Impax Asset Management Group plc Has $110.59 Million Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

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 filing with the SEC. The institutional investor owned 566,393 shares of the technology company's stock after selling 97,978 shares during the period. Impax Asset Management Group plc owned approximately 2.29% of Littelfuse worth $110,589,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Smartleaf Asset Management LLC increased its holdings in Littelfuse by 548.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 188 shares of the technology company's stock worth $44,000 after purchasing an additional 159 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Littelfuse by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 312,535 shares of the technology company's stock worth $73,649,000 after purchasing an additional 8,588 shares during the last quarter. Assetmark Inc. increased its holdings in Littelfuse by 11.4% during the 4th quarter. Assetmark Inc. now owns 801 shares of the technology company's stock worth $189,000 after purchasing an additional 82 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in Littelfuse during the 4th quarter worth approximately $5,892,000. Finally, Arizona State Retirement System increased its holdings in Littelfuse by 0.7% during the 4th quarter. Arizona State Retirement System now owns 7,188 shares of the technology company's stock worth $1,694,000 after purchasing an additional 51 shares during the last quarter. 96.14% of the stock is owned by institutional investors and hedge funds.

Littelfuse Trading Down 0.4%

Shares of Littelfuse stock traded down $0.99 on Friday, reaching $236.36. 109,515 shares of the company were exchanged, compared to its average volume of 164,173. The stock has a fifty day moving average price of $212.97 and a 200-day moving average price of $214.30. The firm has a market capitalization of $5.84 billion, a price-to-earnings ratio of 54.71, a price-to-earnings-growth ratio of 2.15 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 fifty-two week low of $142.10 and a fifty-two week high of $275.58.

Littelfuse (NASDAQ:LFUS - Get Free Report) last announced its earnings results on Tuesday, April 29th. The technology company reported $2.19 earnings per share (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 analyst estimates of $537.60 million. Littelfuse had a return on equity of 9.00% and a net margin of 4.89%. Littelfuse's revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.76 earnings per share. On average, analysts expect that Littelfuse, Inc. will post 9.49 EPS for the current year.

Littelfuse Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Thursday, May 22nd were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.18%. The ex-dividend date was Thursday, May 22nd. Littelfuse's payout ratio is 64.81%.

Insiders Place Their Bets

In related news, SVP Deepak Nayar sold 1,477 shares of the company's 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 transaction, the senior vice president directly owned 5,975 shares of the company's stock, valued at approximately $1,180,062.50. The trade was a 19.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.50% of the company's stock.

Analysts Set New Price Targets

LFUS has been the subject of a number of research analyst reports. Robert W. Baird boosted their price target on Littelfuse from $182.00 to $194.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Baird R W downgraded Littelfuse from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Wall Street Zen upgraded Littelfuse from a "hold" rating to a "buy" rating in a report on Friday, June 27th. Oppenheimer lowered their price target on Littelfuse from $310.00 to $275.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Finally, Benchmark reiterated a "hold" rating on shares of Littelfuse in a report on Wednesday, May 28th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus 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.