Littelfuse, Inc. (NASDAQ:LFUS) Shares Sold by Copeland Capital Management LLC

Copeland Capital Management LLC cut its position in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 3.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 252,158 shares of the technology company's stock after selling 7,748 shares during the period. Littelfuse makes up about 1.4% of Copeland Capital Management LLC's portfolio, making the stock its 29th biggest holding. Copeland Capital Management LLC owned about 1.01% of Littelfuse worth $67,468,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Littelfuse during the fourth quarter valued at approximately $59,907,000. Victory Capital Management Inc. raised its position in Littelfuse by 41.4% during the fourth quarter. Victory Capital Management Inc. now owns 530,502 shares of the technology company's stock valued at $116,817,000 after purchasing an additional 155,341 shares during the period. Rockefeller Capital Management L.P. raised its position in Littelfuse by 775.9% during the first quarter. Rockefeller Capital Management L.P. now owns 128,694 shares of the technology company's stock valued at $34,500,000 after purchasing an additional 114,002 shares during the period. Macquarie Group Ltd. raised its position in Littelfuse by 608.8% during the second quarter. Macquarie Group Ltd. now owns 116,620 shares of the technology company's stock valued at $29,626,000 after purchasing an additional 100,168 shares during the period. Finally, Morgan Stanley raised its position in Littelfuse by 129.2% during the fourth quarter. Morgan Stanley now owns 176,542 shares of the technology company's stock valued at $38,875,000 after purchasing an additional 99,511 shares during the period. 96.14% of the stock is owned by institutional investors.

Littelfuse Trading Up 1.0 %

Shares of NASDAQ LFUS traded up $2.37 during midday trading on Friday, hitting $242.35. The company's stock had a trading volume of 161,134 shares, compared to its average volume of 159,786. The company has a current ratio of 3.75, a quick ratio of 2.49 and a debt-to-equity ratio of 0.35. The business's 50 day moving average is $238.80 and its two-hundred day moving average is $241.18. Littelfuse, Inc. has a 12-month low of $212.80 and a 12-month high of $309.94. The firm has a market cap of $6.04 billion, a P/E ratio of 23.44, a price-to-earnings-growth ratio of 1.83 and a beta of 1.34.

Littelfuse (NASDAQ:LFUS - Get Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The technology company reported $2.02 earnings per share for the quarter, hitting the consensus estimate of $2.02. Littelfuse had a return on equity of 12.35% and a net margin of 10.98%. The firm had revenue of $533.80 million for the quarter, compared to the consensus estimate of $535.76 million. During the same period in the prior year, the business posted $3.34 earnings per share. The company's revenue for the quarter was down 12.9% on a year-over-year basis. As a group, equities research analysts expect that Littelfuse, Inc. will post 11.02 EPS for the current year.

Littelfuse Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Thursday, February 22nd were issued a $0.65 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.60 annualized dividend and a dividend yield of 1.07%. Littelfuse's payout ratio is 25.15%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Littelfuse from a "buy" rating to a "hold" rating in a research report on Saturday.

Insider Transactions at Littelfuse

In other Littelfuse news, SVP Maggie Chu sold 1,522 shares of the firm's stock in a transaction on Monday, March 4th. The stock was sold at an average price of $240.74, for a total transaction of $366,406.28. Following the transaction, the senior vice president now directly owns 3,086 shares in the company, valued at approximately $742,923.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Littelfuse news, SVP Matthew Cole sold 916 shares of the firm's stock in a transaction on Monday, February 12th. The stock was sold at an average price of $248.18, for a total transaction of $227,332.88. Following the transaction, the senior vice president now directly owns 5,530 shares in the company, valued at approximately $1,372,435.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Maggie Chu sold 1,522 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $240.74, for a total value of $366,406.28. Following the sale, the senior vice president now directly owns 3,086 shares in the company, valued at approximately $742,923.64. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,370 shares of company stock worth $1,064,413. 2.30% of the stock is currently owned by company insiders.

About Littelfuse

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.