Wellington Management Group LLP Cuts Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Wellington Management Group LLP reduced its position in Littelfuse, Inc. (NASDAQ:LFUS) by 19.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,013 shares of the technology company’s stock after selling 13,767 shares during the period. Wellington Management Group LLP owned 0.22% of Littelfuse worth $14,987,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LFUS. Norges Bank purchased a new stake in shares of Littelfuse during the 4th quarter worth approximately $150,004,000. Federated Hermes Inc. lifted its position in Littelfuse by 160.0% during the fourth quarter. Federated Hermes Inc. now owns 158,506 shares of the technology company’s stock valued at $42,410,000 after purchasing an additional 97,535 shares during the last quarter. TD Asset Management Inc grew its stake in shares of Littelfuse by 160.2% in the 4th quarter. TD Asset Management Inc now owns 113,447 shares of the technology company’s stock worth $30,354,000 after buying an additional 69,842 shares in the last quarter. Epoch Investment Partners Inc. increased its holdings in shares of Littelfuse by 34.8% in the 4th quarter. Epoch Investment Partners Inc. now owns 210,256 shares of the technology company’s stock worth $56,256,000 after buying an additional 54,306 shares during the last quarter. Finally, First Trust Advisors LP raised its position in shares of Littelfuse by 49.5% during the 4th quarter. First Trust Advisors LP now owns 159,025 shares of the technology company’s stock valued at $42,549,000 after buying an additional 52,634 shares in the last quarter. 96.14% of the stock is owned by institutional investors.

Insider Transactions at Littelfuse

In related news, CFO Meenal Sethna sold 6,114 shares of Littelfuse stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $256.49, for a total value of $1,568,179.86. Following the completion of the sale, the chief financial officer now directly owns 22,432 shares in the company, valued at $5,753,583.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Meenal Sethna sold 6,114 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $256.49, for a total value of $1,568,179.86. Following the completion of the transaction, the chief financial officer now owns 22,432 shares of the company’s stock, valued at $5,753,583.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ryan K. Stafford sold 2,219 shares of the stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $256.33, for a total value of $568,796.27. Following the sale, the executive vice president now directly owns 24,437 shares in the company, valued at approximately $6,263,936.21. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,638 shares of company stock valued at $2,463,552. 2.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

LFUS has been the topic of several analyst reports. Robert W. Baird raised Littelfuse from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $270.00 to $300.00 in a research note on Friday, May 17th. Benchmark restated a “hold” rating on shares of Littelfuse in a research report on Thursday, May 2nd. StockNews.com downgraded shares of Littelfuse from a “buy” rating to a “hold” rating in a research note on Saturday, March 30th. Jefferies Financial Group started coverage on shares of Littelfuse in a research note on Tuesday, April 9th. They set a “hold” rating and a $260.00 price target for the company. Finally, Baird R W raised shares of Littelfuse from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 17th. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $280.00.

Littelfuse Stock Down 1.1 %

NASDAQ:LFUS opened at $255.73 on Thursday. The company has a market cap of $6.34 billion, a price-to-earnings ratio of 29.29, a price-to-earnings-growth ratio of 2.51 and a beta of 1.29. Littelfuse, Inc. has a twelve month low of $212.80 and a twelve month high of $309.94. The company has a current ratio of 3.57, a quick ratio of 2.44 and a debt-to-equity ratio of 0.32. The stock has a fifty day simple moving average of $251.12 and a 200-day simple moving average of $246.20.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.01. The company had revenue of $535.39 million during the quarter, compared to analysts’ expectations of $519.08 million. Littelfuse had a net margin of 9.58% and a return on equity of 10.21%. The firm’s quarterly revenue was down 12.2% on a year-over-year basis. During the same period in the previous year, the company earned $3.64 EPS. Analysts anticipate that Littelfuse, Inc. will post 8.59 EPS for the current year.

Littelfuse Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 6th. Shareholders of record on Thursday, May 23rd were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend was Wednesday, May 22nd. Littelfuse’s dividend payout ratio is 29.78%.

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.