Teachers Retirement System of The State of Kentucky Decreases Stake in Littelfuse, Inc. (NASDAQ:LFUS)

Teachers Retirement System of The State of Kentucky cut its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 1.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,373 shares of the technology company’s stock after selling 220 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Littelfuse were worth $3,282,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Coldstream Capital Management Inc. boosted its holdings in Littelfuse by 3.4% in the 3rd quarter. Coldstream Capital Management Inc. now owns 10,406 shares of the technology company’s stock worth $2,760,000 after buying an additional 346 shares during the period. Geode Capital Management LLC lifted its position in shares of Littelfuse by 0.4% during the third quarter. Geode Capital Management LLC now owns 431,956 shares of the technology company’s stock worth $114,607,000 after acquiring an additional 1,525 shares in the last quarter. Barclays PLC boosted its holdings in shares of Littelfuse by 52.7% in the third quarter. Barclays PLC now owns 11,448 shares of the technology company’s stock worth $3,037,000 after acquiring an additional 3,949 shares during the period. Public Employees Retirement System of Ohio grew its position in shares of Littelfuse by 2.8% in the third quarter. Public Employees Retirement System of Ohio now owns 9,849 shares of the technology company’s stock valued at $2,612,000 after purchasing an additional 266 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in shares of Littelfuse by 126.9% during the 3rd quarter. Jane Street Group LLC now owns 11,418 shares of the technology company’s stock valued at $3,029,000 after purchasing an additional 6,386 shares during the period. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on LFUS. Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a report on Wednesday, October 30th. StockNews.com raised shares of Littelfuse from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Oppenheimer upgraded shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 target price on the stock in a research note on Thursday, October 17th. Finally, Robert W. Baird boosted their price target on shares of Littelfuse from $300.00 to $315.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $285.00.

Littelfuse Trading Down 1.0 %

Shares of Littelfuse stock opened at $246.30 on Friday. The company has a 50 day simple moving average of $251.16 and a two-hundred day simple moving average of $255.26. The firm has a market cap of $6.11 billion, a PE ratio of 31.66, a PEG ratio of 2.48 and a beta of 1.26. Littelfuse, Inc. has a 1 year low of $222.91 and a 1 year high of $275.58. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.55 and a quick ratio of 2.52.

Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.09 by $0.62. The company had revenue of $567.39 million during the quarter, compared to the consensus estimate of $557.38 million. Littelfuse had a net margin of 8.88% and a return on equity of 8.49%. The firm’s revenue was down 6.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.97 EPS. Analysts expect that Littelfuse, Inc. will post 8.47 earnings per share for the current fiscal year.

Littelfuse Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were given a dividend of $0.70 per share. The ex-dividend date was Thursday, November 21st. This represents a $2.80 annualized dividend and a dividend yield of 1.14%. Littelfuse’s dividend payout ratio (DPR) is presently 35.99%.

About Littelfuse

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.