D.B. Root & Company LLC Sells 186 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

D.B. Root & Company LLC trimmed its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 5.0% in the 1st quarter, Holdings Channel reports. The fund owned 3,546 shares of the technology company’s stock after selling 186 shares during the quarter. D.B. Root & Company LLC’s holdings in Littelfuse were worth $859,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its position in Littelfuse by 50.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,600 shares of the technology company’s stock worth $872,000 after purchasing an additional 1,211 shares during the last quarter. Rise Advisors LLC bought a new position in Littelfuse during the first quarter valued at about $30,000. Mather Group LLC. bought a new stake in shares of Littelfuse in the 1st quarter worth approximately $116,000. HighPoint Advisor Group LLC bought a new stake in shares of Littelfuse in the 4th quarter worth approximately $348,000. Finally, Quadrature Capital Ltd bought a new stake in shares of Littelfuse during the fourth quarter valued at approximately $4,511,000. Institutional investors and hedge funds own 96.14% of the company’s stock.

Analyst Upgrades and Downgrades

LFUS has been the subject of a number of recent research reports. Robert W. Baird upgraded shares of Littelfuse from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $270.00 to $300.00 in a research note on Friday, May 17th. StockNews.com lowered shares of Littelfuse from a “buy” rating to a “hold” rating in a research report on Saturday, March 30th. Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a report on Thursday, May 2nd. Baird R W raised Littelfuse from a “hold” rating to a “strong-buy” rating in a report on Friday, May 17th. Finally, Jefferies Financial Group initiated coverage on Littelfuse in a research note on Tuesday, April 9th. They issued a “hold” rating and a $260.00 price target on the stock. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Littelfuse has a consensus rating of “Moderate Buy” and a consensus target price of $280.00.

Insiders Place Their Bets

In other news, SVP Deepak Nayar sold 1,305 shares of Littelfuse stock in a transaction on Monday, May 6th. The stock was sold at an average price of $250.25, for a total value of $326,576.25. Following the completion of the sale, the senior vice president now directly 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 Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Meenal Sethna sold 6,114 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $256.49, for a total value of $1,568,179.86. Following the transaction, the chief financial officer now directly owns 22,432 shares in the company, valued at approximately $5,753,583.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction, the senior vice president now owns 4,630 shares in the company, valued at approximately $1,158,657.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,638 shares of company stock valued at $2,463,552. Insiders own 2.30% of the company’s stock.

Littelfuse Price Performance

Littelfuse stock traded up $0.02 during trading hours on Friday, hitting $255.59. 124,235 shares of the stock were exchanged, compared to its average volume of 127,522. Littelfuse, Inc. has a 12 month low of $212.80 and a 12 month high of $309.94. The business’s 50-day moving average is $252.28 and its two-hundred day moving average is $246.32. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.44 and a current ratio of 3.57. The stock has a market capitalization of $6.33 billion, a P/E ratio of 29.28, a P/E/G ratio of 2.48 and a beta of 1.29.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings results on Tuesday, April 30th. The technology company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.01. The firm had revenue of $535.39 million during the quarter, compared to analysts’ expectations of $519.08 million. Littelfuse had a return on equity of 10.21% and a net margin of 9.58%. The business’s revenue was down 12.2% on a year-over-year basis. During the same period last year, the firm posted $3.64 EPS. Equities research analysts expect that Littelfuse, Inc. will post 8.59 EPS for the current fiscal year.

Littelfuse Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Shareholders of record on Thursday, May 23rd were given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 1.02%. The ex-dividend date was Wednesday, May 22nd. Littelfuse’s payout ratio is presently 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.