Price T Rowe Associates Inc. MD Sells 95,222 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Price T Rowe Associates Inc. MD cut its position in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 44.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 117,231 shares of the technology company's stock after selling 95,222 shares during the period. Price T Rowe Associates Inc. MD owned about 0.47% of Littelfuse worth $28,412,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Rise Advisors LLC acquired a new position in Littelfuse in the first quarter worth $30,000. SRS Capital Advisors Inc. boosted its stake in Littelfuse by 372.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 137 shares of the technology company's stock worth $37,000 after purchasing an additional 108 shares in the last quarter. Principal Securities Inc. acquired a new position in Littelfuse in the fourth quarter worth $50,000. EntryPoint Capital LLC acquired a new position in Littelfuse in the first quarter worth $50,000. Finally, Covestor Ltd boosted its stake in Littelfuse by 28.5% in the first quarter. Covestor Ltd now owns 239 shares of the technology company's stock worth $58,000 after purchasing an additional 53 shares in the last quarter. Institutional investors and hedge funds own 96.14% of the company's stock.

Insider Buying and Selling

In related news, CEO David W. Heinzmann sold 3,786 shares of the company's stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $273.92, for a total transaction of $1,037,061.12. Following the transaction, the chief executive officer now directly owns 59,654 shares of the company's stock, valued at approximately $16,340,423.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO David W. Heinzmann sold 3,786 shares of the company's stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $273.92, for a total value of $1,037,061.12. Following the completion of the transaction, the chief executive officer now directly owns 59,654 shares of the company's stock, valued at $16,340,423.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Deepak Nayar sold 1,305 shares of the company's stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $250.25, for a total value of $326,576.25. Following the completion of the transaction, the senior vice president now directly owns 4,630 shares of the company's stock, valued at $1,158,657.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,724 shares of company stock valued at $3,582,565. 2.30% of the stock is owned by company insiders.

Littelfuse Price Performance

Shares of Littelfuse stock traded down $11.61 during trading on Friday, reaching $247.10. 87,203 shares of the company's stock were exchanged, compared to its average volume of 138,120. The company has a market cap of $6.12 billion, a P/E ratio of 28.30, a PEG ratio of 2.63 and a beta of 1.29. Littelfuse, Inc. has a 1-year low of $212.80 and a 1-year high of $275.58. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.44 and a current ratio of 3.57. The firm's 50-day moving average price is $257.89 and its 200 day moving average price is $246.49.

Littelfuse (NASDAQ:LFUS - Get Free Report) last issued its quarterly earnings data on Tuesday, July 30th. The technology company reported $1.97 earnings per share for the quarter, topping analysts' consensus estimates of $1.75 by $0.22. Littelfuse had a return on equity of 8.93% and a net margin of 8.71%. The business had revenue of $558.49 million for the quarter, compared to analyst estimates of $540.35 million. During the same quarter in the previous year, the company posted $3.12 EPS. Littelfuse's quarterly revenue was down 8.7% compared to the same quarter last year. As a group, research analysts anticipate that Littelfuse, Inc. will post 8.47 earnings per share for the current year.

Littelfuse Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 22nd will be paid a dividend of $0.70 per share. This is an increase from Littelfuse's previous quarterly dividend of $0.65. This represents a $2.80 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Thursday, August 22nd. Littelfuse's dividend payout ratio is 29.78%.

Analyst Ratings Changes

A number of research firms have recently weighed in on LFUS. TD Cowen boosted their target price on Littelfuse from $250.00 to $260.00 and gave the stock a "hold" rating in a research report on Thursday. Jefferies Financial Group began coverage on Littelfuse in a research report on Tuesday, April 9th. They set a "hold" rating and a $260.00 target price for the company. Benchmark restated a "hold" rating on shares of Littelfuse in a research report on Thursday, May 2nd. Baird R W upgraded Littelfuse from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 17th. Finally, Stifel Nicolaus upped their price objective on Littelfuse from $250.00 to $270.00 and gave the company a "hold" rating in a report on Thursday. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $272.50.

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.