Littelfuse, Inc. (NASDAQ:LFUS) Shares Sold by Impax Asset Management Group plc

Impax Asset Management Group plc cut its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 14.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 566,393 shares of the technology company's stock after selling 97,978 shares during the quarter. Impax Asset Management Group plc owned 2.29% of Littelfuse worth $110,589,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Palisade Capital Management LP boosted its position in Littelfuse by 6.5% during the 1st quarter. Palisade Capital Management LP now owns 183,400 shares of the technology company's stock worth $36,082,000 after buying an additional 11,157 shares during the period. Teacher Retirement System of Texas lifted its position in shares of Littelfuse by 80.5% in the 1st quarter. Teacher Retirement System of Texas now owns 5,023 shares of the technology company's stock worth $988,000 after purchasing an additional 2,240 shares during the period. First Horizon Advisors Inc. lifted its position in shares of Littelfuse by 228.2% in the 1st quarter. First Horizon Advisors Inc. now owns 128 shares of the technology company's stock worth $25,000 after purchasing an additional 89 shares during the period. Hunter Perkins Capital Management LLC lifted its position in shares of Littelfuse by 2.1% in the 1st quarter. Hunter Perkins Capital Management LLC now owns 4,620 shares of the technology company's stock worth $909,000 after purchasing an additional 95 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its position in shares of Littelfuse by 1.1% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 6,142 shares of the technology company's stock worth $1,208,000 after purchasing an additional 69 shares during the period. 96.14% of the stock is owned by institutional investors.

Littelfuse Stock Up 1.7%

Shares of Littelfuse stock traded up $3.97 during trading on Tuesday, hitting $235.58. 146,711 shares of the stock traded hands, compared to its average volume of 164,668. The firm has a market cap of $5.82 billion, a P/E ratio of 54.53, a price-to-earnings-growth ratio of 2.11 and a beta of 1.39. 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 stock's fifty day simple moving average is $215.15 and its 200 day simple moving average is $214.42.

Littelfuse (NASDAQ:LFUS - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The technology company reported $2.19 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.37. Littelfuse had a return on equity of 9.00% and a net margin of 4.89%. The business had revenue of $554.31 million during the quarter, compared to the consensus estimate of $537.60 million. During the same quarter last year, the company earned $1.76 earnings per share. The company's quarterly revenue was up 3.5% on a year-over-year basis. On average, equities analysts predict that Littelfuse, Inc. will post 9.49 earnings per share for the current fiscal year.

Littelfuse Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Thursday, May 22nd were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a $2.80 annualized dividend and a yield of 1.19%. Littelfuse's dividend payout ratio is presently 64.81%.

Insider Activity

In other news, SVP Deepak Nayar sold 1,477 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $197.50, for a total transaction of $291,707.50. Following the completion of the transaction, the senior vice president directly owned 5,975 shares in the company, valued at approximately $1,180,062.50. This represents a 19.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on LFUS shares. Oppenheimer cut their target price on shares of Littelfuse from $310.00 to $275.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Benchmark reissued a "hold" rating on shares of Littelfuse in a research note on Wednesday, May 28th. Robert W. Baird lifted their price target on shares of Littelfuse from $182.00 to $194.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Wall Street Zen raised shares of Littelfuse from a "hold" rating to a "buy" rating in a research note on Friday, June 27th. Finally, Baird R W cut shares of Littelfuse from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Littelfuse presently has a consensus rating of "Hold" and an average target price of $252.25.

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.