Principal Financial Group Inc. Reduces Position in Littelfuse, Inc. (NASDAQ:LFUS)

Principal Financial Group Inc. reduced its position in shares of Littelfuse, Inc. (NASDAQ:LFUSFree Report) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 260,137 shares of the technology company’s stock after selling 8,361 shares during the period. Principal Financial Group Inc.’s holdings in Littelfuse were worth $61,299,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Creative Planning lifted its holdings in Littelfuse by 32.0% during the 3rd quarter. Creative Planning now owns 3,567 shares of the technology company’s stock worth $946,000 after buying an additional 865 shares during the last quarter. Raymond James & Associates raised its position in shares of Littelfuse by 2.5% during the 3rd quarter. Raymond James & Associates now owns 52,126 shares of the technology company’s stock worth $13,826,000 after acquiring an additional 1,252 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Littelfuse by 20.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 102,861 shares of the technology company’s stock worth $27,284,000 after purchasing an additional 17,408 shares during the last quarter. Signaturefd LLC boosted its holdings in Littelfuse by 17.5% in the third quarter. Signaturefd LLC now owns 551 shares of the technology company’s stock valued at $146,000 after purchasing an additional 82 shares in the last quarter. Finally, Eastern Bank purchased a new position in Littelfuse in the third quarter valued at approximately $530,000. Institutional investors and hedge funds own 96.14% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. Benchmark reiterated a “hold” rating on shares of Littelfuse in a research note on Wednesday, January 29th. Finally, Robert W. Baird reduced their target price on shares of Littelfuse from $300.00 to $290.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $280.00.

Get Our Latest Report on LFUS

Insider Transactions at Littelfuse

In related news, CAO Jeffrey G. Gorski sold 700 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $249.02, for a total value of $174,314.00. Following the sale, the chief accounting officer now directly owns 3,105 shares in the company, valued at $773,207.10. The trade was a 18.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.30% of the company’s stock.

Littelfuse Trading Up 1.2 %

Shares of Littelfuse stock opened at $254.60 on Thursday. The firm has a market cap of $6.32 billion, a price-to-earnings ratio of 56.58, a price-to-earnings-growth ratio of 2.17 and a beta of 1.26. Littelfuse, Inc. has a 52-week low of $222.73 and a 52-week high of $275.58. The company’s 50-day simple moving average is $237.67 and its 200-day simple moving average is $248.35. The company has a quick ratio of 2.62, a current ratio of 3.61 and a debt-to-equity ratio of 0.32.

Littelfuse (NASDAQ:LFUSGet Free Report) last released its earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 business posted $2.02 EPS. As a group, equities research analysts anticipate that Littelfuse, Inc. will post 9.49 earnings per share for the current year.

Littelfuse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Thursday, February 20th. Littelfuse’s dividend payout ratio (DPR) is currently 62.22%.

Littelfuse Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Littelfuse (NASDAQ:LFUS)

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