Dorsey & Whitney Trust CO LLC Raises Position in Littelfuse, Inc. (NASDAQ:LFUS)

Dorsey & Whitney Trust CO LLC raised its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 1.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,281 shares of the technology company’s stock after buying an additional 711 shares during the period. Dorsey & Whitney Trust CO LLC owned approximately 0.15% of Littelfuse worth $8,785,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Robert W. Baird decreased their price objective on shares of Littelfuse from $300.00 to $290.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a research report on Wednesday, January 29th. Finally, StockNews.com raised shares of Littelfuse from a “hold” rating to a “buy” rating in a research report on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Littelfuse presently has an average rating of “Moderate Buy” and a consensus price target of $280.00.

Littelfuse Stock Performance

NASDAQ LFUS opened at $219.93 on Friday. The company has a current ratio of 3.61, a quick ratio of 2.62 and a debt-to-equity ratio of 0.32. The business’s 50 day moving average is $235.96 and its two-hundred day moving average is $247.15. Littelfuse, Inc. has a 12-month low of $211.90 and a 12-month high of $275.58. The stock has a market capitalization of $5.46 billion, a price-to-earnings ratio of 48.87, a PEG ratio of 2.24 and a beta of 1.27.

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

Littelfuse Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Thursday, February 20th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date was Thursday, February 20th. Littelfuse’s dividend payout ratio is currently 62.22%.

Insider Buying and Selling

In related news, CAO Jeffrey G. Gorski sold 700 shares of the company’s stock in a transaction that occurred 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 sale, the chief accounting officer now owns 3,105 shares in the company, valued at $773,207.10. This represents a 18.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.30% of the company’s stock.

Littelfuse Profile

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.