Littelfuse, Inc. (NASDAQ:LFUS) Shares Sold by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. trimmed its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 4.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,241 shares of the technology company’s stock after selling 772 shares during the period. Bahl & Gaynor Inc. owned 0.06% of Littelfuse worth $3,592,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. State Street Corp boosted its stake in Littelfuse by 3.4% in the 3rd quarter. State Street Corp now owns 747,082 shares of the technology company’s stock worth $198,164,000 after buying an additional 24,571 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Littelfuse by 2.0% in the 3rd quarter. Victory Capital Management Inc. now owns 511,623 shares of the technology company’s stock worth $135,708,000 after buying an additional 10,119 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Littelfuse by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 431,956 shares of the technology company’s stock valued at $114,607,000 after purchasing an additional 1,525 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Littelfuse by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 312,535 shares of the technology company’s stock valued at $73,649,000 after purchasing an additional 8,588 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in shares of Littelfuse by 1.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 278,158 shares of the technology company’s stock valued at $73,781,000 after purchasing an additional 3,831 shares in the last quarter. 96.14% of the stock is owned by institutional investors and hedge funds.

Littelfuse Stock Performance

Shares of NASDAQ:LFUS opened at $215.62 on Wednesday. The company has a market cap of $5.35 billion, a P/E ratio of 47.92, a PEG ratio of 2.24 and a beta of 1.26. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.62 and a current ratio of 3.61. Littelfuse, Inc. has a one year low of $213.44 and a one year high of $275.58. The business’s 50-day simple moving average is $237.18 and its 200 day simple moving average is $247.88.

Littelfuse (NASDAQ:LFUS) last announced its earnings results on Tuesday, January 28th. The technology company reported $2.04 EPS for the quarter, meeting 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 prior year, the company posted $2.02 EPS. On average, sell-side analysts forecast that Littelfuse, Inc. will post 9.49 earnings per share for the current fiscal year.

Littelfuse Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 20th will be issued 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 dividend yield of 1.30%. Littelfuse’s payout ratio is currently 62.22%.

Insider Activity at Littelfuse

In other Littelfuse news, CAO Jeffrey G. Gorski sold 700 shares of Littelfuse stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $249.02, for a total transaction 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on LFUS shares. Robert W. Baird reduced their price objective on Littelfuse from $300.00 to $290.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. StockNews.com raised Littelfuse from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th. Finally, Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a research note on Wednesday, January 29th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $280.00.

Littelfuse Company 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.