PNC Financial Services Group Inc. Purchases 3,612 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

PNC Financial Services Group Inc. boosted its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 24.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 18,116 shares of the technology company's stock after purchasing an additional 3,612 shares during the period. PNC Financial Services Group Inc. owned approximately 0.07% of Littelfuse worth $4,847,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of LFUS. California Public Employees Retirement System lifted its stake in shares of Littelfuse by 1.2% in the third quarter. California Public Employees Retirement System now owns 56,993 shares of the technology company's stock valued at $14,096,000 after purchasing an additional 676 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Littelfuse by 7.1% in the third quarter. Assenagon Asset Management S.A. now owns 7,332 shares of the technology company's stock valued at $1,813,000 after purchasing an additional 487 shares during the period. Arizona State Retirement System lifted its stake in shares of Littelfuse by 1.5% in the third quarter. Arizona State Retirement System now owns 7,070 shares of the technology company's stock valued at $1,749,000 after purchasing an additional 105 shares during the period. Great Lakes Advisors LLC acquired a new stake in shares of Littelfuse in the third quarter valued at about $581,000. Finally, New York Life Investment Management LLC raised its position in Littelfuse by 113.4% during the third quarter. New York Life Investment Management LLC now owns 2,606 shares of the technology company's stock worth $645,000 after acquiring an additional 1,385 shares during the last quarter. 96.14% of the stock is owned by hedge funds and other institutional investors.

Littelfuse Stock Up 0.8 %

LFUS traded up $1.97 during trading hours on Friday, reaching $260.05. 59,157 shares of the stock traded hands, compared to its average volume of 172,221. The firm's fifty day simple moving average is $240.91 and its two-hundred day simple moving average is $242.69. The company has a market cap of $6.44 billion, a price-to-earnings ratio of 29.79, a PEG ratio of 2.50 and a beta of 1.32. Littelfuse, Inc. has a fifty-two week low of $212.80 and a fifty-two week high of $309.94. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.57 and a quick ratio of 2.44.

Littelfuse (NASDAQ:LFUS - Get Free Report) last released its quarterly earnings results on Tuesday, April 30th. The technology company reported $1.76 earnings per share for the quarter, beating analysts' consensus estimates of $1.75 by $0.01. Littelfuse had a net margin of 9.58% and a return on equity of 10.21%. The business had revenue of $535.39 million during the quarter, compared to analyst estimates of $519.08 million. During the same period last year, the business earned $3.64 EPS. The business's revenue was down 12.2% on a year-over-year basis. As a group, analysts forecast that Littelfuse, Inc. will post 8.59 earnings per share for the current fiscal year.

Littelfuse Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 23rd will be paid a dividend of $0.65 per share. The ex-dividend date is Wednesday, May 22nd. This represents a $2.60 dividend on an annualized basis and a yield of 1.00%. Littelfuse's dividend payout ratio (DPR) is 29.78%.

Insider Buying and Selling at Littelfuse

In other Littelfuse news, SVP Deepak Nayar sold 1,305 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $250.25, for a total transaction of $326,576.25. Following the transaction, the senior vice president now directly owns 4,630 shares in the company, valued at approximately $1,158,657.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Deepak Nayar sold 1,305 shares of the firm's stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $250.25, for a total value of $326,576.25. Following the transaction, the senior vice president now directly owns 4,630 shares in the company, valued at approximately $1,158,657.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Meenal Sethna sold 6,114 shares of the firm's stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $256.49, for a total transaction of $1,568,179.86. Following the completion of the transaction, the chief financial officer now owns 22,432 shares in the company, valued at $5,753,583.68. The disclosure for this sale can be found here. Insiders have sold 11,160 shares of company stock worth $2,829,959 in the last ninety days. 2.30% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on LFUS. Baird R W upgraded shares of Littelfuse from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 17th. Benchmark reissued a "hold" rating on shares of Littelfuse in a research report on Thursday, May 2nd. StockNews.com lowered shares of Littelfuse from a "buy" rating to a "hold" rating in a research report on Saturday, March 30th. Robert W. Baird upgraded shares of Littelfuse from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $270.00 to $300.00 in a report on Friday, May 17th. Finally, Jefferies Financial Group started coverage on shares of Littelfuse in a research report on Tuesday, April 9th. They set a "hold" rating and a $260.00 price target for the company. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $280.00.

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.