Illinois Municipal Retirement Fund Has $1.80 Million Stake in Littelfuse, Inc. (NASDAQ:LFUS)

Illinois Municipal Retirement Fund lifted its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 98.5% during the fourth quarter, Holdings Channel reports. The fund owned 7,655 shares of the technology company’s stock after buying an additional 3,798 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Littelfuse were worth $1,804,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. State Street Corp increased its stake in Littelfuse by 3.4% in the third quarter. State Street Corp now owns 747,082 shares of the technology company’s stock valued at $198,164,000 after purchasing an additional 24,571 shares in the last quarter. Victory Capital Management Inc. increased its position in Littelfuse by 2.0% in the 3rd quarter. Victory Capital Management Inc. now owns 511,623 shares of the technology company’s stock valued at $135,708,000 after buying an additional 10,119 shares in the last quarter. Geode Capital Management LLC increased its position in Littelfuse by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 431,956 shares of the technology company’s stock valued at $114,607,000 after buying an additional 1,525 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Littelfuse by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 303,947 shares of the technology company’s stock worth $80,622,000 after buying an additional 8,195 shares during the period. Finally, Thrivent Financial for Lutherans boosted its holdings in Littelfuse by 1.4% in the third quarter. Thrivent Financial for Lutherans now owns 278,158 shares of the technology company’s stock worth $73,781,000 after acquiring an additional 3,831 shares in the last quarter. 96.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on LFUS. Robert W. Baird cut their target price on Littelfuse from $300.00 to $290.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. StockNews.com raised shares of Littelfuse from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Benchmark reiterated 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 given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $280.00.

Insider Activity

In related news, CAO Jeffrey G. Gorski sold 700 shares of Littelfuse stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $249.02, for a total transaction of $174,314.00. Following the sale, the chief accounting officer now directly owns 3,105 shares in the company, valued at approximately $773,207.10. This trade represents a 18.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.30% of the stock is currently owned by corporate insiders.

Littelfuse Trading Down 1.0 %

NASDAQ LFUS opened at $232.11 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 has a fifty day simple moving average of $237.95 and a 200 day simple moving average of $248.55. Littelfuse, Inc. has a 12 month low of $222.73 and a 12 month high of $275.58. The firm has a market capitalization of $5.76 billion, a P/E ratio of 51.58, a PEG ratio of 2.24 and a beta of 1.26.

Littelfuse (NASDAQ:LFUS) last announced its earnings results on Tuesday, January 28th. The technology company reported $2.04 EPS 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 period in the prior year, the company earned $2.02 earnings per share. On average, analysts predict that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.

Littelfuse Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th will be paid a $0.70 dividend. The ex-dividend date is Thursday, February 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.21%. Littelfuse’s payout ratio is presently 62.22%.

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.