New York State Common Retirement Fund Acquires 1,040 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

New York State Common Retirement Fund lifted its position in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 0.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 142,197 shares of the technology company's stock after acquiring an additional 1,040 shares during the quarter. New York State Common Retirement Fund owned approximately 0.57% of Littelfuse worth $33,509,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Huntington National Bank boosted its stake in Littelfuse by 200.0% in the 3rd quarter. Huntington National Bank now owns 96 shares of the technology company's stock worth $25,000 after purchasing an additional 64 shares during the period. Truvestments Capital LLC purchased a new position in shares of Littelfuse during the 3rd quarter valued at about $27,000. Quent Capital LLC raised its holdings in shares of Littelfuse by 525.0% during the 4th quarter. Quent Capital LLC now owns 125 shares of the technology company's stock valued at $29,000 after buying an additional 105 shares in the last quarter. Geneos Wealth Management Inc. increased 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 during the period. Finally, Meeder Asset Management Inc. purchased a new position in Littelfuse in the 3rd quarter worth approximately $53,000. Institutional investors own 96.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Benchmark reiterated a "hold" rating on shares of Littelfuse in a research report on Wednesday, January 29th. StockNews.com upgraded Littelfuse from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. Finally, Robert W. Baird dropped their price target on Littelfuse from $300.00 to $290.00 and set an "outperform" rating on the stock in a research report on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Littelfuse presently has an average rating of "Moderate Buy" and an average target price of $280.00.

Littelfuse Stock Down 1.3 %

Littelfuse stock traded down $3.39 during mid-day trading on Friday, hitting $251.77. The company had a trading volume of 188,607 shares, compared to its average volume of 163,012. The company has a current ratio of 3.61, a quick ratio of 2.62 and a debt-to-equity ratio of 0.32. The stock's 50 day moving average price is $237.80 and its two-hundred day moving average price is $248.40. Littelfuse, Inc. has a 12 month low of $222.73 and a 12 month high of $275.58. The company has a market capitalization of $6.25 billion, a PE ratio of 55.95, a price-to-earnings-growth ratio of 2.24 and a beta of 1.26.

Littelfuse (NASDAQ:LFUS - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share 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 period in the previous year, the company earned $2.02 earnings per share. As a group, sell-side analysts anticipate that Littelfuse, Inc. will post 9.49 earnings per share for the current fiscal year.

Littelfuse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Thursday, February 20th. Littelfuse's dividend payout ratio is currently 62.22%.

Insider Activity at Littelfuse

In related news, CAO Jeffrey G. Gorski sold 700 shares of the company's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $249.02, for a total transaction of $174,314.00. Following the completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.30% of the stock is owned by company insiders.

Littelfuse 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.