Impax Asset Management Group plc Sells 15,724 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Impax Asset Management Group plc lowered its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 2.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 733,819 shares of the technology company's stock after selling 15,724 shares during the period. Impax Asset Management Group plc owned about 2.95% of Littelfuse worth $195,389,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hsbc Holdings PLC grew its holdings in shares of Littelfuse by 11.8% during the 3rd quarter. Hsbc Holdings PLC now owns 1,016 shares of the technology company's stock valued at $251,000 after purchasing an additional 107 shares during the last quarter. Alps Advisors Inc. boosted its position in Littelfuse by 116.2% during the 3rd quarter. Alps Advisors Inc. now owns 25,820 shares of the technology company's stock valued at $6,386,000 after buying an additional 13,880 shares during the period. Inspire Investing LLC boosted its position in Littelfuse by 11.1% during the 3rd quarter. Inspire Investing LLC now owns 3,814 shares of the technology company's stock valued at $943,000 after buying an additional 382 shares during the period. First National Bank of Omaha boosted its position in Littelfuse by 61.8% during the 3rd quarter. First National Bank of Omaha now owns 37,673 shares of the technology company's stock valued at $9,317,000 after buying an additional 14,394 shares during the period. Finally, Ayrshire Capital Management LLC boosted its position in Littelfuse by 2.2% during the 4th quarter. Ayrshire Capital Management LLC now owns 20,051 shares of the technology company's stock valued at $5,365,000 after buying an additional 426 shares during the period. Institutional investors own 96.14% of the company's stock.

Littelfuse Stock Up 2.4 %

NASDAQ:LFUS traded up $5.59 on Tuesday, reaching $241.07. 170,407 shares of the stock traded hands, compared to its average volume of 148,835. The company's fifty day simple moving average is $238.62 and its 200 day simple moving average is $240.45. Littelfuse, Inc. has a 12 month low of $212.80 and a 12 month high of $309.94. The company has a market capitalization of $6.01 billion, a price-to-earnings ratio of 22.77, a PEG ratio of 2.04 and a beta of 1.34. The company has a current ratio of 3.75, a quick ratio of 2.49 and a debt-to-equity ratio of 0.35.

Littelfuse (NASDAQ:LFUS - Get Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The technology company reported $2.02 EPS for the quarter, hitting analysts' consensus estimates of $2.02. Littelfuse had a net margin of 10.98% and a return on equity of 12.35%. The firm had revenue of $533.80 million during the quarter, compared to analyst estimates of $535.76 million. During the same period in the previous year, the business posted $3.34 earnings per share. The business's revenue for the quarter was down 12.9% on a year-over-year basis. Equities analysts predict that Littelfuse, Inc. will post 9.66 EPS for the current fiscal year.

Littelfuse Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Thursday, February 22nd were paid a $0.65 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.08%. Littelfuse's dividend payout ratio is presently 25.15%.

Insider Buying and Selling

In related news, SVP Matthew Cole sold 916 shares of the firm's stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $248.18, for a total value of $227,332.88. Following the transaction, the senior vice president now owns 5,530 shares of the company's stock, valued at $1,372,435.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Littelfuse news, EVP Ryan K. Stafford sold 1,932 shares of Littelfuse stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $243.62, for a total transaction of $470,673.84. Following the transaction, the executive vice president now owns 24,155 shares of the company's stock, valued at $5,884,641.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Matthew Cole sold 916 shares of Littelfuse stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 5,530 shares in the company, valued at approximately $1,372,435.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,370 shares of company stock valued at $1,064,413. 2.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on LFUS shares. StockNews.com cut shares of Littelfuse from a "buy" rating to a "hold" rating in a research report on Saturday, March 30th. Jefferies Financial Group assumed coverage on shares of Littelfuse in a research note on Tuesday. They set a "hold" rating and a $260.00 price objective for the company.

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.

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