Vestcor Inc Cuts Stock Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Vestcor Inc lessened its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 16.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,145 shares of the technology company’s stock after selling 418 shares during the quarter. Vestcor Inc’s holdings in Littelfuse were worth $505,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Huntington National Bank increased its holdings in Littelfuse by 200.0% in the 3rd quarter. Huntington National Bank now owns 96 shares of the technology company’s stock worth $25,000 after acquiring an additional 64 shares in the last quarter. Truvestments Capital LLC purchased a new stake in Littelfuse in the 3rd quarter worth $27,000. Quent Capital LLC increased its holdings in Littelfuse by 525.0% in the 4th quarter. Quent Capital LLC now owns 125 shares of the technology company’s stock worth $29,000 after acquiring an additional 105 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in Littelfuse by 181.0% in the 4th quarter. Geneos Wealth Management Inc. now owns 163 shares of the technology company’s stock worth $38,000 after acquiring an additional 105 shares in the last quarter. Finally, Bank of Jackson Hole Trust purchased a new stake in Littelfuse in the 4th quarter worth $40,000. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Littelfuse Price Performance

Littelfuse stock opened at $210.51 on Monday. The company has a fifty day simple moving average of $233.28 and a 200-day simple moving average of $244.72. The company has a quick ratio of 2.62, a current ratio of 3.61 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $5.22 billion, a price-to-earnings ratio of 46.78, a PEG ratio of 2.24 and a beta of 1.27. Littelfuse, Inc. has a 52-week low of $201.97 and a 52-week high of $275.58.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share for the quarter, meeting the consensus estimate of $2.04. Littelfuse had a net margin of 5.16% and a return on equity of 8.55%. During the same quarter in the previous year, the business posted $2.02 EPS. On average, equities analysts anticipate that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.

Littelfuse Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $2.80 annualized dividend and a dividend yield of 1.33%. Littelfuse’s payout ratio is 62.22%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on LFUS. StockNews.com lowered shares of Littelfuse from a “buy” rating to a “hold” rating in a report on Tuesday, March 11th. Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a report on Wednesday, January 29th. Finally, Robert W. Baird dropped their target price on shares of Littelfuse from $300.00 to $290.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Littelfuse has a consensus rating of “Moderate Buy” and an average price target 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.