Johnson Investment Counsel Inc. Has $3.14 Million Position in Littelfuse, Inc. (NASDAQ:LFUS)

Johnson Investment Counsel Inc. lifted its position in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 23.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,338 shares of the technology company’s stock after buying an additional 2,553 shares during the period. Johnson Investment Counsel Inc. owned about 0.05% of Littelfuse worth $3,143,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Huntington National Bank boosted its position in shares of 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 buying an additional 64 shares during the period. Truvestments Capital LLC acquired a new position in shares of Littelfuse during the third quarter worth about $27,000. Quent Capital LLC boosted its position 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 buying an additional 105 shares during the period. Geneos Wealth Management Inc. boosted its position in Littelfuse by 181.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 163 shares of the technology company’s stock valued at $38,000 after purchasing an additional 105 shares during the last quarter. Finally, Bank of Jackson Hole Trust acquired a new position in Littelfuse during the fourth quarter valued at approximately $40,000. 96.14% of the stock is owned by institutional investors and hedge funds.

Littelfuse Trading Down 2.1 %

Shares of NASDAQ:LFUS opened at $215.28 on Tuesday. The business’s 50 day simple moving average is $235.58 and its 200 day simple moving average is $246.48. The company has a market capitalization of $5.34 billion, a P/E ratio of 47.84, a P/E/G ratio of 2.24 and a beta of 1.27. Littelfuse, Inc. has a 1 year low of $211.90 and a 1 year high of $275.58. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.61 and a quick ratio of 2.62.

Littelfuse (NASDAQ:LFUS) last issued its earnings results 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 firm posted $2.02 EPS. On average, research analysts anticipate that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.

Littelfuse Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders 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 1.30%. The ex-dividend date of this dividend was Thursday, February 20th. Littelfuse’s dividend payout ratio is presently 62.22%.

Insider Buying and Selling at Littelfuse

In other Littelfuse news, CAO Jeffrey G. Gorski sold 700 shares of the firm’s 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 sale, the chief accounting officer now owns 3,105 shares of the company’s stock, valued at approximately $773,207.10. This trade represents a 18.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 2.30% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Benchmark reissued a “hold” rating on shares of Littelfuse in a research report on Wednesday, January 29th. Robert W. Baird reduced their price target on Littelfuse from $300.00 to $290.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Finally, StockNews.com raised Littelfuse from a “hold” rating to a “buy” rating in a research report on Wednesday, February 26th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned 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.

Littelfuse Company 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.