Bessemer Group Inc. Sells 424 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Bessemer Group Inc. decreased its position in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 22.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,466 shares of the technology company’s stock after selling 424 shares during the quarter. Bessemer Group Inc.’s holdings in Littelfuse were worth $346,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of LFUS. Quent Capital LLC increased its stake in Littelfuse by 525.0% during the 4th quarter. Quent Capital LLC now owns 125 shares of the technology company’s stock valued at $29,000 after purchasing an additional 105 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Littelfuse by 181.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 163 shares of the technology company’s stock valued at $38,000 after buying an additional 105 shares during the last quarter. Bank of Jackson Hole Trust bought a new stake in shares of Littelfuse during the fourth quarter worth about $40,000. Smartleaf Asset Management LLC increased its position in shares of Littelfuse by 548.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 188 shares of the technology company’s stock worth $44,000 after acquiring an additional 159 shares in the last quarter. Finally, Global X Japan Co. Ltd. lifted its position in Littelfuse by 221.0% in the 4th quarter. Global X Japan Co. Ltd. now owns 260 shares of the technology company’s stock valued at $61,000 after acquiring an additional 179 shares in the last quarter. 96.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Robert W. Baird reissued a “neutral” rating and issued a $182.00 price objective (down from $225.00) on shares of Littelfuse in a research note on Tuesday. StockNews.com downgraded shares of Littelfuse from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. Finally, Benchmark restated a “hold” rating on shares of Littelfuse in a report on Thursday, April 10th. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Littelfuse currently has an average rating of “Moderate Buy” and a consensus target price of $258.00.

Littelfuse Stock Performance

NASDAQ:LFUS opened at $155.34 on Wednesday. The company has a market capitalization of $3.84 billion, a P/E ratio of 34.52, a P/E/G ratio of 2.24 and a beta of 1.30. The business has a fifty day simple moving average of $209.44 and a two-hundred day simple moving average of $232.77. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.61 and a quick ratio of 2.62. Littelfuse, Inc. has a 1 year low of $142.10 and a 1 year high of $275.58.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings data on Tuesday, January 28th. The technology company reported $2.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.04. Littelfuse had a return on equity of 8.55% and a net margin of 5.16%. During the same period in the previous year, the company posted $2.02 EPS. On average, analysts expect that Littelfuse, Inc. will post 9.49 earnings per share for the current year.

Littelfuse Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Thursday, February 20th were paid a $0.70 dividend. The ex-dividend date was Thursday, February 20th. This represents a $2.80 dividend on an annualized basis and a yield of 1.80%. Littelfuse’s dividend payout ratio is 62.22%.

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.