Dorsey & Whitney Trust CO LLC Sells 203 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Dorsey & Whitney Trust CO LLC decreased its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 0.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,479 shares of the technology company’s stock after selling 203 shares during the quarter. Dorsey & Whitney Trust CO LLC owned about 0.15% of Littelfuse worth $8,841,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Lord Abbett & CO. LLC increased its holdings in shares of Littelfuse by 88.8% in the first quarter. Lord Abbett & CO. LLC now owns 166,195 shares of the technology company’s stock worth $40,278,000 after purchasing an additional 78,153 shares during the period. Entropy Technologies LP grew its position in Littelfuse by 407.9% in the first quarter. Entropy Technologies LP now owns 6,186 shares of the technology company’s stock worth $1,499,000 after acquiring an additional 4,968 shares in the last quarter. Motley Fool Asset Management LLC purchased a new position in Littelfuse in the first quarter worth $375,000. ProShare Advisors LLC grew its position in Littelfuse by 11.8% in the first quarter. ProShare Advisors LLC now owns 32,666 shares of the technology company’s stock worth $7,917,000 after acquiring an additional 3,451 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in Littelfuse in the first quarter worth $227,000. Institutional investors own 96.14% of the company’s stock.

Insider Buying and Selling

In other Littelfuse news, CEO David W. Heinzmann sold 300 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $273.17, for a total value of $81,951.00. Following the completion of the sale, the chief executive officer now directly owns 59,654 shares in the company, valued at $16,295,683.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP Deepak Nayar sold 1,305 shares of Littelfuse stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $250.25, for a total transaction of $326,576.25. Following the completion of the transaction, the senior vice president now directly owns 4,630 shares in the company, valued at $1,158,657.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David W. Heinzmann sold 300 shares of Littelfuse stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $273.17, for a total transaction of $81,951.00. Following the transaction, the chief executive officer now owns 59,654 shares of the company’s stock, valued at $16,295,683.18. The disclosure for this sale can be found here. Insiders have sold 9,938 shares of company stock valued at $2,545,503 over the last ninety days. 2.30% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. StockNews.com lowered shares of Littelfuse from a “buy” rating to a “hold” rating in a research report on Saturday, March 30th. Stifel Nicolaus upped their target price on shares of Littelfuse from $240.00 to $250.00 and gave the stock a “hold” rating in a research report on Monday. Baird R W upgraded shares of Littelfuse from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 17th. Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a research note on Thursday, May 2nd. Finally, Jefferies Financial Group initiated coverage on Littelfuse in a research note on Tuesday, April 9th. They set a “hold” rating and a $260.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $270.00.

Littelfuse Trading Down 2.8 %

Shares of NASDAQ:LFUS traded down $7.40 on Friday, reaching $259.53. 87,368 shares of the company traded hands, compared to its average volume of 140,132. The business’s 50-day simple moving average is $257.46 and its 200 day simple moving average is $245.80. Littelfuse, Inc. has a 52 week low of $212.80 and a 52 week high of $309.21. The stock has a market capitalization of $6.43 billion, a P/E ratio of 29.73, a price-to-earnings-growth ratio of 2.65 and a beta of 1.29. The company has a current ratio of 3.57, a quick ratio of 2.44 and a debt-to-equity ratio of 0.32.

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 company had revenue of $535.39 million for 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%. Littelfuse’s quarterly revenue was down 12.2% on a year-over-year basis. During the same period last year, the firm earned $3.64 earnings per share. As a group, equities analysts anticipate that Littelfuse, Inc. will post 8.45 EPS for the current fiscal year.

Littelfuse Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Thursday, May 23rd were paid a $0.65 dividend. The ex-dividend date was Wednesday, May 22nd. This represents a $2.60 annualized dividend and a dividend yield of 1.00%. 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.