New York State Common Retirement Fund Purchases 5,344 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

New York State Common Retirement Fund grew its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 3.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 141,157 shares of the technology company's stock after acquiring an additional 5,344 shares during the quarter. New York State Common Retirement Fund owned about 0.57% of Littelfuse worth $37,442,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of LFUS. US Bancorp DE lifted its position in Littelfuse by 1.4% in the third quarter. US Bancorp DE now owns 3,436 shares of the technology company's stock valued at $911,000 after purchasing an additional 49 shares during the last quarter. Tributary Capital Management LLC increased its stake in shares of Littelfuse by 1.4% during the third quarter. Tributary Capital Management LLC now owns 3,940 shares of the technology company's stock valued at $1,045,000 after buying an additional 55 shares during the period. State of Alaska Department of Revenue increased its stake in shares of Littelfuse by 1.2% during the third quarter. State of Alaska Department of Revenue now owns 16,956 shares of the technology company's stock valued at $4,497,000 after buying an additional 195 shares during the period. GHP Investment Advisors Inc. increased its stake in shares of Littelfuse by 1.9% during the third quarter. GHP Investment Advisors Inc. now owns 38,432 shares of the technology company's stock valued at $10,194,000 after buying an additional 729 shares during the period. Finally, Boston Trust Walden Corp increased its stake in shares of Littelfuse by 0.6% during the third quarter. Boston Trust Walden Corp now owns 297,260 shares of the technology company's stock valued at $78,848,000 after buying an additional 1,819 shares during the period. Institutional investors own 96.14% of the company's stock.

Insider Buying and Selling at Littelfuse

In other Littelfuse news, SVP Matthew Cole sold 1,436 shares of the firm's stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $246.02, for a total transaction of $353,284.72. Following the completion of the transaction, the senior vice president now owns 5,522 shares in the company, valued at $1,358,522.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CEO David W. Heinzmann sold 2,091 shares of Littelfuse stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $274.65, for a total value of $574,293.15. Following the completion of the transaction, the chief executive officer now owns 59,654 shares in the company, valued at approximately $16,383,971.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Matthew Cole sold 1,436 shares of Littelfuse stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $246.02, for a total value of $353,284.72. Following the completion of the transaction, the senior vice president now owns 5,522 shares of the company's stock, valued at approximately $1,358,522.44. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,242 shares of company stock worth $3,318,974 in the last quarter. 2.30% of the stock is owned by corporate insiders.

Littelfuse Stock Performance

Littelfuse stock traded up $4.81 during mid-day trading on Friday, reaching $249.44. 88,486 shares of the stock traded hands, compared to its average volume of 101,234. The stock has a market capitalization of $6.19 billion, a PE ratio of 32.06, a price-to-earnings-growth ratio of 2.47 and a beta of 1.28. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.55 and a quick ratio of 2.42. Littelfuse, Inc. has a 12-month low of $222.91 and a 12-month high of $275.58. The business's 50-day moving average is $257.63 and its 200-day moving average is $254.90.

Littelfuse (NASDAQ:LFUS - Get Free Report) last issued its earnings results on Tuesday, October 29th. The technology company reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.62. The company had revenue of $567.39 million for the quarter, compared to the consensus estimate of $557.38 million. Littelfuse had a return on equity of 8.49% and a net margin of 8.88%. The firm's quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter last year, the company earned $2.97 EPS. As a group, sell-side analysts predict that Littelfuse, Inc. will post 8.25 EPS for the current fiscal year.

Littelfuse Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend is Thursday, November 21st. Littelfuse's dividend payout ratio is presently 35.99%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on LFUS shares. Stifel Nicolaus raised Littelfuse from a "hold" rating to a "buy" rating and upped their price target for the stock from $270.00 to $280.00 in a research note on Tuesday, August 13th. StockNews.com raised Littelfuse from a "hold" rating to a "buy" rating in a research note on Friday, October 18th. Oppenheimer raised Littelfuse from a "market perform" rating to an "outperform" rating and set a $310.00 price target on the stock in a research note on Thursday, October 17th. Robert W. Baird upped their price target on Littelfuse from $300.00 to $315.00 and gave the stock an "outperform" rating in a research note on Thursday, August 29th. Finally, TD Cowen increased their target price on Littelfuse from $250.00 to $260.00 and gave the stock a "hold" rating in a research note on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $285.00.

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.