Barrow Hanley Mewhinney & Strauss LLC Decreases Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Barrow Hanley Mewhinney & Strauss LLC cut its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 2.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 352,170 shares of the technology company’s stock after selling 7,657 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Littelfuse were worth $82,989,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of LFUS. Quest Partners LLC purchased a new stake in shares of Littelfuse in the third quarter valued at about $99,000. FMR LLC grew its holdings in Littelfuse by 0.6% during the 3rd quarter. FMR LLC now owns 24,473 shares of the technology company’s stock worth $6,491,000 after acquiring an additional 137 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Littelfuse by 14.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,848 shares of the technology company’s stock worth $755,000 after purchasing an additional 366 shares during the last quarter. Townsquare Capital LLC grew its stake in shares of Littelfuse by 28.6% during the third quarter. Townsquare Capital LLC now owns 3,553 shares of the technology company’s stock worth $942,000 after purchasing an additional 791 shares in the last quarter. Finally, Glenmede Trust Co. NA raised its stake in Littelfuse by 18.1% in the third quarter. Glenmede Trust Co. NA now owns 2,059 shares of the technology company’s stock valued at $546,000 after buying an additional 316 shares in the last quarter. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LFUS has been the topic of several research analyst reports. StockNews.com lowered Littelfuse from a “buy” rating to a “hold” rating in a research report on Thursday. Benchmark restated a “hold” rating on shares of Littelfuse in a research report on Wednesday, January 29th. Finally, Robert W. Baird reduced 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. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Littelfuse presently has an average rating of “Moderate Buy” and a consensus target price of $280.00.

Littelfuse Stock Down 4.3 %

Littelfuse stock opened at $200.97 on Friday. The stock has a market capitalization of $4.97 billion, a price-to-earnings ratio of 44.66, a PEG ratio of 2.24 and a beta of 1.27. The stock has a 50 day moving average of $228.63 and a two-hundred day moving average of $241.51. Littelfuse, Inc. has a twelve month low of $199.70 and a twelve month high of $275.58. The company has a current ratio of 3.61, a quick ratio of 2.62 and a debt-to-equity ratio of 0.32.

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 return on equity of 8.55% and a net margin of 5.16%. During the same period in the previous year, the business earned $2.02 earnings per share. As a group, research analysts expect that Littelfuse, Inc. will post 9.49 earnings per share for the current year.

Littelfuse Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th were issued 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 yield of 1.39%. Littelfuse’s dividend payout ratio (DPR) is presently 62.22%.

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.