Barrow Hanley Mewhinney & Strauss LLC Sells 7,657 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

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

Several other hedge funds also recently modified their holdings of LFUS. Quent Capital LLC lifted its stake in Littelfuse by 525.0% in the fourth quarter. Quent Capital LLC now owns 125 shares of the technology company's stock valued at $29,000 after buying an additional 105 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of Littelfuse by 181.0% in the 4th quarter. Geneos Wealth Management Inc. now owns 163 shares of the technology company's stock valued at $38,000 after acquiring an additional 105 shares during the last quarter. Bank of Jackson Hole Trust acquired a new stake in shares of Littelfuse in the 4th quarter valued at approximately $40,000. Smartleaf Asset Management LLC raised its position in shares of Littelfuse by 548.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 188 shares of the technology company's stock valued at $44,000 after acquiring an additional 159 shares during the period. Finally, Global X Japan Co. Ltd. boosted its stake in Littelfuse by 221.0% during the 4th quarter. Global X Japan Co. Ltd. now owns 260 shares of the technology company's stock worth $61,000 after acquiring an additional 179 shares during the last quarter. Institutional investors own 96.14% of the company's stock.

Littelfuse Stock Down 1.4%

LFUS traded down $3.04 during trading on Wednesday, hitting $208.96. The company had a trading volume of 33,773 shares, compared to its average volume of 159,731. The company has a market capitalization of $5.16 billion, a PE ratio of 46.43, a PEG ratio of 2.24 and a beta of 1.38. The company has a quick ratio of 2.62, a current ratio of 3.61 and a debt-to-equity ratio of 0.32. Littelfuse, Inc. has a one year low of $142.10 and a one year high of $275.58. The firm's 50-day moving average price is $186.75 and its 200 day moving average price is $219.35.

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

Littelfuse Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Thursday, May 22nd. Littelfuse's dividend payout ratio (DPR) is currently 64.81%.

Insiders Place Their Bets

In other news, SVP Deepak Nayar sold 1,477 shares of Littelfuse stock in a transaction that occurred on 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 directly owns 5,975 shares in the company, valued at $1,180,062.50. This trade represents a 19.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on LFUS. Wall Street Zen downgraded shares of Littelfuse from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Oppenheimer decreased their price target on shares of Littelfuse from $310.00 to $275.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Baird R W downgraded Littelfuse from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Robert W. Baird lifted their target price on Littelfuse from $182.00 to $194.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Finally, Benchmark restated a "hold" rating on shares of Littelfuse in a report on Wednesday. Five research analysts have rated the stock with a hold rating and two have issued 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.

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.