Teachers Retirement System of The State of Kentucky Sells 400 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Teachers Retirement System of The State of Kentucky lowered its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 3.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,898 shares of the technology company’s stock after selling 400 shares during the period. Teachers Retirement System of The State of Kentucky owned about 0.05% of Littelfuse worth $3,450,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. VisionPoint Advisory Group LLC bought a new position in Littelfuse in the third quarter valued at $27,000. SRS Capital Advisors Inc. lifted 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 valued at $37,000 after acquiring an additional 108 shares during the last quarter. Principal Securities Inc. acquired a new stake in Littelfuse in the fourth quarter valued at $50,000. Assetmark Inc. lifted its stake in shares of Littelfuse by 17.7% during the 4th quarter. Assetmark Inc. now owns 432 shares of the technology company’s stock worth $116,000 after buying an additional 65 shares during the last quarter. Finally, Kessler Investment Group LLC lifted its stake in shares of Littelfuse by 57.9% during the 4th quarter. Kessler Investment Group LLC now owns 589 shares of the technology company’s stock worth $158,000 after buying an additional 216 shares during the last quarter. Institutional investors own 96.14% of the company’s stock.

Analysts Set New Price Targets

LFUS has been the subject of a number of research reports. Baird R W upgraded shares of Littelfuse from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 17th. Robert W. Baird upgraded shares of Littelfuse from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $270.00 to $300.00 in a research note on Friday, May 17th. Benchmark restated a “hold” rating on shares of Littelfuse in a research note on Thursday, May 2nd. StockNews.com cut shares of Littelfuse from a “buy” rating to a “hold” rating in a research note on Saturday, March 30th. Finally, Jefferies Financial Group began coverage on shares of Littelfuse in a research note on Tuesday, April 9th. They issued a “hold” rating and a $260.00 price objective for the company. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $280.00.

Littelfuse Price Performance

Shares of Littelfuse stock opened at $263.12 on Wednesday. Littelfuse, Inc. has a twelve month low of $212.80 and a twelve month high of $309.94. The company has a quick ratio of 2.44, a current ratio of 3.57 and a debt-to-equity ratio of 0.32. The company has a 50-day simple moving average of $247.52 and a two-hundred day simple moving average of $245.36. The stock has a market capitalization of $6.52 billion, a price-to-earnings ratio of 30.14, a price-to-earnings-growth ratio of 2.46 and a beta of 1.29.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.01. Littelfuse had a net margin of 9.58% and a return on equity of 10.21%. The business had revenue of $535.39 million during the quarter, compared to analysts’ expectations of $519.08 million. During the same quarter in the previous year, the company earned $3.64 EPS. The business’s revenue was down 12.2% on a year-over-year basis. Analysts forecast that Littelfuse, Inc. will post 8.59 EPS for the current year.

Littelfuse Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 6th. Shareholders of record on Thursday, May 23rd were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend was Wednesday, May 22nd. Littelfuse’s dividend payout ratio is currently 29.78%.

Insider Buying and Selling at Littelfuse

In other Littelfuse news, CFO Meenal Sethna sold 6,114 shares of the firm’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $256.49, for a total value of $1,568,179.86. Following the transaction, the chief financial officer now directly owns 22,432 shares of the company’s stock, valued at approximately $5,753,583.68. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CFO Meenal Sethna sold 6,114 shares of Littelfuse stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $256.49, for a total transaction of $1,568,179.86. Following the sale, the chief financial officer now directly owns 22,432 shares of the company’s stock, valued at approximately $5,753,583.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Deepak Nayar sold 1,305 shares of Littelfuse stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $250.25, for a total transaction of $326,576.25. Following the sale, the senior vice president now directly owns 4,630 shares in the company, valued at $1,158,657.50. The disclosure for this sale can be found here. Insiders have sold a total of 9,638 shares of company stock valued at $2,463,552 in the last ninety days. 2.30% of the stock is currently owned by company insiders.

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.