Westwood Holdings Group Inc. Purchases 9,705 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Westwood Holdings Group Inc. raised its holdings in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 347,364 shares of the technology company's stock after purchasing an additional 9,705 shares during the quarter. Westwood Holdings Group Inc. owned 1.40% of Littelfuse worth $81,856,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of LFUS. Vanguard Group Inc. boosted its holdings in shares of Littelfuse by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 2,807,162 shares of the technology company's stock valued at $661,508,000 after acquiring an additional 40,423 shares in the last quarter. Neuberger Berman Group LLC boosted its holdings in shares of Littelfuse by 1.2% during the 4th quarter. Neuberger Berman Group LLC now owns 1,047,025 shares of the technology company's stock valued at $246,732,000 after acquiring an additional 11,958 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Littelfuse by 7.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 763,396 shares of the technology company's stock valued at $179,895,000 after acquiring an additional 55,835 shares in the last quarter. Norges Bank acquired a new stake in shares of Littelfuse during the 4th quarter valued at $131,579,000. Finally, Victory Capital Management Inc. boosted its holdings 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 valued at $121,048,000 after acquiring an additional 2,056 shares in the last quarter. Institutional investors and hedge funds own 96.14% of the company's stock.

Insider Transactions at Littelfuse

In other news, SVP Deepak Nayar sold 1,477 shares of Littelfuse stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $197.50, for a total value of $291,707.50. Following the completion of the transaction, the senior vice president now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.50% of the company's stock.

Analysts Set New Price Targets

LFUS has been the topic of several recent research reports. StockNews.com downgraded Littelfuse from a "buy" rating to a "hold" rating in a report on Wednesday. Baird R W downgraded Littelfuse from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Oppenheimer cut 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 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 reaffirmed a "hold" rating on shares of Littelfuse in a report on Wednesday, April 30th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Littelfuse presently has an average rating of "Hold" and an average price target of $252.25.

Littelfuse Trading Down 2.5%

Shares of LFUS stock traded down $5.42 during mid-day trading on Wednesday, hitting $210.68. The company's stock had a trading volume of 201,223 shares, compared to its average volume of 159,246. The company's fifty day simple moving average is $187.13 and its 200-day simple moving average is $220.91. 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 2.62 and a current ratio of 3.61. The company has a market cap of $5.21 billion, a PE ratio of 46.82, a P/E/G ratio of 2.24 and a beta of 1.38.

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

Littelfuse Announces Dividend

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

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.