Littelfuse, Inc. (NASDAQ:LFUS) Shares Bought by Venturi Wealth Management LLC

Venturi Wealth Management LLC increased its position in Littelfuse, Inc. (NASDAQ:LFUS) by 2,746.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 427 shares of the technology company’s stock after acquiring an additional 412 shares during the quarter. Venturi Wealth Management LLC’s holdings in Littelfuse were worth $101,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of LFUS. State Street Corp boosted its position in Littelfuse by 3.4% during the third quarter. State Street Corp now owns 747,082 shares of the technology company’s stock worth $198,164,000 after purchasing an additional 24,571 shares in the last quarter. Victory Capital Management Inc. boosted 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 in the last quarter. Geode Capital Management LLC boosted 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 in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Littelfuse by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 303,947 shares of the technology company’s stock valued at $80,622,000 after acquiring an additional 8,195 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in Littelfuse by 1.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 278,158 shares of the technology company’s stock valued at $73,781,000 after acquiring an additional 3,831 shares in the last quarter. Institutional investors and hedge funds own 96.14% of the company’s stock.

Insider Buying and Selling at Littelfuse

In related news, CAO Jeffrey G. Gorski sold 700 shares of the firm’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 value of $174,314.00. Following the sale, the chief accounting officer now directly owns 3,105 shares of the company’s stock, valued at approximately $773,207.10. This trade represents a 18.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.30% of the stock is owned by company insiders.

Littelfuse Stock Performance

Shares of LFUS opened at $251.77 on Monday. Littelfuse, Inc. has a 1 year low of $222.73 and a 1 year high of $275.58. The company’s 50 day simple moving average is $237.91 and its 200 day simple moving average is $248.67. The company has a market capitalization of $6.25 billion, a price-to-earnings ratio of 55.95, a PEG ratio of 2.24 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 issued its quarterly earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share 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 last year, the firm posted $2.02 EPS. On average, sell-side analysts predict that Littelfuse, Inc. will post 9.49 EPS for the current year.

Littelfuse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.11%. The ex-dividend date is Thursday, February 20th. Littelfuse’s dividend payout ratio (DPR) is 62.22%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on LFUS. Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a report on Wednesday, January 29th. StockNews.com raised Littelfuse from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. Finally, Robert W. Baird dropped their price target on Littelfuse from $300.00 to $290.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Littelfuse has an average rating of “Moderate Buy” and an average price target of $280.00.

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.