Russell Investments Group Ltd. Sells 2,804 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Russell Investments Group Ltd. lowered its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 7.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 37,002 shares of the technology company’s stock after selling 2,804 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.15% of Littelfuse worth $9,900,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Freedom Day Solutions LLC bought a new position in shares of Littelfuse during the 4th quarter valued at approximately $1,568,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in Littelfuse by 41.8% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 45,313 shares of the technology company’s stock valued at $12,124,000 after purchasing an additional 13,366 shares during the period. Hsbc Holdings PLC increased its position in Littelfuse by 11.8% in the third quarter. Hsbc Holdings PLC now owns 1,016 shares of the technology company’s stock worth $251,000 after buying an additional 107 shares during the last quarter. Federated Hermes Inc. lifted its position in shares of Littelfuse by 160.0% during the 4th quarter. Federated Hermes Inc. now owns 158,506 shares of the technology company’s stock valued at $42,410,000 after buying an additional 97,535 shares during the last quarter. Finally, First National Bank of Omaha grew its stake in shares of Littelfuse by 61.8% during the 3rd quarter. First National Bank of Omaha now owns 37,673 shares of the technology company’s stock worth $9,317,000 after acquiring an additional 14,394 shares during the period. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on LFUS shares. StockNews.com downgraded shares of Littelfuse from a “buy” rating to a “hold” rating in a report on Saturday, March 30th. Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a report on Thursday. Finally, Jefferies Financial Group initiated coverage on shares of Littelfuse in a report on Tuesday, April 9th. They set a “hold” rating and a $260.00 target price on the stock.

Insider Activity

In related news, SVP Maggie Chu sold 1,522 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $240.74, for a total value 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, EVP Ryan K. Stafford sold 1,932 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $243.62, for a total value of $470,673.84. Following the transaction, the executive vice president now owns 24,155 shares of the company’s stock, valued at $5,884,641.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Maggie Chu sold 1,522 shares of Littelfuse stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $240.74, for a total value of $366,406.28. Following the sale, the senior vice president now directly owns 3,086 shares of the company’s stock, valued at approximately $742,923.64. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,370 shares of company stock worth $1,064,413. 2.30% of the stock is currently owned by insiders.

Littelfuse Trading Up 3.6 %

Shares of LFUS opened at $247.40 on Monday. The business’s 50-day moving average price is $234.88 and its 200-day moving average price is $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. Littelfuse, Inc. has a twelve month low of $212.80 and a twelve month high of $309.94. The stock has a market cap of $6.13 billion, a PE ratio of 28.34, a P/E/G ratio of 2.18 and a beta of 1.32.

Littelfuse (NASDAQ:LFUS) last posted its earnings results on Tuesday, April 30th. The technology company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.01. The business had revenue of $535.39 million for the quarter, compared to analysts’ expectations of $519.08 million. Littelfuse had a net margin of 9.58% and a return on equity of 10.21%. The business’s revenue for the quarter was down 12.2% compared to the same quarter last year. During the same period in the prior year, the company posted $3.64 EPS. On average, equities analysts forecast that Littelfuse, Inc. will post 8.59 EPS for the current fiscal year.

Littelfuse Dividend Announcement

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

Littelfuse 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.