Van ECK Associates Corp Purchases 3,902 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Van ECK Associates Corp increased its position in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 27.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,271 shares of the technology company's stock after acquiring an additional 3,902 shares during the quarter. Van ECK Associates Corp owned about 0.07% of Littelfuse worth $4,889,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Retirement Systems of Alabama boosted its stake in Littelfuse by 0.3% during the 4th quarter. Retirement Systems of Alabama now owns 31,176 shares of the technology company's stock worth $8,341,000 after acquiring an additional 95 shares during the last quarter. Bahl & Gaynor Inc. lifted its stake in Littelfuse by 17.4% in the fourth quarter. Bahl & Gaynor Inc. now owns 12,777 shares of the technology company's stock valued at $3,419,000 after buying an additional 1,891 shares in the last quarter. Sandhill Capital Partners LLC lifted its stake in Littelfuse by 0.3% in the fourth quarter. Sandhill Capital Partners LLC now owns 189,089 shares of the technology company's stock valued at $50,593,000 after buying an additional 626 shares in the last quarter. Atria Wealth Solutions Inc. bought a new position in Littelfuse in the fourth quarter valued at approximately $208,000. Finally, Wedge Capital Management L L P NC lifted its stake in Littelfuse by 8.8% in the fourth quarter. Wedge Capital Management L L P NC now owns 47,106 shares of the technology company's stock valued at $12,604,000 after buying an additional 3,820 shares in the last quarter. Institutional investors own 96.14% of the company's stock.

Insider Buying and Selling

In related news, SVP Maggie Chu sold 1,522 shares of the business's 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 transaction, the senior vice president now directly owns 3,086 shares in the company, valued at $742,923.64. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, SVP Matthew Cole sold 916 shares of the business's 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 transaction, the senior vice president now directly owns 5,530 shares in the company, valued at $1,372,435.40. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Maggie Chu sold 1,522 shares of the business'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 owns 3,086 shares in the company, valued at $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. Insiders own 2.30% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on LFUS shares. StockNews.com lowered shares of Littelfuse from a "buy" rating to a "hold" rating in a research note on Saturday, March 30th. Jefferies Financial Group started coverage on shares of Littelfuse in a research note on Tuesday, April 9th. They issued a "hold" rating and a $260.00 price target on the stock. Finally, Benchmark reaffirmed a "hold" rating on shares of Littelfuse in a research note on Thursday.

Littelfuse Stock Up 3.6 %

Shares of LFUS stock traded up $8.57 during trading on Friday, reaching $247.40. The company's stock had a trading volume of 219,599 shares, compared to its average volume of 139,770. The business has a fifty day moving average price of $234.88 and a 200-day moving average price of $239.42. The company has a quick ratio of 2.49, a current ratio of 3.57 and a debt-to-equity ratio of 0.32. The company has a market cap of $6.13 billion, a price-to-earnings ratio of 28.34, a price-to-earnings-growth ratio of 2.18 and a beta of 1.32. Littelfuse, Inc. has a one year low of $212.80 and a one year high of $309.94.

Littelfuse (NASDAQ:LFUS - Get Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.76 EPS for the quarter, topping analysts' consensus estimates of $1.75 by $0.01. The business had revenue of $535.39 million for the quarter, compared to analyst estimates of $519.08 million. Littelfuse had a net margin of 9.58% and a return on equity of 10.21%. The firm's revenue for the quarter was down 12.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.64 earnings per share. Analysts anticipate that Littelfuse, Inc. will post 8.59 earnings per share for the current year.

Littelfuse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 23rd will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Wednesday, May 22nd. Littelfuse's dividend payout ratio is presently 29.78%.

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.