Price T Rowe Associates Inc. MD Sells 28,765 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Price T Rowe Associates Inc. MD cut its position in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 24.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 87,827 shares of the technology company's stock after selling 28,765 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.35% of Littelfuse worth $20,697,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in LFUS. Barclays PLC boosted its stake in shares of Littelfuse by 52.7% in the third quarter. Barclays PLC now owns 11,448 shares of the technology company's stock valued at $3,037,000 after buying an additional 3,949 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Littelfuse during the 3rd quarter valued at $84,000. Tidal Investments LLC grew its holdings in shares of Littelfuse by 67.8% during the 3rd quarter. Tidal Investments LLC now owns 5,417 shares of the technology company's stock worth $1,437,000 after purchasing an additional 2,188 shares in the last quarter. Synovus Financial Corp increased its position in shares of Littelfuse by 11.9% in the third quarter. Synovus Financial Corp now owns 2,857 shares of the technology company's stock worth $758,000 after purchasing an additional 304 shares during the period. Finally, Lord Abbett & CO. LLC raised its stake in Littelfuse by 6.0% in the third quarter. Lord Abbett & CO. LLC now owns 193,719 shares of the technology company's stock valued at $51,384,000 after purchasing an additional 10,972 shares in the last quarter. Institutional investors own 96.14% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on LFUS. Benchmark reaffirmed a "hold" rating on shares of Littelfuse in a report on Wednesday, April 30th. Oppenheimer reduced 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. StockNews.com upgraded Littelfuse from a "hold" rating to a "buy" rating in a research report on Tuesday. Baird R W cut Littelfuse from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Finally, Robert W. Baird increased their target price on shares of Littelfuse from $182.00 to $194.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $252.25.

Littelfuse Trading Down 0.7 %

Shares of NASDAQ:LFUS traded down $1.32 during midday trading on Wednesday, hitting $189.26. 10,939 shares of the stock were exchanged, compared to its average volume of 155,912. The business's 50-day moving average price is $188.14 and its 200 day moving average price is $223.90. The stock has a market capitalization of $4.68 billion, a price-to-earnings ratio of 42.14, a P/E/G ratio of 2.24 and a beta of 1.38. Littelfuse, Inc. has a 12 month low of $142.10 and a 12 month 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.

Littelfuse (NASDAQ:LFUS - Get Free Report) last announced its earnings results on Tuesday, April 29th. The technology company reported $2.19 EPS for the quarter, topping the consensus estimate of $1.82 by $0.37. The firm 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 8.55% and a net margin of 5.16%. The business's quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.76 EPS. Analysts predict that Littelfuse, Inc. will post 9.49 earnings per share for the current year.

Littelfuse Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.48%. Littelfuse's dividend payout ratio (DPR) is currently 64.81%.

Insider Buying and Selling

In other Littelfuse news, SVP Deepak Nayar sold 1,477 shares of the company's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $197.50, for a total transaction of $291,707.50. Following the transaction, the senior vice president now owns 5,975 shares in the company, valued at approximately $1,180,062.50. This represents a 19.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.50% of the stock is owned by company insiders.

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.