Earnest Partners LLC decreased its position in Littelfuse, Inc. (NASDAQ:LFUS) by 3.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 580,155 shares of the technology company’s stock after selling 20,618 shares during the period. Littelfuse makes up 1.0% of Earnest Partners LLC’s investment portfolio, making the stock its 29th largest position. Earnest Partners LLC’s holdings in Littelfuse were worth $92,773,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the company. First Midwest Bank Trust Division boosted its stake in shares of Littelfuse by 3.3% in the first quarter. First Midwest Bank Trust Division now owns 2,274 shares of the technology company’s stock worth $364,000 after buying an additional 73 shares during the period. Nationwide Fund Advisors boosted its stake in shares of Littelfuse by 1.0% in the first quarter. Nationwide Fund Advisors now owns 103,886 shares of the technology company’s stock worth $16,612,000 after buying an additional 1,076 shares during the period. Congress Asset Management Co. MA bought a new stake in shares of Littelfuse during the fourth quarter worth $566,000. First National Bank of Omaha boosted its stake in shares of Littelfuse by 15.9% in the first quarter. First National Bank of Omaha now owns 27,970 shares of the technology company’s stock worth $4,473,000 after buying an additional 3,847 shares during the period. Finally, Allianz Asset Management AG boosted its stake in shares of Littelfuse by 72.9% in the fourth quarter. Allianz Asset Management AG now owns 7,514 shares of the technology company’s stock worth $1,140,000 after buying an additional 3,168 shares during the period. Hedge funds and other institutional investors own 95.24% of the company’s stock.
Shares of Littelfuse, Inc. (LFUS) traded down 0.23% on Friday, reaching $162.65. The company had a trading volume of 205,289 shares. The company has a market capitalization of $3.69 billion, a P/E ratio of 29.89 and a beta of 0.90. Littelfuse, Inc. has a 52 week low of $112.13 and a 52 week high of $173.13. The company has a 50 day moving average of $163.24 and a 200-day moving average of $157.94.
Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings results on Wednesday, May 3rd. The technology company reported $1.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.05. The company had revenue of $285.44 million during the quarter, compared to the consensus estimate of $284.95 million. Littelfuse had a return on equity of 18.47% and a net margin of 11.06%. Littelfuse’s revenue for the quarter was up 30.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.38 EPS. Analysts predict that Littelfuse, Inc. will post $7.18 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 8th. Shareholders of record on Thursday, May 25th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date was Tuesday, May 23rd. Littelfuse’s dividend payout ratio (DPR) is 24.31%.
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Separately, Zacks Investment Research cut Littelfuse from a “hold” rating to a “sell” rating in a research note on Tuesday, April 11th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $162.25.
In other Littelfuse news, SVP Deepak Nayar sold 9,545 shares of Littelfuse stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $164.58, for a total transaction of $1,570,916.10. Following the completion of the sale, the senior vice president now directly owns 5,141 shares of the company’s stock, valued at approximately $846,105.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Matthew Cole sold 150 shares of Littelfuse stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $169.23, for a total value of $25,384.50. Following the sale, the senior vice president now directly owns 3,985 shares of the company’s stock, valued at $674,381.55. The disclosure for this sale can be found here. Insiders have sold a total of 18,781 shares of company stock valued at $3,079,622 over the last ninety days. 1.80% of the stock is owned by company insiders.
Littelfuse, Inc is a supplier of circuit protection products for the electronics, automotive and industrial markets. The Company operates through three segments. The Electronics segment provides circuit protection components for overcurrent and overvoltage protection, as well as sensor components and modules to manufacturers of a range of electronic products.
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