Littelfuse, Inc. (NASDAQ:LFUS) Shares Bought by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. increased its position in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 23.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,338 shares of the technology company's stock after purchasing an additional 2,553 shares during the quarter. Johnson Investment Counsel Inc. owned approximately 0.05% of Littelfuse worth $3,143,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of LFUS. Assetmark Inc. grew its stake in Littelfuse by 6.5% in the third quarter. Assetmark Inc. now owns 719 shares of the technology company's stock worth $191,000 after purchasing an additional 44 shares in the last quarter. Legacy Capital Wealth Partners LLC bought a new position in Littelfuse in the third quarter worth approximately $201,000. Crossmark Global Holdings Inc. grew its stake in Littelfuse by 25.9% in the third quarter. Crossmark Global Holdings Inc. now owns 1,917 shares of the technology company's stock worth $508,000 after purchasing an additional 394 shares in the last quarter. Victory Capital Management Inc. grew its stake in Littelfuse by 2.0% in the third 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 in the last quarter. Finally, MQS Management LLC bought a new position in Littelfuse in the third quarter worth approximately $261,000. Institutional investors own 96.14% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on LFUS shares. Benchmark reaffirmed a "hold" rating on shares of Littelfuse in a research report on Wednesday, January 29th. StockNews.com cut Littelfuse from a "buy" rating to a "hold" rating in a research report on Tuesday. Finally, Robert W. Baird dropped their target price on Littelfuse from $300.00 to $290.00 and set an "outperform" rating on the stock in a research report on Thursday, January 30th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $280.00.

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Littelfuse Stock Performance

LFUS traded down $3.36 on Wednesday, reaching $205.99. 147,241 shares of the stock were exchanged, compared to its average volume of 167,000. The company's 50-day moving average price is $235.05 and its 200 day moving average price is $246.03. Littelfuse, Inc. has a fifty-two week low of $205.42 and a fifty-two week high of $275.58. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.61 and a quick ratio of 2.62. The firm has a market capitalization of $5.11 billion, a PE ratio of 45.71, a PEG ratio of 2.24 and a beta of 1.27.

Littelfuse (NASDAQ:LFUS - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The technology company reported $2.04 EPS 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 in the previous year, the company posted $2.02 earnings per share. As a group, sell-side analysts forecast that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.

Littelfuse Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th were given a dividend of $0.70 per share. The ex-dividend date was Thursday, February 20th. This represents a $2.80 dividend on an annualized basis and a yield of 1.36%. Littelfuse's dividend payout ratio is currently 62.22%.

Insider Activity

In other news, CAO Jeffrey G. Gorski sold 700 shares of the business's stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $249.02, for a total value of $174,314.00. Following the completion of the transaction, the chief accounting officer now owns 3,105 shares of the company's stock, valued at $773,207.10. The trade was a 18.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.30% of the company's stock.

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.