Man Group plc Has $4.60 Million Stock Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Man Group plc lessened its holdings in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 9.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,500 shares of the technology company's stock after selling 1,986 shares during the period. Man Group plc owned about 0.08% of Littelfuse worth $4,595,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Nomura Holdings Inc. acquired a new stake in shares of Littelfuse in the fourth quarter worth $776,000. Numerai GP LLC acquired a new stake in shares of Littelfuse in the fourth quarter worth $1,258,000. Millennium Management LLC boosted its position in shares of Littelfuse by 806.0% in the fourth quarter. Millennium Management LLC now owns 19,253 shares of the technology company's stock worth $4,537,000 after buying an additional 17,128 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Littelfuse by 8.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,183 shares of the technology company's stock worth $11,542,000 after buying an additional 3,879 shares during the period. Finally, Graham Capital Management L.P. acquired a new stake in shares of Littelfuse in the fourth quarter worth $233,000. Institutional investors and hedge funds own 96.14% of the company's stock.

Insider Buying and Selling at Littelfuse

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Robert W. Baird lifted their price objective on Littelfuse from $182.00 to $194.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Oppenheimer cut their price target on Littelfuse from $310.00 to $275.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. StockNews.com downgraded Littelfuse from a "buy" rating to a "hold" rating in a research note on Wednesday. Benchmark reaffirmed a "hold" rating on shares of Littelfuse in a research note on Wednesday, April 30th. Finally, Baird R W downgraded Littelfuse from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $252.25.

Littelfuse Stock Down 2.5%

Shares of LFUS stock opened at $210.68 on Thursday. The stock's 50 day simple moving average is $187.13 and its 200 day simple moving average is $220.91. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.62 and a current ratio of 3.61. Littelfuse, Inc. has a twelve month low of $142.10 and a twelve month high of $275.58. The company has a market capitalization of $5.21 billion, a price-to-earnings ratio of 46.82, a PEG ratio of 2.24 and a beta of 1.38.

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 for the quarter, beating analysts' consensus estimates of $1.82 by $0.37. Littelfuse had a return on equity of 8.55% and a net margin of 5.16%. The business had revenue of $554.31 million for the quarter, compared to the consensus estimate of $537.60 million. During the same period last year, the business earned $1.76 EPS. The firm's revenue was up 3.5% compared to the same quarter last year. As a group, research analysts predict that Littelfuse, Inc. will post 9.49 EPS for the current year.

Littelfuse Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Thursday, May 22nd. Littelfuse's dividend payout ratio (DPR) is currently 64.81%.

Littelfuse 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.

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