Corient Private Wealth LLC Decreases Stock Position in Littelfuse, Inc. (NASDAQ:LFUS)

Corient Private Wealth LLC cut its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 14.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,681 shares of the technology company's stock after selling 1,316 shares during the quarter. Corient Private Wealth LLC's holdings in Littelfuse were worth $1,810,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Truvestments Capital LLC purchased a new position in Littelfuse during the 3rd quarter valued at about $27,000. Quent Capital LLC increased its holdings in Littelfuse by 525.0% in the fourth quarter. Quent Capital LLC now owns 125 shares of the technology company's stock valued at $29,000 after buying an additional 105 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in Littelfuse by 181.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 163 shares of the technology company's stock valued at $38,000 after acquiring an additional 105 shares during the period. Bank of Jackson Hole Trust acquired a new stake in shares of Littelfuse in the fourth quarter valued at approximately $40,000. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Littelfuse by 548.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 188 shares of the technology company's stock worth $44,000 after acquiring an additional 159 shares during the period. 96.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LFUS has been the subject of several recent analyst reports. StockNews.com cut shares of Littelfuse from a "buy" rating to a "hold" rating in a report on Thursday. Benchmark restated a "hold" rating on shares of Littelfuse in a research report on Wednesday, January 29th. Finally, Robert W. Baird lowered their price objective on Littelfuse from $300.00 to $290.00 and set an "outperform" rating on the stock in a research note on Thursday, January 30th. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $280.00.

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Littelfuse Stock Down 4.3 %

Littelfuse stock traded down $9.06 during midday trading on Friday, reaching $200.97. The stock had a trading volume of 123,749 shares, compared to its average volume of 130,191. The company has a market capitalization of $4.97 billion, a P/E ratio of 44.66, a PEG ratio of 2.24 and a beta of 1.27. Littelfuse, Inc. has a 12 month low of $199.81 and a 12 month high of $275.58. The company has a fifty day moving average price of $229.28 and a two-hundred day moving average price of $241.86. 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 - Get Free Report) last announced its earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.04. Littelfuse had a net margin of 5.16% and a return on equity of 8.55%. During the same quarter last year, the firm earned $2.02 earnings per share. As a group, equities analysts expect that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.

Littelfuse Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Thursday, February 20th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend was Thursday, February 20th. 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.