Public Employees Retirement Association of Colorado Has $24.77 Million Position in Littelfuse, Inc. (NASDAQ:LFUS)

Public Employees Retirement Association of Colorado lessened its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 0.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 96,930 shares of the technology company’s stock after selling 159 shares during the period. Public Employees Retirement Association of Colorado owned approximately 0.39% of Littelfuse worth $24,774,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Principal Securities Inc. bought a new position in shares of Littelfuse during the fourth quarter valued at $50,000. BNP Paribas Financial Markets lifted its holdings in Littelfuse by 27.7% during the 4th quarter. BNP Paribas Financial Markets now owns 3,940 shares of the technology company’s stock valued at $1,054,000 after purchasing an additional 854 shares during the last quarter. Jump Financial LLC acquired a new position in Littelfuse in the fourth quarter valued at about $270,000. Janney Montgomery Scott LLC grew its stake in Littelfuse by 4.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 1,716 shares of the technology company’s stock worth $459,000 after buying an additional 68 shares during the last quarter. Finally, Panagora Asset Management Inc. acquired a new stake in shares of Littelfuse during the fourth quarter worth approximately $207,000. Institutional investors own 96.14% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on LFUS shares. Stifel Nicolaus raised Littelfuse from a “hold” rating to a “buy” rating and boosted their target price for the stock from $270.00 to $280.00 in a report on Tuesday, August 13th. StockNews.com raised Littelfuse from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. TD Cowen raised their target price on Littelfuse from $250.00 to $260.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Finally, Robert W. Baird upped their price target on shares of Littelfuse from $300.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $278.75.

Insider Activity at Littelfuse

In other Littelfuse news, CEO David W. Heinzmann sold 3,786 shares of Littelfuse stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $273.92, for a total transaction of $1,037,061.12. Following the completion of the sale, the chief executive officer now owns 59,654 shares of the company’s stock, valued at approximately $16,340,423.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Littelfuse news, CEO David W. Heinzmann sold 8,715 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $274.40, for a total value of $2,391,396.00. Following the completion of the sale, the chief executive officer now owns 59,654 shares of the company’s stock, valued at $16,369,057.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David W. Heinzmann sold 3,786 shares of Littelfuse stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $273.92, for a total transaction of $1,037,061.12. Following the transaction, the chief executive officer now directly owns 59,654 shares in the company, valued at $16,340,423.68. The disclosure for this sale can be found here. Insiders have sold 16,328 shares of company stock worth $4,437,986 over the last ninety days. Company insiders own 2.30% of the company’s stock.

Littelfuse Stock Down 1.5 %

Shares of LFUS opened at $260.50 on Friday. The business’s fifty day moving average price is $257.84 and its two-hundred day moving average price is $250.17. The firm has a market capitalization of $6.46 billion, a price-to-earnings ratio of 29.84, a PEG ratio of 2.51 and a beta of 1.28. Littelfuse, Inc. has a 52 week low of $212.80 and a 52 week high of $275.58. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.42 and a current ratio of 3.50.

Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings results on Tuesday, July 30th. The technology company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.22. The business had revenue of $558.49 million for the quarter, compared to analysts’ expectations of $540.35 million. Littelfuse had a return on equity of 8.91% and a net margin of 8.71%. The firm’s quarterly revenue was down 8.7% compared to the same quarter last year. During the same quarter last year, the business earned $3.12 earnings per share. On average, analysts predict that Littelfuse, Inc. will post 8.18 earnings per share for the current year.

Littelfuse Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 22nd were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.07%. This is an increase from Littelfuse’s previous quarterly dividend of $0.65. The ex-dividend date was Thursday, August 22nd. Littelfuse’s payout ratio is 32.07%.

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.