Corient Private Wealth LLC Sells 1,316 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Corient Private Wealth LLC lessened its position in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 14.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 7,681 shares of the technology company’s stock after selling 1,316 shares during the quarter. Corient Private Wealth LLC’s holdings in Littelfuse were worth $1,810,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in LFUS. Quest Partners LLC acquired a new stake in shares of Littelfuse during the third quarter worth $99,000. Pathstone Holdings LLC boosted its position in Littelfuse by 0.6% during the third quarter. Pathstone Holdings LLC now owns 6,522 shares of the technology company’s stock valued at $1,730,000 after acquiring an additional 40 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Littelfuse by 9.1% during the third quarter. PNC Financial Services Group Inc. now owns 4,059 shares of the technology company’s stock valued at $1,077,000 after acquiring an additional 337 shares during the last quarter. Commerce Bank grew its holdings in Littelfuse by 3.1% during the 3rd quarter. Commerce Bank now owns 3,802 shares of the technology company’s stock worth $1,008,000 after acquiring an additional 115 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Littelfuse by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 303,947 shares of the technology company’s stock worth $80,622,000 after acquiring an additional 8,195 shares in the last quarter. Institutional investors own 96.14% of the company’s stock.

Littelfuse Stock Up 3.4 %

LFUS stock opened at $216.85 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.62 and a current ratio of 3.61. Littelfuse, Inc. has a fifty-two week low of $201.97 and a fifty-two week high of $275.58. The stock’s 50 day simple moving average is $230.37 and its 200 day simple moving average is $242.54. The company has a market cap of $5.36 billion, a P/E ratio of 48.19, a price-to-earnings-growth ratio of 2.24 and a beta of 1.27.

Littelfuse (NASDAQ:LFUS) last issued its earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 posted $2.02 EPS. On average, research analysts expect that Littelfuse, Inc. will post 9.49 earnings per share for the current fiscal year.

Littelfuse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend was Thursday, February 20th. Littelfuse’s dividend payout ratio is currently 62.22%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. 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 note on Thursday, January 30th. Benchmark restated a “hold” rating on shares of Littelfuse in a report on Wednesday, January 29th. Finally, StockNews.com upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a research note on Wednesday, March 19th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, 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.