Littelfuse, Inc. (NASDAQ:LFUS) Shares Sold by Hamilton Point Investment Advisors LLC

Hamilton Point Investment Advisors LLC trimmed its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 1.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 30,598 shares of the technology company’s stock after selling 470 shares during the quarter. Littelfuse comprises approximately 1.3% of Hamilton Point Investment Advisors LLC’s holdings, making the stock its 26th largest holding. Hamilton Point Investment Advisors LLC’s holdings in Littelfuse were worth $7,210,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in LFUS. 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 buying an additional 6,386 shares during the last quarter. Chesapeake Capital Corp IL acquired a new stake in Littelfuse during the third quarter worth about $570,000. Thrivent Financial for Lutherans raised its position in Littelfuse by 1.4% during the third quarter. Thrivent Financial for Lutherans now owns 278,158 shares of the technology company’s stock valued at $73,781,000 after acquiring an additional 3,831 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in Littelfuse by 3.9% in the third quarter. New York State Common Retirement Fund now owns 141,157 shares of the technology company’s stock valued at $37,442,000 after acquiring an additional 5,344 shares during the period. Finally, Eastern Bank purchased a new stake in Littelfuse in the 3rd quarter worth approximately $530,000. 96.14% of the stock is owned by hedge funds and other institutional investors.

Littelfuse Trading Up 3.4 %

LFUS stock opened at $243.16 on Friday. The business’s 50-day moving average is $239.64 and its 200 day moving average is $250.60. Littelfuse, Inc. has a 12-month low of $222.73 and a 12-month high of $275.58. The stock has a market cap of $6.04 billion, a price-to-earnings ratio of 54.04, a PEG ratio of 1.92 and a beta of 1.26. The company has a current ratio of 3.55, a quick ratio of 2.52 and a debt-to-equity ratio of 0.31.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings results on Tuesday, January 28th. The technology company reported $2.04 EPS for the quarter, hitting the consensus estimate of $2.04. Littelfuse had a return on equity of 8.48% and a net margin of 5.16%. During the same quarter in the previous year, the business earned $2.02 earnings per share. On average, sell-side analysts anticipate that Littelfuse, Inc. will post 10.19 EPS for the current fiscal year.

Littelfuse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 20th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $2.80 annualized dividend and a yield of 1.15%. Littelfuse’s dividend payout ratio is presently 62.22%.

Insider Buying and Selling at Littelfuse

In other Littelfuse news, CAO Jeffrey G. Gorski sold 700 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $249.02, for a total value of $174,314.00. Following the completion of the sale, the chief accounting officer now directly owns 3,105 shares in the company, valued at $773,207.10. This represents a 18.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

LFUS has been the subject of several analyst reports. StockNews.com upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Benchmark restated a “hold” rating on shares of Littelfuse in a research report on Wednesday. Robert W. Baird reduced their price target on Littelfuse from $300.00 to $290.00 and set an “outperform” rating for the company in a report on Thursday. Finally, Oppenheimer raised Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price objective on the stock in a report on Thursday, October 17th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $280.00.

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.