Public Employees Retirement Association of Colorado Has $24.77 Million Stock Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Public Employees Retirement Association of Colorado reduced its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 0.2% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 96,930 shares of the technology company’s stock after selling 159 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Littelfuse were worth $24,774,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of LFUS. Intech Investment Management LLC bought a new position in Littelfuse during the 2nd quarter worth about $840,000. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Littelfuse by 17.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,639 shares of the technology company’s stock worth $675,000 after buying an additional 401 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Littelfuse by 13.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 419,586 shares of the technology company’s stock valued at $107,244,000 after buying an additional 49,588 shares during the last quarter. Rathbones Group PLC lifted its stake in Littelfuse by 0.3% in the 2nd quarter. Rathbones Group PLC now owns 16,624 shares of the technology company’s stock valued at $4,249,000 after acquiring an additional 52 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in Littelfuse by 1.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 127,058 shares of the technology company’s stock worth $32,475,000 after acquiring an additional 1,466 shares during the last quarter. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Littelfuse Price Performance

NASDAQ:LFUS opened at $260.50 on Friday. Littelfuse, Inc. has a 12-month low of $212.80 and a 12-month high of $275.58. The firm has a market capitalization of $6.46 billion, a price-to-earnings ratio of 29.84, a P/E/G ratio of 2.51 and a beta of 1.28. The stock’s 50 day moving average price is $257.84 and its two-hundred day moving average price is $250.17. The company has a quick ratio of 2.42, a current ratio of 3.50 and a debt-to-equity ratio of 0.32.

Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings results on Tuesday, July 30th. The technology company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.22. Littelfuse had a return on equity of 8.91% and a net margin of 8.71%. The business had revenue of $558.49 million for the quarter, compared to analysts’ expectations of $540.35 million. During the same quarter in the prior year, the business earned $3.12 EPS. The firm’s revenue for the quarter was down 8.7% on a year-over-year basis. On average, analysts anticipate that Littelfuse, Inc. will post 8.18 earnings per share for the current year.

Littelfuse Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 22nd were issued a dividend of $0.70 per share. This is an increase from Littelfuse’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $2.80 annualized dividend and a dividend yield of 1.07%. Littelfuse’s payout ratio is presently 32.07%.

Insider Activity at Littelfuse

In other Littelfuse news, CEO David W. Heinzmann sold 300 shares of the firm’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $273.17, for a total transaction of $81,951.00. Following the completion of the sale, the chief executive officer now directly owns 59,654 shares in the company, valued at $16,295,683.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Littelfuse news, CEO David W. Heinzmann sold 2,091 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $274.65, for a total value of $574,293.15. Following the transaction, the chief executive officer now directly owns 59,654 shares of the company’s stock, valued at approximately $16,383,971.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO David W. Heinzmann sold 300 shares of the stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $273.17, for a total value of $81,951.00. Following the transaction, the chief executive officer now owns 59,654 shares in the company, valued at approximately $16,295,683.18. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,328 shares of company stock worth $4,437,986. Insiders own 2.30% of the company’s stock.

Analysts Set New Price Targets

LFUS has been the topic of a number of recent research reports. Robert W. Baird boosted their price objective on shares of Littelfuse from $300.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Stifel Nicolaus upgraded shares of Littelfuse from a “hold” rating to a “buy” rating and increased their price objective for the stock from $270.00 to $280.00 in a research note on Tuesday, August 13th. TD Cowen lifted their target price on Littelfuse from $250.00 to $260.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Finally, StockNews.com raised Littelfuse from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $278.75.

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.