Truist Financial Corp Sells 230 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Truist Financial Corp cut its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 5.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,082 shares of the technology company’s stock after selling 230 shares during the quarter. Truist Financial Corp’s holdings in Littelfuse were worth $962,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. State Street Corp grew its position in shares of Littelfuse by 3.4% in the 3rd quarter. State Street Corp now owns 747,082 shares of the technology company’s stock worth $198,164,000 after buying an additional 24,571 shares during the period. Victory Capital Management Inc. grew its position in shares of Littelfuse by 2.0% in the 3rd quarter. Victory Capital Management Inc. now owns 511,623 shares of the technology company’s stock worth $135,708,000 after buying an additional 10,119 shares during the period. Geode Capital Management LLC grew its position in shares of Littelfuse by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 431,956 shares of the technology company’s stock worth $114,607,000 after buying an additional 1,525 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Littelfuse by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 303,947 shares of the technology company’s stock worth $80,622,000 after buying an additional 8,195 shares during the period. Finally, Thrivent Financial for Lutherans grew its position in shares of Littelfuse by 1.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 278,158 shares of the technology company’s stock worth $73,781,000 after buying an additional 3,831 shares during the period. 96.14% of the stock is currently owned by institutional investors.

Insider Transactions at Littelfuse

In other news, CAO Jeffrey G. Gorski sold 700 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $249.02, for a total value of $174,314.00. Following the transaction, the chief accounting officer now owns 3,105 shares in the company, valued at $773,207.10. This represents a 18.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on LFUS. Robert W. Baird reduced 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. StockNews.com raised shares of Littelfuse from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Benchmark reissued a “hold” rating on shares of Littelfuse in a research report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $280.00.

Littelfuse Stock Performance

Shares of NASDAQ LFUS opened at $232.11 on Friday. The firm’s 50-day moving average price is $237.90 and its 200-day moving average price is $248.49. The company has a quick ratio of 2.62, a current ratio of 3.61 and a debt-to-equity ratio of 0.32. The company has a market cap of $5.76 billion, a PE ratio of 51.58, a PEG ratio of 2.24 and a beta of 1.26. Littelfuse, Inc. has a 52-week low of $222.73 and a 52-week high of $275.58.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings data 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 net margin of 5.16% and a return on equity of 8.55%. During the same period in the previous year, the firm posted $2.02 EPS. As a group, analysts anticipate that Littelfuse, Inc. will post 9.49 EPS for the current year.

Littelfuse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Thursday, February 20th. Littelfuse’s dividend payout ratio (DPR) is presently 62.22%.

Littelfuse 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.