Man Group plc Sells 1,986 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Man Group plc lowered its position in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 9.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,500 shares of the technology company's stock after selling 1,986 shares during the quarter. Man Group plc owned 0.08% of Littelfuse worth $4,595,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its stake in shares of 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 in the last quarter. Atria Wealth Solutions Inc. raised its stake in shares of Littelfuse by 5.5% during the 4th quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company's stock worth $225,000 after purchasing an additional 50 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Littelfuse during the 4th quarter worth approximately $5,892,000. Bank of New York Mellon Corp raised its stake in shares of Littelfuse by 7.4% during the 4th quarter. Bank of New York Mellon Corp now owns 260,102 shares of the technology company's stock worth $61,293,000 after purchasing an additional 18,013 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Littelfuse by 0.4% during the 4th quarter. Victory Capital Management Inc. now owns 513,679 shares of the technology company's stock worth $121,048,000 after purchasing an additional 2,056 shares in the last quarter. Institutional investors and hedge funds own 96.14% of the company's stock.

Analyst Ratings Changes

LFUS has been the subject of a number of research analyst reports. Robert W. Baird lifted their price objective on shares of Littelfuse from $182.00 to $194.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Baird R W downgraded shares of Littelfuse from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Oppenheimer reduced their price objective 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 reiterated a "hold" rating on shares of Littelfuse in a research note on Wednesday, April 30th. Finally, Wall Street Zen cut shares of Littelfuse from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $252.25.

Insider Transactions at Littelfuse

In other news, SVP Deepak Nayar sold 1,477 shares of Littelfuse 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 sale, the senior vice president now directly owns 5,975 shares in the company, valued at $1,180,062.50. The trade was a 19.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.50% of the company's stock.

Littelfuse Stock Up 3.2%

NASDAQ:LFUS traded up $6.60 during trading hours on Tuesday, hitting $212.00. 173,139 shares of the company traded hands, compared to its average volume of 160,228. The company has a quick ratio of 2.62, a current ratio of 3.61 and a debt-to-equity ratio of 0.32. The firm's 50-day simple moving average is $186.75 and its 200-day simple moving average is $219.35. Littelfuse, Inc. has a one year low of $142.10 and a one year high of $275.58. The company has a market cap of $5.24 billion, a PE ratio of 47.11, a PEG ratio of 2.24 and a beta of 1.38.

Littelfuse (NASDAQ:LFUS - Get Free Report) last released its earnings results on Tuesday, April 29th. The technology company reported $2.19 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 analysts' expectations of $537.60 million. Littelfuse had a return on equity of 8.55% and a net margin of 5.16%. The business'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 business posted $1.76 EPS. Equities analysts predict that Littelfuse, Inc. will post 9.49 earnings per share for the current year.

Littelfuse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Thursday, May 22nd. Littelfuse's payout ratio is 64.81%.

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.