Schroder Investment Management Group Sells 16,501 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Schroder Investment Management Group trimmed its position in Littelfuse, Inc. (NASDAQ:LFUS) by 7.2% during the 4th quarter, HoldingsChannel reports. The firm owned 213,157 shares of the technology company’s stock after selling 16,501 shares during the quarter. Schroder Investment Management Group’s holdings in Littelfuse were worth $49,949,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in LFUS. Jane Street Group LLC increased its stake in Littelfuse by 126.9% in the 3rd quarter. Jane Street Group LLC now owns 11,418 shares of the technology company’s stock worth $3,029,000 after acquiring an additional 6,386 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Littelfuse by 2.8% in the fourth 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. Atria Wealth Solutions Inc. grew its stake in shares of Littelfuse by 5.5% in the 4th quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company’s stock worth $225,000 after buying an additional 50 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Littelfuse during the 4th quarter valued at about $5,892,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Littelfuse by 7.4% in the 4th quarter. Bank of New York Mellon Corp now owns 260,102 shares of the technology company’s stock valued at $61,293,000 after acquiring an additional 18,013 shares during the last quarter. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

Littelfuse Trading Down 2.1 %

Shares of NASDAQ LFUS opened at $196.74 on Tuesday. The business’s 50 day moving average price is $227.91 and its 200-day moving average price is $241.13. Littelfuse, Inc. has a fifty-two week low of $193.55 and a fifty-two week high of $275.58. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.62 and a current ratio of 3.61. The company has a market cap of $4.86 billion, a price-to-earnings ratio of 43.72, a PEG ratio of 2.24 and a beta of 1.27.

Littelfuse (NASDAQ:LFUS) last released its earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share 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 prior year, the business earned $2.02 earnings per share. On average, sell-side analysts expect that Littelfuse, Inc. will post 9.49 earnings per share for the current year.

Littelfuse Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th were paid a $0.70 dividend. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $2.80 dividend on an annualized basis and a yield of 1.42%. Littelfuse’s dividend payout ratio is currently 62.22%.

Wall Street Analyst Weigh In

LFUS has been the topic of several analyst reports. 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. Benchmark restated a “hold” rating on shares of Littelfuse in a report on Wednesday, January 29th. Finally, StockNews.com lowered shares of Littelfuse from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Littelfuse has an average rating of “Moderate Buy” and a consensus price target 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.