Schroder Investment Management Group Cuts Position in Littelfuse, Inc. (NASDAQ:LFUS)

Schroder Investment Management Group decreased its position in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 7.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 213,157 shares of the technology company's stock after selling 16,501 shares during the period. Schroder Investment Management Group owned approximately 0.86% of Littelfuse worth $49,949,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of LFUS. Atria Wealth Solutions Inc. lifted its stake in shares of Littelfuse by 5.5% in the 4th quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company's stock valued at $225,000 after purchasing an additional 50 shares during the period. Arizona State Retirement System increased its holdings in Littelfuse by 0.7% in the fourth quarter. Arizona State Retirement System now owns 7,188 shares of the technology company's stock worth $1,694,000 after purchasing an additional 51 shares in the last quarter. Assetmark Inc. lifted its stake in Littelfuse by 11.4% in the fourth quarter. Assetmark Inc. now owns 801 shares of the technology company's stock valued at $189,000 after buying an additional 82 shares during the period. Captrust Financial Advisors boosted its holdings in shares of Littelfuse by 6.5% during the 3rd quarter. Captrust Financial Advisors now owns 1,488 shares of the technology company's stock worth $395,000 after buying an additional 91 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its position in shares of Littelfuse by 1.8% during the 4th quarter. Harbor Capital Advisors Inc. now owns 5,560 shares of the technology company's stock worth $1,310,000 after buying an additional 96 shares during the period. Institutional investors own 96.14% of the company's stock.

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Littelfuse Stock Up 1.8 %

Shares of LFUS traded up $3.54 on Wednesday, reaching $196.63. The company's stock had a trading volume of 289,290 shares, compared to its average volume of 131,628. Littelfuse, Inc. has a twelve month low of $190.60 and a twelve month high of $275.58. The stock has a market capitalization of $4.86 billion, a PE ratio of 43.70, a PEG ratio of 2.24 and a beta of 1.27. 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 firm has a fifty day moving average of $227.03 and a 200-day moving average of $240.73.

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 return on equity of 8.55% and a net margin of 5.16%. During the same period in the prior year, the firm earned $2.02 earnings per share. Equities analysts predict that Littelfuse, Inc. will post 9.49 EPS for the current year.

Littelfuse Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th were paid a $0.70 dividend. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $2.80 annualized dividend and a dividend yield of 1.42%. Littelfuse's payout ratio is 62.22%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. StockNews.com downgraded shares of Littelfuse from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Benchmark reissued a "hold" rating on shares of Littelfuse in a research report on Wednesday, January 29th. Finally, Robert W. Baird decreased their target price on Littelfuse from $300.00 to $290.00 and set an "outperform" rating for the company in a research report on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $280.00.

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.