Littelfuse, Inc. (NASDAQ:LFUS) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lessened its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 9.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,862 shares of the technology company's stock after selling 2,600 shares during the quarter. New York State Teachers Retirement System owned about 0.10% of Littelfuse worth $4,891,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arizona State Retirement System increased its stake in Littelfuse by 0.7% in the 4th quarter. Arizona State Retirement System now owns 7,188 shares of the technology company's stock worth $1,694,000 after acquiring an additional 51 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of Littelfuse by 1.1% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 6,142 shares of the technology company's stock valued at $1,208,000 after purchasing an additional 69 shares during the last quarter. Treasurer of the State of North Carolina increased its position in shares of Littelfuse by 0.7% during the 4th quarter. Treasurer of the State of North Carolina now owns 10,733 shares of the technology company's stock valued at $2,529,000 after purchasing an additional 70 shares during the last quarter. Fifth Third Bancorp boosted its holdings in Littelfuse by 30.5% during the 1st quarter. Fifth Third Bancorp now owns 325 shares of the technology company's stock valued at $64,000 after acquiring an additional 76 shares during the period. Finally, Assetmark Inc. boosted its holdings in Littelfuse by 11.4% during the 4th quarter. Assetmark Inc. now owns 801 shares of the technology company's stock valued at $189,000 after acquiring an additional 82 shares during the period. Institutional investors own 96.14% of the company's stock.

Littelfuse Trading Down 2.1%

Littelfuse stock traded down $4.88 during trading on Monday, reaching $231.61. 217,467 shares of the company were exchanged, compared to its average volume of 164,386. Littelfuse, Inc. has a 52-week low of $142.10 and a 52-week high of $275.58. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.88 and a quick ratio of 2.75. The company has a market capitalization of $5.73 billion, a P/E ratio of 53.61, a PEG ratio of 2.15 and a beta of 1.39. The stock's 50 day simple moving average is $212.97 and its two-hundred day simple moving average is $214.30.

Littelfuse (NASDAQ:LFUS - Get Free Report) last posted its earnings results on Tuesday, April 29th. The technology company reported $2.19 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 9.00% and a net margin of 4.89%. The company's revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.76 earnings per share. On average, equities research analysts expect that Littelfuse, Inc. will post 9.49 earnings per share for the current fiscal year.

Littelfuse Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Thursday, May 22nd were issued a $0.70 dividend. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a $2.80 annualized dividend and a dividend yield of 1.21%. Littelfuse's dividend payout ratio is presently 64.81%.

Analysts Set New Price Targets

LFUS has been the subject of several research reports. Wall Street Zen upgraded Littelfuse from a "hold" rating to a "buy" rating in a report on Friday, June 27th. Benchmark reissued a "hold" rating on shares of Littelfuse in a report on Wednesday, May 28th. Baird R W downgraded Littelfuse from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Oppenheimer lowered their price target on Littelfuse from $310.00 to $275.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Finally, Robert W. Baird lifted their price target on Littelfuse from $182.00 to $194.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Littelfuse currently has an average rating of "Hold" and a consensus price target of $252.25.

Insider Activity

In related news, SVP Deepak Nayar sold 1,477 shares of the business's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $197.50, for a total value of $291,707.50. Following the sale, the senior vice president owned 5,975 shares in the company, valued at approximately $1,180,062.50. The trade was a 19.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.50% of the company's stock.

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.