will post 9.49 earnings per share for the current fiscal year.

Littelfuse Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Thursday, May 22nd were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a $2.80 dividend on an annualized basis and a yield of 1.24%. Littelfuse's dividend payout ratio is currently 64.81%.

Insider Activity at Littelfuse

In related news, SVP Deepak Nayar sold 1,477 shares of the company's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $197.50, for a total transaction of $291,707.50. Following the completion of the sale, the senior vice president now directly owns 5,975 shares in the company, valued at $1,180,062.50. This represents a 19.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on LFUS shares. Benchmark reissued a "hold" rating on shares of Littelfuse in a research note on Wednesday, May 28th. Oppenheimer cut their price target on shares of Littelfuse from $310.00 to $275.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Baird R W cut shares of Littelfuse from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Wall Street Zen raised shares of Littelfuse from a "hold" rating to a "buy" rating in a research note on Friday. Finally, Robert W. Baird boosted their price objective on shares of Littelfuse from $182.00 to $194.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $252.25.

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.