Ceredex Value Advisors LLC Sells 29,901 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Ceredex Value Advisors LLC lowered its position in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 46.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,074 shares of the technology company's stock after selling 29,901 shares during the period. Ceredex Value Advisors LLC owned 0.14% of Littelfuse worth $9,384,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. VisionPoint Advisory Group LLC bought a new position in Littelfuse in the third quarter valued at about $27,000. Point72 Hong Kong Ltd bought a new position in shares of Littelfuse in the 1st quarter worth $33,000. DHJJ Financial Advisors Ltd. bought a new stake in Littelfuse in the third quarter valued at about $43,000. Belpointe Asset Management LLC lifted its stake in Littelfuse by 96.7% in the first quarter. Belpointe Asset Management LLC now owns 181 shares of the technology company's stock valued at $49,000 after buying an additional 89 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Littelfuse by 33.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 201 shares of the technology company's stock worth $44,000 after buying an additional 50 shares during the last quarter. 96.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Littelfuse news, SVP Matthew Cole sold 916 shares of Littelfuse stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $248.18, for a total value of $227,332.88. Following the sale, the senior vice president now owns 5,530 shares of the company's stock, valued at approximately $1,372,435.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, 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 transaction of $366,406.28. Following the completion of the transaction, the senior vice president now owns 3,086 shares in the company, valued at $742,923.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Matthew Cole sold 916 shares of Littelfuse stock in a transaction on Monday, February 12th. The shares were sold at an average price of $248.18, for a total transaction of $227,332.88. Following the completion of the sale, the senior vice president now owns 5,530 shares in the company, valued at $1,372,435.40. The disclosure for this sale can be found here. Insiders have sold a total of 4,370 shares of company stock worth $1,064,413 over the last ninety days. Company insiders own 2.30% of the company's stock.

Littelfuse Trading Down 0.4 %

Shares of LFUS traded down $1.05 during trading hours on Monday, reaching $235.47. The stock had a trading volume of 108,353 shares, compared to its average volume of 148,514. The company has a market cap of $5.87 billion, a P/E ratio of 22.77, a P/E/G ratio of 2.04 and a beta of 1.34. Littelfuse, Inc. has a 52 week low of $212.80 and a 52 week high of $309.94. The company has a quick ratio of 2.49, a current ratio of 3.75 and a debt-to-equity ratio of 0.35. The firm has a 50-day moving average of $238.62 and a 200 day moving average of $240.45.

Littelfuse (NASDAQ:LFUS - Get Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The technology company reported $2.02 earnings per share (EPS) 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 company had revenue of $533.80 million during the quarter, compared to the consensus estimate of $535.76 million. During the same period in the prior year, the company earned $3.34 earnings per share. The company's revenue for the quarter was down 12.9% compared to the same quarter last year. On average, sell-side analysts expect that Littelfuse, Inc. will post 9.66 earnings per share for the current fiscal year.

Littelfuse Dividend Announcement

The business 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. This represents a $2.60 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend was Wednesday, February 21st. Littelfuse's dividend payout ratio (DPR) is presently 25.15%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Littelfuse from a "buy" rating to a "hold" rating in a research report on Saturday, March 30th.

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.