Teachers Retirement System of The State of Kentucky lessened its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS – Get Rating) by 5.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 3,266 shares of the technology company's stock after selling 200 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Littelfuse were worth $815,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Nordea Investment Management AB lifted its position in shares of Littelfuse by 11.0% during the 1st quarter. Nordea Investment Management AB now owns 236,534 shares of the technology company's stock worth $60,203,000 after purchasing an additional 23,429 shares during the last quarter. Fieldpoint Private Securities LLC lifted its position in shares of Littelfuse by 0.3% during the 1st quarter. Fieldpoint Private Securities LLC now owns 15,327 shares of the technology company's stock worth $3,823,000 after purchasing an additional 43 shares during the last quarter. Grandeur Peak Global Advisors LLC lifted its position in shares of Littelfuse by 41.3% during the 1st quarter. Grandeur Peak Global Advisors LLC now owns 207,093 shares of the technology company's stock worth $51,651,000 after purchasing an additional 60,528 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in Littelfuse by 3.2% in the 1st quarter. Louisiana State Employees Retirement System now owns 6,500 shares of the technology company's stock valued at $1,538,000 after acquiring an additional 200 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its holdings in Littelfuse by 1,281.3% in the 1st quarter. Qube Research & Technologies Ltd now owns 29,712 shares of the technology company's stock valued at $7,410,000 after acquiring an additional 27,561 shares in the last quarter. Institutional investors and hedge funds own 95.45% of the company's stock.
Get Littelfuse alerts:Littelfuse Trading Down 1.0 %
Shares of LFUS opened at $200.09 on Friday. Littelfuse, Inc. has a 1 year low of $195.94 and a 1 year high of $334.84. The company has a current ratio of 4.31, a quick ratio of 3.07 and a debt-to-equity ratio of 0.43. The stock has a 50 day simple moving average of $241.85 and a 200-day simple moving average of $247.08. The stock has a market cap of $4.95 billion, a PE ratio of 14.34, a PEG ratio of 1.01 and a beta of 1.18.
Littelfuse Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, September 8th. Stockholders of record on Thursday, August 25th were issued a $0.60 dividend. The ex-dividend date was Wednesday, August 24th. This is a boost from Littelfuse's previous quarterly dividend of $0.53. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.20%. Littelfuse's dividend payout ratio is presently 17.20%.Wall Street Analysts Forecast Growth
Several equities analysts have commented on LFUS shares. Benchmark started coverage on Littelfuse in a report on Wednesday. They issued a "hold" rating for the company. StockNews.com cut Littelfuse from a "buy" rating to a "hold" rating in a report on Friday, September 2nd. Finally, Robert W. Baird cut their price target on Littelfuse from $272.00 to $245.00 and set a "neutral" rating for the company in a report on Friday, September 16th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $288.33.
About Littelfuse
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Littelfuse, Inc manufactures and sells circuit protection, power control, and sensing products in the Asia-Pacific, the Americas, and Europe. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, 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.
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