Littelfuse, Inc. (NASDAQ:LFUS) Shares Sold by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC trimmed its stake in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 2.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 352,170 shares of the technology company's stock after selling 7,657 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned approximately 1.42% of Littelfuse worth $82,989,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Voloridge Investment Management LLC purchased a new position in shares of Littelfuse in the 4th quarter valued at $4,176,000. Westwood Holdings Group Inc. grew its position in shares of Littelfuse by 2.9% in the 4th quarter. Westwood Holdings Group Inc. now owns 347,364 shares of the technology company's stock valued at $81,856,000 after buying an additional 9,705 shares during the last quarter. Squarepoint Ops LLC grew its position in shares of Littelfuse by 151.1% in the 4th quarter. Squarepoint Ops LLC now owns 21,974 shares of the technology company's stock valued at $5,178,000 after buying an additional 13,224 shares during the last quarter. Snowden Capital Advisors LLC grew its position in shares of Littelfuse by 0.5% in the 4th quarter. Snowden Capital Advisors LLC now owns 16,413 shares of the technology company's stock valued at $3,868,000 after buying an additional 86 shares during the last quarter. Finally, ProShare Advisors LLC grew its position in shares of Littelfuse by 2.1% in the 4th quarter. ProShare Advisors LLC now owns 30,376 shares of the technology company's stock valued at $7,158,000 after buying an additional 623 shares during the last quarter. 96.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on LFUS shares. Oppenheimer dropped their target price on shares of Littelfuse from $310.00 to $275.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Robert W. Baird increased their target price on shares of Littelfuse from $182.00 to $194.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Wall Street Zen downgraded shares of Littelfuse from a "buy" rating to a "hold" rating in a research report on Wednesday. Baird R W downgraded shares of Littelfuse from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Finally, Benchmark reissued a "hold" rating on shares of Littelfuse in a research report on Wednesday, April 30th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $252.25.

Littelfuse Trading Down 1.2%

Shares of Littelfuse stock opened at $208.18 on Friday. Littelfuse, Inc. has a 1 year low of $142.10 and a 1 year high of $275.58. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.62 and a current ratio of 3.61. The company has a market capitalization of $5.15 billion, a P/E ratio of 46.26, a PEG ratio of 2.24 and a beta of 1.38. The company's fifty day moving average is $187.00 and its two-hundred day moving average is $220.63.

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 (EPS) for the quarter, topping the consensus estimate 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 net margin of 5.16% and a return on equity of 8.55%. Littelfuse's revenue for the quarter was up 3.5% on a year-over-year basis. During the same period last year, the firm posted $1.76 EPS. Analysts forecast that Littelfuse, Inc. will post 9.49 earnings per share for the current year.

Littelfuse Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend is Thursday, May 22nd. Littelfuse's payout ratio is 64.81%.

Insider Activity

In other news, SVP Deepak Nayar sold 1,477 shares of Littelfuse stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $197.50, for a total value of $291,707.50. Following the sale, the senior vice president now owns 5,975 shares of the company's stock, valued at $1,180,062.50. The trade was a 19.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.50% of the company's stock.

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.

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