Savant Capital LLC Reduces Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Savant Capital LLC reduced its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 5.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,367 shares of the technology company’s stock after selling 208 shares during the quarter. Savant Capital LLC’s holdings in Littelfuse were worth $793,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in LFUS. Creative Planning increased its holdings in Littelfuse by 32.0% during the 3rd quarter. Creative Planning now owns 3,567 shares of the technology company’s stock valued at $946,000 after acquiring an additional 865 shares in the last quarter. Raymond James & Associates boosted its stake in shares of Littelfuse by 2.5% during the 3rd quarter. Raymond James & Associates now owns 52,126 shares of the technology company’s stock worth $13,826,000 after purchasing an additional 1,252 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Littelfuse by 20.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 102,861 shares of the technology company’s stock worth $27,284,000 after purchasing an additional 17,408 shares during the last quarter. Copeland Capital Management LLC boosted its stake in shares of Littelfuse by 0.8% during the 3rd quarter. Copeland Capital Management LLC now owns 261,134 shares of the technology company’s stock worth $69,266,000 after purchasing an additional 1,996 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in shares of Littelfuse by 17.5% during the 3rd quarter. Signaturefd LLC now owns 551 shares of the technology company’s stock worth $146,000 after purchasing an additional 82 shares during the last quarter. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Littelfuse news, CAO Jeffrey G. Gorski sold 700 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $249.02, for a total transaction of $174,314.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.30% of the stock is owned by insiders.

Littelfuse Price Performance

Littelfuse stock opened at $246.87 on Friday. Littelfuse, Inc. has a 1 year low of $222.73 and a 1 year high of $275.58. The firm has a 50 day moving average price of $237.74 and a 200 day moving average price of $248.49. The company has a market cap of $6.13 billion, a price-to-earnings ratio of 54.86, a PEG ratio of 2.05 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 (NASDAQ:LFUS) last released its quarterly earnings data on Tuesday, January 28th. The technology company reported $2.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.04. Littelfuse had a net margin of 5.16% and a return on equity of 8.55%. During the same quarter in the prior year, the company earned $2.02 earnings per share. Sell-side analysts predict that Littelfuse, Inc. will post 9.49 earnings per share for the current year.

Littelfuse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th will be paid a dividend of $0.70 per share. The ex-dividend date is Thursday, February 20th. This represents a $2.80 annualized dividend and a yield of 1.13%. Littelfuse’s dividend payout ratio is currently 62.22%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on LFUS. Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a research note on Wednesday, January 29th. StockNews.com raised shares of Littelfuse from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Robert W. Baird decreased their target price on shares of Littelfuse from $300.00 to $290.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. Three equities research 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 stock 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.