Copeland Capital Management LLC Sells 1,985 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Copeland Capital Management LLC lowered its position in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 0.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 259,149 shares of the technology company's stock after selling 1,985 shares during the period. Copeland Capital Management LLC owned approximately 1.04% of Littelfuse worth $61,069,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in LFUS. Bank of Montreal Can increased its holdings in Littelfuse by 14.6% in the 2nd quarter. Bank of Montreal Can now owns 3,378 shares of the technology company's stock valued at $896,000 after purchasing an additional 430 shares during the last quarter. Squarepoint Ops LLC increased its stake in Littelfuse by 41.4% during the second quarter. Squarepoint Ops LLC now owns 2,252 shares of the technology company's stock worth $576,000 after purchasing an additional 659 shares during the period. AQR Capital Management LLC lifted its position in shares of Littelfuse by 86.6% during the second quarter. AQR Capital Management LLC now owns 19,617 shares of the technology company's stock worth $5,014,000 after purchasing an additional 9,104 shares in the last quarter. Algert Global LLC acquired a new position in shares of Littelfuse in the second quarter valued at approximately $642,000. Finally, Creative Planning lifted its holdings in Littelfuse by 30.3% during the 2nd quarter. Creative Planning now owns 2,702 shares of the technology company's stock worth $691,000 after buying an additional 628 shares in the last quarter. Hedge funds and other institutional investors own 96.14% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on LFUS. Benchmark reaffirmed a "hold" rating on shares of Littelfuse in a research report on Wednesday, January 29th. Robert W. Baird cut 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. StockNews.com lowered shares of Littelfuse from a "buy" rating to a "hold" rating in a research note on Tuesday. Finally, Oppenheimer upgraded Littelfuse from a "market perform" rating to an "outperform" rating and set a $310.00 target price on the stock in a research report on Thursday, October 17th. Four research 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 stock. According to data from MarketBeat.com, Littelfuse has an average rating of "Moderate Buy" and an average target price of $280.00.

Insider Buying and Selling

In other news, CAO Jeffrey G. Gorski sold 700 shares of the company's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $249.02, for a total transaction 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. This represents a 18.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.30% of the stock is currently owned by company insiders.

Littelfuse Price Performance

LFUS stock traded up $2.39 during trading on Wednesday, reaching $233.44. 61,982 shares of the company were exchanged, compared to its average volume of 155,794. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.62 and a current ratio of 3.61. The stock's 50 day moving average price is $238.89 and its 200 day moving average price is $249.61. Littelfuse, Inc. has a 52-week low of $222.73 and a 52-week high of $275.58. The company has a market cap of $5.79 billion, a P/E ratio of 51.84, a PEG ratio of 2.09 and a beta of 1.26.

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

Littelfuse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 20th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date is Thursday, February 20th. Littelfuse's payout ratio is currently 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.