Strs Ohio Sells 7,670 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Strs Ohio trimmed its stake in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 23.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,662 shares of the technology company's stock after selling 7,670 shares during the period. Strs Ohio owned 0.10% of Littelfuse worth $6,598,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Townsquare Capital LLC increased its stake in shares of Littelfuse by 1.7% in the 4th quarter. Townsquare Capital LLC now owns 2,394 shares of the technology company's stock worth $527,000 after purchasing an additional 40 shares in the last quarter. Raymond James Trust N.A. lifted its holdings in shares of Littelfuse by 4.1% in the 4th quarter. Raymond James Trust N.A. now owns 1,156 shares of the technology company's stock valued at $309,000 after acquiring an additional 45 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC raised its position in Littelfuse by 0.8% in the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 5,528 shares of the technology company's stock worth $1,367,000 after purchasing an additional 46 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in Littelfuse by 33.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 201 shares of the technology company's stock worth $44,000 after purchasing an additional 50 shares during the period. Finally, Utah Retirement Systems raised its position in Littelfuse by 1.2% in the 4th quarter. Utah Retirement Systems now owns 4,318 shares of the technology company's stock worth $951,000 after purchasing an additional 50 shares during the period. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

Littelfuse Price Performance

Shares of LFUS stock traded up $0.17 on Thursday, reaching $226.12. 80,113 shares of the company were exchanged, compared to its average volume of 146,512. The company has a market cap of $5.63 billion, a price-to-earnings ratio of 21.95, a P/E/G ratio of 2.03 and a beta of 1.34. The business has a 50-day moving average price of $237.50 and a 200 day moving average price of $239.84. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.49 and a current ratio of 3.75. Littelfuse, Inc. has a 1 year low of $212.80 and a 1 year high of $309.94.

Littelfuse (NASDAQ:LFUS - Get Free Report) last posted its quarterly earnings results on Tuesday, January 30th. The technology company reported $2.02 earnings per share for the quarter, hitting analysts' consensus estimates of $2.02. The firm had revenue of $533.80 million for the quarter, compared to analyst estimates of $535.76 million. Littelfuse had a net margin of 10.98% and a return on equity of 12.35%. Littelfuse's quarterly revenue was down 12.9% on a year-over-year basis. During the same period in the previous year, the business posted $3.34 earnings per share. Equities research analysts forecast that Littelfuse, Inc. will post 9.44 earnings per share for the current fiscal year.

Littelfuse Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Thursday, February 22nd were paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 1.15%. The ex-dividend date was Wednesday, February 21st. Littelfuse's payout ratio is currently 25.15%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on LFUS shares. Jefferies Financial Group assumed coverage on shares of Littelfuse in a report on Tuesday, April 9th. They set a "hold" rating and a $260.00 price objective on the stock. StockNews.com downgraded shares of Littelfuse from a "buy" rating to a "hold" rating in a research report on Saturday, March 30th.

Insider Buying and Selling at Littelfuse

In related news, SVP Matthew Cole sold 916 shares of the stock in a transaction 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 directly owns 5,530 shares of the company's stock, valued at approximately $1,372,435.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, SVP Maggie Chu sold 1,522 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $240.74, for a total value of $366,406.28. Following the completion of the transaction, the senior vice president now owns 3,086 shares in the company, valued at approximately $742,923.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Matthew Cole sold 916 shares of the stock in a transaction dated 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 transaction, the senior vice president now owns 5,530 shares of the company's stock, valued at approximately $1,372,435.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,370 shares of company stock valued at $1,064,413. Insiders own 2.30% of the company's stock.

Littelfuse 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.