Littelfuse, Inc. (NASDAQ:LFUS) Shares Sold by Sandhill Capital Partners LLC

Sandhill Capital Partners LLC trimmed its position in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 5.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 149,105 shares of the technology company's stock after selling 9,300 shares during the quarter. Littelfuse comprises about 2.8% of Sandhill Capital Partners LLC's investment portfolio, making the stock its 18th largest holding. Sandhill Capital Partners LLC owned approximately 0.60% of Littelfuse worth $35,137,000 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 LFUS. Quent Capital LLC grew its stake in shares of Littelfuse by 525.0% during the fourth quarter. Quent Capital LLC now owns 125 shares of the technology company's stock worth $29,000 after acquiring an additional 105 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in Littelfuse by 181.0% in the 4th quarter. Geneos Wealth Management Inc. now owns 163 shares of the technology company's stock worth $38,000 after purchasing an additional 105 shares in the last quarter. Bank of Jackson Hole Trust purchased a new stake in Littelfuse during the 4th quarter worth approximately $40,000. Smartleaf Asset Management LLC increased its stake in Littelfuse by 548.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 188 shares of the technology company's stock valued at $44,000 after purchasing an additional 159 shares in the last quarter. Finally, Global X Japan Co. Ltd. raised its holdings in shares of Littelfuse by 221.0% in the fourth quarter. Global X Japan Co. Ltd. now owns 260 shares of the technology company's stock worth $61,000 after buying an additional 179 shares during the last quarter. Hedge funds and other institutional investors own 96.14% of the company's stock.

Littelfuse Stock Performance

NASDAQ:LFUS traded up $2.68 during mid-day trading on Friday, hitting $155.40. The company's stock had a trading volume of 517,894 shares, compared to its average volume of 144,127. The business's fifty day moving average is $212.49 and its two-hundred day moving average is $234.04. The stock has a market cap of $3.84 billion, a price-to-earnings ratio of 34.53, a PEG ratio of 2.24 and a beta of 1.30. Littelfuse, Inc. has a 1 year low of $142.10 and a 1 year 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.

Littelfuse (NASDAQ:LFUS - Get Free Report) last issued its 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 period in the prior year, the business earned $2.02 EPS. Analysts anticipate that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.

Littelfuse Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Thursday, February 20th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.80%. The ex-dividend date was Thursday, February 20th. Littelfuse's dividend payout ratio is currently 62.22%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LFUS. 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. Benchmark reiterated a "hold" rating on shares of Littelfuse in a research note on Thursday. Finally, StockNews.com cut Littelfuse from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Littelfuse currently has an average rating of "Moderate Buy" and an average target price of $285.00.

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.