Westwood Holdings Group Inc. Has $25.94 Million Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Westwood Holdings Group Inc. boosted its position in Littelfuse, Inc. (NASDAQ:LFUSFree Report) by 5.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 96,942 shares of the technology company’s stock after buying an additional 4,987 shares during the period. Westwood Holdings Group Inc. owned approximately 0.39% of Littelfuse worth $25,938,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of LFUS. Norges Bank bought a new position in shares of Littelfuse during the 4th quarter worth about $150,004,000. Federated Hermes Inc. raised its position in shares of Littelfuse by 160.0% during the fourth quarter. Federated Hermes Inc. now owns 158,506 shares of the technology company’s stock worth $42,410,000 after purchasing an additional 97,535 shares during the period. TD Asset Management Inc raised its position in shares of Littelfuse by 160.2% during the fourth quarter. TD Asset Management Inc now owns 113,447 shares of the technology company’s stock worth $30,354,000 after purchasing an additional 69,842 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Littelfuse by 62.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 144,473 shares of the technology company’s stock worth $35,731,000 after purchasing an additional 55,712 shares in the last quarter. Finally, Epoch Investment Partners Inc. raised its holdings in Littelfuse by 34.8% during the fourth quarter. Epoch Investment Partners Inc. now owns 210,256 shares of the technology company’s stock worth $56,256,000 after buying an additional 54,306 shares during the last quarter. Institutional investors own 96.14% of the company’s stock.

Littelfuse Stock Performance

Shares of LFUS traded down $1.02 during mid-day trading on Friday, hitting $248.58. The stock had a trading volume of 102,066 shares, compared to its average volume of 113,514. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.57 and a quick ratio of 2.44. The firm has a market cap of $6.16 billion, a P/E ratio of 28.47, a PEG ratio of 2.42 and a beta of 1.29. Littelfuse, Inc. has a 52 week low of $212.80 and a 52 week high of $309.94. The business has a fifty day moving average price of $244.82 and a 200-day moving average price of $244.16.

Littelfuse (NASDAQ:LFUSGet Free Report) last issued its earnings results on Tuesday, April 30th. The technology company reported $1.76 earnings per share for the quarter, topping 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 firm had revenue of $535.39 million during the quarter, compared to analyst estimates of $519.08 million. During the same quarter last year, the business earned $3.64 earnings per share. The company’s quarterly revenue was down 12.2% on a year-over-year basis. On average, equities research analysts expect that Littelfuse, Inc. will post 8.59 EPS for the current year.

Littelfuse Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Thursday, May 23rd were issued a dividend of $0.65 per share. The ex-dividend date was Wednesday, May 22nd. This represents a $2.60 dividend on an annualized basis and a yield of 1.05%. Littelfuse’s dividend payout ratio (DPR) is 29.78%.

Insiders Place Their Bets

In related news, SVP Deepak Nayar sold 1,305 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 4,630 shares of the company’s stock, valued at $1,158,657.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Littelfuse news, SVP Deepak Nayar sold 1,305 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $250.25, for a total value of $326,576.25. Following the sale, the senior vice president now owns 4,630 shares of the company’s stock, valued at approximately $1,158,657.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Ryan K. Stafford sold 2,219 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $256.33, for a total value of $568,796.27. Following the transaction, the executive vice president now directly owns 24,437 shares of the company’s stock, valued at approximately $6,263,936.21. The disclosure for this sale can be found here. Insiders sold a total of 9,638 shares of company stock worth $2,463,552 in the last quarter. 2.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on LFUS shares. Robert W. Baird upgraded Littelfuse from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $270.00 to $300.00 in a research note on Friday, May 17th. Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a report on Thursday, May 2nd. 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 on the stock. StockNews.com cut shares of Littelfuse from a “buy” rating to a “hold” rating in a research report on Saturday, March 30th. Finally, Baird R W upgraded Littelfuse from a “hold” rating to a “strong-buy” rating in a report on Friday, May 17th. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $280.00.

Read Our Latest Stock Analysis on LFUS

Littelfuse Profile

(Free Report)

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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Institutional Ownership by Quarter for Littelfuse (NASDAQ:LFUS)

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