Littelfuse, Inc. (NASDAQ:LFUS) Stock Position Reduced by Impax Asset Management Group plc

Impax Asset Management Group plc trimmed its position in Littelfuse, Inc. (NASDAQ:LFUS) by 5.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 664,371 shares of the technology company’s stock after selling 38,576 shares during the period. Impax Asset Management Group plc’s holdings in Littelfuse were worth $155,566,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Verition Fund Management LLC acquired a new position in Littelfuse in the third quarter valued at approximately $14,480,000. Jennison Associates LLC lifted its holdings in shares of Littelfuse by 38.4% in the 3rd quarter. Jennison Associates LLC now owns 181,141 shares of the technology company’s stock worth $48,048,000 after purchasing an additional 50,304 shares during the last quarter. Harvey Partners LLC boosted its position in Littelfuse by 39.5% during the 3rd quarter. Harvey Partners LLC now owns 132,500 shares of the technology company’s stock valued at $35,146,000 after purchasing an additional 37,500 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Littelfuse by 26.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 129,836 shares of the technology company’s stock worth $30,473,000 after buying an additional 26,975 shares during the last quarter. Finally, State Street Corp increased its position in Littelfuse by 3.4% in the third quarter. State Street Corp now owns 747,082 shares of the technology company’s stock worth $198,164,000 after buying an additional 24,571 shares during the period. 96.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LFUS. Robert W. Baird reduced their price target on shares of Littelfuse from $300.00 to $290.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. Benchmark reissued a “hold” rating on shares of Littelfuse in a research note on Wednesday, January 29th. Finally, StockNews.com upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $280.00.

Littelfuse Price Performance

Shares of NASDAQ LFUS opened at $251.77 on Monday. The stock has a market cap of $6.25 billion, a P/E ratio of 55.95, a P/E/G ratio of 2.24 and a beta of 1.26. The firm’s 50-day simple moving average is $237.91 and its 200 day simple moving average is $248.67. Littelfuse, Inc. has a fifty-two week low of $222.73 and a fifty-two week high of $275.58. The company has a quick ratio of 2.62, a current ratio of 3.61 and a debt-to-equity ratio of 0.32.

Littelfuse (NASDAQ:LFUS) last released its earnings results on Tuesday, January 28th. The technology company reported $2.04 EPS for the quarter, meeting the consensus estimate of $2.04. Littelfuse had a net margin of 5.16% and a return on equity of 8.55%. During the same quarter in the previous year, the business posted $2.02 EPS. Equities analysts expect that Littelfuse, Inc. will post 9.49 EPS for the current year.

Littelfuse Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Thursday, February 20th. Littelfuse’s dividend payout ratio (DPR) is presently 62.22%.

Insider Activity

In related news, CAO Jeffrey G. Gorski sold 700 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $249.02, for a total transaction of $174,314.00. Following the completion of the sale, the chief accounting officer now directly owns 3,105 shares of the company’s stock, valued at $773,207.10. This represents a 18.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.30% of the company’s stock.

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.