Illinois Municipal Retirement Fund Acquires 3,798 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Illinois Municipal Retirement Fund raised its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 98.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,655 shares of the technology company's stock after buying an additional 3,798 shares during the quarter. Illinois Municipal Retirement Fund's holdings in Littelfuse were worth $1,804,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. State Street Corp raised its stake in Littelfuse by 3.4% during the 3rd quarter. State Street Corp now owns 747,082 shares of the technology company's stock worth $198,164,000 after buying an additional 24,571 shares during the period. Victory Capital Management Inc. increased its stake in shares of Littelfuse by 2.0% during the 3rd quarter. Victory Capital Management Inc. now owns 511,623 shares of the technology company's stock worth $135,708,000 after purchasing an additional 10,119 shares during the last quarter. Geode Capital Management LLC raised its holdings 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 purchasing an additional 1,525 shares during the period. Charles Schwab Investment Management Inc. lifted 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 purchasing an additional 8,195 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted 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 valued at $73,781,000 after purchasing an additional 3,831 shares during the last quarter. 96.14% of the stock is owned by institutional investors.

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Insider Buying and Selling at Littelfuse

In other Littelfuse news, CAO Jeffrey G. Gorski sold 700 shares of the firm's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $249.02, for a total value of $174,314.00. Following the transaction, the chief accounting officer now directly owns 3,105 shares of the company's stock, valued at $773,207.10. This trade represents a 18.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.30% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on LFUS shares. Benchmark restated a "hold" rating on shares of Littelfuse in a research note on Wednesday, January 29th. StockNews.com upgraded Littelfuse from a "hold" rating to a "buy" rating in a research note on Wednesday, February 26th. Finally, Robert W. Baird cut their price target on Littelfuse from $300.00 to $290.00 and set an "outperform" rating for the company in a report on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $280.00.

Littelfuse Stock Performance

Shares of NASDAQ LFUS traded down $3.67 during trading hours on Tuesday, reaching $219.41. 84,613 shares of the stock were exchanged, compared to its average volume of 162,017. The firm has a market capitalization of $5.44 billion, a price-to-earnings ratio of 48.76, a P/E/G ratio of 2.24 and a beta of 1.26. The stock's fifty day simple moving average is $237.63 and its 200 day simple moving average is $248.17. 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, Inc. has a 52 week low of $213.44 and a 52 week high of $275.58.

Littelfuse (NASDAQ:LFUS - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The technology company reported $2.04 earnings per share 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 quarter in the previous year, the business posted $2.02 EPS. Sell-side analysts predict that Littelfuse, Inc. will post 9.49 EPS for the current year.

Littelfuse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th will be given a $0.70 dividend. The ex-dividend date is Thursday, February 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.28%. Littelfuse's payout ratio is 62.22%.

Littelfuse 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.