Principal Financial Group Inc. Sells 5,890 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Principal Financial Group Inc. trimmed its position in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 2.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 254,247 shares of the technology company's stock after selling 5,890 shares during the quarter. Principal Financial Group Inc. owned 1.03% of Littelfuse worth $50,021,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. First Horizon Advisors Inc. lifted its holdings in shares of Littelfuse by 228.2% during the 1st quarter. First Horizon Advisors Inc. now owns 128 shares of the technology company's stock valued at $25,000 after buying an additional 89 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of Littelfuse by 548.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 188 shares of the technology company's stock valued at $44,000 after buying an additional 159 shares during the period. Fifth Third Bancorp lifted its holdings in shares of 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 buying an additional 76 shares during the period. Parallel Advisors LLC lifted its holdings in shares of Littelfuse by 105.6% during the 1st quarter. Parallel Advisors LLC now owns 333 shares of the technology company's stock valued at $66,000 after buying an additional 171 shares during the period. Finally, Global X Japan Co. Ltd. raised its holdings in Littelfuse by 33.5% in the 1st quarter. Global X Japan Co. Ltd. now owns 347 shares of the technology company's stock worth $68,000 after purchasing an additional 87 shares during the period. 96.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

LFUS has been the topic of a number of recent research reports. Oppenheimer decreased their target price on Littelfuse from $310.00 to $275.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. Robert W. Baird raised 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. Wall Street Zen raised Littelfuse from a "hold" rating to a "buy" rating in a report on Friday, June 27th. Benchmark reaffirmed a "hold" rating on shares of Littelfuse in a report on Wednesday, May 28th. Finally, Baird R W cut Littelfuse from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Littelfuse currently has a consensus rating of "Hold" and a consensus target price of $252.25.

Littelfuse Trading Down 0.4%

Shares of LFUS stock opened at $236.36 on Monday. 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 quick ratio of 2.75 and a current ratio of 3.88. The firm has a market capitalization of $5.84 billion, a PE ratio of 54.71, a PEG ratio of 2.15 and a beta of 1.39. The stock has a fifty day simple moving average of $212.97 and a two-hundred day simple moving average of $214.30.

Littelfuse (NASDAQ:LFUS - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The technology company reported $2.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.82 by $0.37. Littelfuse had a return on equity of 9.00% and a net margin of 4.89%. The business had revenue of $554.31 million during the quarter, compared to analyst estimates of $537.60 million. During the same quarter in the prior year, the business posted $1.76 EPS. Littelfuse's revenue for the quarter was up 3.5% compared to the same quarter last year. On average, analysts predict that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.

Littelfuse Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd were paid a $0.70 dividend. The ex-dividend date was Thursday, May 22nd. This represents a $2.80 dividend on an annualized basis and a yield of 1.18%. Littelfuse's payout ratio is presently 64.81%.

Insider Transactions at Littelfuse

In other news, SVP Deepak Nayar sold 1,477 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $197.50, for a total transaction of $291,707.50. Following the completion of the transaction, the senior vice president owned 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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.

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