Littelfuse, Inc. (NASDAQ:LFUS) Shares Bought by Venturi Wealth Management LLC

Venturi Wealth Management LLC raised its position in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 2,746.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 427 shares of the technology company’s stock after acquiring an additional 412 shares during the quarter. Venturi Wealth Management LLC’s holdings in Littelfuse were worth $101,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Huntington National Bank lifted its position 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 buying an additional 64 shares in the last quarter. Truvestments Capital LLC purchased a new position in shares of Littelfuse during the 3rd quarter worth $27,000. Quent Capital LLC raised its holdings 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 acquiring an additional 105 shares during the period. Geneos Wealth Management Inc. boosted 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 valued at $38,000 after acquiring an additional 105 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Littelfuse in the third quarter valued at about $53,000. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Littelfuse Stock Down 1.3 %

Littelfuse stock opened at $251.77 on Monday. The firm has a market capitalization of $6.25 billion, a P/E ratio of 55.95, a P/E/G ratio of 2.24 and a beta of 1.26. The stock’s fifty day simple moving average is $237.91 and its 200-day simple moving average is $248.67. Littelfuse, Inc. has a twelve month low of $222.73 and a twelve month high of $275.58. The company has a current ratio of 3.61, a quick ratio of 2.62 and a debt-to-equity ratio of 0.32.

Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share (EPS) 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 last year, the company posted $2.02 EPS. As a group, equities analysts expect that Littelfuse, Inc. will post 9.49 earnings per share for the current fiscal year.

Littelfuse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Thursday, February 20th. Littelfuse’s dividend payout ratio (DPR) is 62.22%.

Insider Transactions at Littelfuse

In related news, CAO Jeffrey G. Gorski sold 700 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $249.02, for a total value of $174,314.00. Following the transaction, the chief accounting officer now directly owns 3,105 shares of the company’s stock, valued at $773,207.10. This trade represents a 18.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.30% of the company’s stock.

Wall Street Analysts Forecast Growth

LFUS has been the topic of several recent analyst reports. Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a research note on Wednesday, January 29th. StockNews.com upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. Finally, Robert W. Baird decreased their price objective on shares of Littelfuse from $300.00 to $290.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $280.00.

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.