Sandhill Capital Partners LLC Trims Stock Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Sandhill Capital Partners LLC decreased its position in Littelfuse, Inc. (NASDAQ:LFUS) by 5.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 149,105 shares of the technology company’s stock after selling 9,300 shares during the quarter. Littelfuse comprises about 2.8% of Sandhill Capital Partners LLC’s holdings, making the stock its 18th largest position. Sandhill Capital Partners LLC’s holdings in Littelfuse were worth $35,137,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several research analysts have recently weighed in on LFUS shares. Robert W. Baird cut their price objective on shares of Littelfuse from $300.00 to $290.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. StockNews.com cut shares of Littelfuse from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. Finally, Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a research report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Littelfuse currently has a consensus rating of “Moderate Buy” and a consensus target price of $280.00.

Littelfuse Stock Performance

Shares of LFUS stock opened at $160.04 on Tuesday. The company’s fifty day simple moving average is $221.74 and its 200-day simple moving average is $238.25. The company has a current ratio of 3.61, a quick ratio of 2.62 and a debt-to-equity ratio of 0.32. Littelfuse, Inc. has a 52 week low of $146.29 and a 52 week high of $275.58. The company has a market cap of $3.96 billion, a PE ratio of 35.56, a P/E/G ratio of 2.24 and a beta of 1.30.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings data on Tuesday, January 28th. The technology company reported $2.04 EPS for the quarter, hitting 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 quarter in the previous year, the firm earned $2.02 EPS. As a group, equities research analysts anticipate that Littelfuse, Inc. will post 9.49 EPS for the current year.

Littelfuse Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th were paid a dividend of $0.70 per share. The ex-dividend date was Thursday, February 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.75%. Littelfuse’s dividend payout ratio is currently 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.