Barrow Hanley Mewhinney & Strauss LLC cut its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 2.1% during the fourth quarter, according to the company in its most recent filing with the Securities & 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 owned 1.42% of Littelfuse worth $82,989,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in shares of Littelfuse by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 2,807,162 shares of the technology company's stock worth $661,508,000 after buying an additional 40,423 shares during the period. State Street Corp raised its holdings 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. Norges Bank purchased a new stake in shares of Littelfuse during the 4th quarter worth approximately $131,579,000. Victory Capital Management Inc. boosted its holdings in shares of Littelfuse by 0.4% in the 4th quarter. Victory Capital Management Inc. now owns 513,679 shares of the technology company's stock valued at $121,048,000 after buying an additional 2,056 shares in the last quarter. Finally, 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 valued at $114,607,000 after buying an additional 1,525 shares during the last quarter. Hedge funds and other institutional investors own 96.14% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on the stock. Benchmark reissued a "hold" rating on shares of Littelfuse in a research report on Wednesday, January 29th. Robert W. Baird decreased their target price on Littelfuse from $300.00 to $290.00 and set an "outperform" rating for the company in a research report on Thursday, January 30th. Finally, StockNews.com downgraded Littelfuse from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. 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 company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $280.00.
Check Out Our Latest Stock Report on Littelfuse
Littelfuse Stock Performance
LFUS stock traded down $26.23 during trading on Thursday, hitting $170.40. The company had a trading volume of 178,201 shares, compared to its average volume of 170,483. Littelfuse, Inc. has a 1-year low of $167.86 and a 1-year high of $275.58. 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 firm has a 50-day moving average price of $226.25 and a 200-day moving average price of $240.42. The firm has a market cap of $4.21 billion, a PE ratio of 37.87, a price-to-earnings-growth ratio of 2.24 and a beta of 1.27.
Littelfuse (NASDAQ:LFUS - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The technology company reported $2.04 earnings per share for the quarter, meeting 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 period last year, the firm posted $2.02 EPS. On average, analysts expect that Littelfuse, Inc. will post 9.49 earnings per share for the current 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 issued a $0.70 dividend. The ex-dividend date was Thursday, February 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.64%. Littelfuse's dividend payout ratio is presently 62.22%.
About Littelfuse
(
Free Report)
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.
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