Westwood Holdings Group Inc. Sells 8,632 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Westwood Holdings Group Inc. decreased its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 2.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 305,295 shares of the technology company’s stock after selling 8,632 shares during the quarter. Westwood Holdings Group Inc. owned 1.23% of Littelfuse worth $78,030,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in LFUS. Norges Bank bought a new position in Littelfuse in the fourth quarter worth approximately $150,004,000. Van Lanschot Kempen Investment Management N.V. bought a new position in Littelfuse during the second quarter valued at about $100,662,000. Lord Abbett & CO. LLC lifted its stake in Littelfuse by 88.8% in the first quarter. Lord Abbett & CO. LLC now owns 166,195 shares of the technology company’s stock valued at $40,278,000 after purchasing an additional 78,153 shares during the last quarter. TD Asset Management Inc increased its position in Littelfuse by 160.2% in the fourth 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 during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Littelfuse by 13.2% in the 2nd quarter. Victory Capital Management Inc. now owns 501,504 shares of the technology company’s stock worth $128,179,000 after acquiring an additional 58,529 shares during the last quarter. Institutional investors own 96.14% of the company’s stock.

Littelfuse Trading Down 1.5 %

Littelfuse stock opened at $260.50 on Friday. The stock’s 50 day simple moving average is $257.84 and its two-hundred day simple moving average is $250.17. The company has a current ratio of 3.50, a quick ratio of 2.42 and a debt-to-equity ratio of 0.32. Littelfuse, Inc. has a 12 month low of $212.80 and a 12 month high of $275.58. The firm has a market cap of $6.46 billion, a PE ratio of 29.84, a P/E/G ratio of 2.51 and a beta of 1.28.

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

Littelfuse Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Robert W. Baird raised their target price on shares of Littelfuse from $300.00 to $315.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. StockNews.com raised shares of Littelfuse from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. Stifel Nicolaus raised Littelfuse from a “hold” rating to a “buy” rating and boosted their target price for the company from $270.00 to $280.00 in a research note on Tuesday, August 13th. Finally, TD Cowen raised their price objective on shares of Littelfuse from $250.00 to $260.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Three equities research 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 stock has a consensus rating of “Moderate Buy” and an average target price of $278.75.

Insiders Place Their Bets

In other news, CEO David W. Heinzmann sold 2,091 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $274.65, for a total value of $574,293.15. Following the completion of the transaction, the chief executive officer now directly owns 59,654 shares of the company’s stock, valued at $16,383,971.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO David W. Heinzmann sold 2,091 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $274.65, for a total value of $574,293.15. Following the completion of the sale, the chief executive officer now owns 59,654 shares of the company’s stock, valued at $16,383,971.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David W. Heinzmann sold 300 shares of Littelfuse stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $273.17, for a total transaction of $81,951.00. Following the sale, the chief executive officer now owns 59,654 shares in the company, valued at approximately $16,295,683.18. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,328 shares of company stock worth $4,437,986. Company insiders own 2.30% of the company’s stock.

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.