Securian Asset Management Inc. Sells 101 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Securian Asset Management Inc. cut its position in Littelfuse, Inc. (NASDAQ:LFUS) by 5.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,876 shares of the technology company’s stock after selling 101 shares during the quarter. Securian Asset Management Inc.’s holdings in Littelfuse were worth $442,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LFUS. Jane Street Group LLC lifted its holdings in shares of Littelfuse by 126.9% during the third quarter. Jane Street Group LLC now owns 11,418 shares of the technology company’s stock worth $3,029,000 after buying an additional 6,386 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Littelfuse by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 312,535 shares of the technology company’s stock worth $73,649,000 after acquiring an additional 8,588 shares during the period. Thrivent Financial for Lutherans raised its stake in 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 purchasing an additional 3,831 shares in the last quarter. Atria Wealth Solutions Inc. boosted its holdings in Littelfuse by 5.5% in the 4th quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company’s stock valued at $225,000 after purchasing an additional 50 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Littelfuse by 7.4% during the 4th quarter. Bank of New York Mellon Corp now owns 260,102 shares of the technology company’s stock worth $61,293,000 after purchasing an additional 18,013 shares in the last quarter. 96.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on LFUS shares. Robert W. Baird dropped their price target on shares of Littelfuse from $300.00 to $290.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. StockNews.com cut Littelfuse from a “buy” rating to a “hold” rating in a report on Tuesday, March 11th. Finally, Benchmark reiterated a “hold” rating on shares of Littelfuse in a research report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Littelfuse currently has a consensus rating of “Moderate Buy” and an average target price of $280.00.

Littelfuse Stock Up 2.1 %

NASDAQ LFUS opened at $214.91 on Tuesday. The business has a fifty day moving average price of $232.76 and a two-hundred day moving average price of $244.34. The stock has a market capitalization of $5.33 billion, a PE ratio of 47.76, a PEG ratio of 2.24 and a beta of 1.27. Littelfuse, Inc. has a fifty-two week low of $201.97 and a fifty-two week high of $275.58. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.61 and a quick ratio of 2.62.

Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings results on Tuesday, January 28th. The technology company reported $2.04 EPS for the quarter, hitting analysts’ consensus estimates of $2.04. Littelfuse had a return on equity of 8.55% and a net margin of 5.16%. During the same quarter in the previous year, the company posted $2.02 earnings per share. Equities analysts expect that Littelfuse, Inc. will post 9.49 earnings per share for the current fiscal year.

Littelfuse Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th were paid a $0.70 dividend. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.30%. Littelfuse’s payout ratio is currently 62.22%.

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.