Impax Asset Management Group plc Decreases Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Impax Asset Management Group plc trimmed its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 5.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 664,371 shares of the technology company's stock after selling 38,576 shares during the period. Impax Asset Management Group plc owned about 2.68% of Littelfuse worth $155,566,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Huntington National Bank grew its position in Littelfuse by 200.0% during the 3rd quarter. Huntington National Bank now owns 96 shares of the technology company's stock worth $25,000 after acquiring an additional 64 shares during the last quarter. Truvestments Capital LLC purchased a new stake in shares of Littelfuse during the third quarter valued at approximately $27,000. Quent Capital LLC grew its holdings in shares of Littelfuse by 525.0% in the fourth quarter. Quent Capital LLC now owns 125 shares of the technology company's stock worth $29,000 after purchasing an additional 105 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Littelfuse by 181.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 163 shares of the technology company's stock worth $38,000 after buying an additional 105 shares during the period. Finally, Bank of Jackson Hole Trust bought a new stake in Littelfuse during the 4th quarter valued at $40,000. 96.14% of the stock is owned by institutional investors.

Littelfuse Trading Down 2.4 %

Shares of NASDAQ:LFUS traded down $5.83 on Thursday, hitting $234.36. The company had a trading volume of 125,707 shares, compared to its average volume of 160,971. Littelfuse, Inc. has a 1 year low of $222.73 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's 50-day simple moving average is $237.94 and its two-hundred day simple moving average is $248.64. The firm has a market capitalization of $5.82 billion, a price-to-earnings ratio of 52.08, a P/E/G ratio of 2.24 and a beta of 1.26.

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Littelfuse (NASDAQ:LFUS - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The technology company reported $2.04 EPS for the quarter, hitting 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 period last year, the firm earned $2.02 earnings per share. Equities analysts anticipate that Littelfuse, Inc. will post 9.49 earnings per share for the current fiscal year.

Littelfuse Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 20th will be paid a $0.70 dividend. The ex-dividend date is Thursday, February 20th. This represents a $2.80 annualized dividend and a yield of 1.19%. Littelfuse's payout ratio is 62.22%.

Insiders Place Their Bets

In other Littelfuse 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 value of $174,314.00. Following the sale, the chief accounting officer now owns 3,105 shares in the company, valued at approximately $773,207.10. This represents a 18.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on LFUS shares. Benchmark reissued a "hold" rating on shares of Littelfuse in a report on Wednesday, January 29th. StockNews.com raised Littelfuse from a "hold" rating to a "buy" rating in a research note on Wednesday. Finally, Robert W. Baird reduced their price target on Littelfuse from $300.00 to $290.00 and set an "outperform" rating on the stock in a report on Thursday, January 30th. Three investment 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $280.00.

Littelfuse Company 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.