Harfst & Associates Inc. Sells 735 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Harfst & Associates Inc. lowered its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 45.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 898 shares of the technology company’s stock after selling 735 shares during the period. Harfst & Associates Inc.’s holdings in Littelfuse were worth $212,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Huntington National Bank grew its holdings in Littelfuse by 200.0% during the third quarter. Huntington National Bank now owns 96 shares of the technology company’s stock worth $25,000 after purchasing an additional 64 shares during the period. Truvestments Capital LLC bought a new position in Littelfuse during the third quarter worth about $27,000. Quent Capital LLC boosted its holdings in shares of Littelfuse by 525.0% during the fourth quarter. Quent Capital LLC now owns 125 shares of the technology company’s stock worth $29,000 after acquiring an additional 105 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of Littelfuse by 181.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 163 shares of the technology company’s stock worth $38,000 after acquiring an additional 105 shares during the period. Finally, Bank of Jackson Hole Trust bought a new stake in shares of Littelfuse during the fourth quarter worth approximately $40,000. Institutional investors own 96.14% of the company’s stock.

Littelfuse Stock Down 0.4 %

Shares of NASDAQ:LFUS opened at $240.19 on Thursday. The company has a fifty day moving average of $237.85 and a 200-day moving average of $248.70. The company has a market capitalization of $5.96 billion, a PE ratio of 53.38, a price-to-earnings-growth ratio of 2.24 and a beta of 1.26. 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 52-week low of $222.73 and a 52-week high of $275.58.

Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings data on Tuesday, January 28th. The technology company reported $2.04 earnings per share for the quarter, meeting 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 prior year, the business earned $2.02 earnings per share. On average, equities analysts predict that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.

Littelfuse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 20th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $2.80 dividend on an annualized basis and a yield of 1.17%. Littelfuse’s payout ratio is 62.22%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LFUS. Robert W. Baird reduced their price objective on Littelfuse from $300.00 to $290.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. StockNews.com upgraded Littelfuse from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Benchmark restated a “hold” rating on shares of Littelfuse in a report on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $280.00.

Insider Activity at Littelfuse

In related news, CAO Jeffrey G. Gorski sold 700 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $249.02, for a total value of $174,314.00. Following the completion of the sale, the chief accounting officer now directly owns 3,105 shares in the company, valued at $773,207.10. This represents a 18.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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.