Barrow Hanley Mewhinney & Strauss LLC Decreases Stock Position in Littelfuse, Inc. (NASDAQ:LFUS)

Barrow Hanley Mewhinney & Strauss LLC decreased its position in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 2.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 352,170 shares of the technology company’s stock after selling 7,657 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned approximately 1.42% of Littelfuse worth $82,989,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Littelfuse by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 2,807,162 shares of the technology company’s stock valued at $661,508,000 after purchasing an additional 40,423 shares during the last quarter. State Street Corp grew its stake in shares of Littelfuse by 3.4% during the third quarter. State Street Corp now owns 747,082 shares of the technology company’s stock valued at $198,164,000 after buying an additional 24,571 shares during the last quarter. Norges Bank purchased a new stake in shares of Littelfuse in the fourth quarter worth approximately $131,579,000. Victory Capital Management Inc. lifted its stake in shares of Littelfuse by 0.4% during the 4th quarter. Victory Capital Management Inc. now owns 513,679 shares of the technology company’s stock worth $121,048,000 after acquiring an additional 2,056 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Littelfuse by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 431,956 shares of the technology company’s stock valued at $114,607,000 after acquiring an additional 1,525 shares during the period. Institutional investors own 96.14% of the company’s stock.

Littelfuse Trading Down 4.3 %

NASDAQ:LFUS opened at $200.97 on Friday. The firm has a 50-day simple moving average of $228.63 and a 200-day simple moving average of $241.51. Littelfuse, Inc. has a one year low of $199.70 and a one year high of $275.58. The firm has a market cap of $4.97 billion, a P/E ratio of 44.66, a P/E/G ratio of 2.24 and a beta of 1.27. 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 (NASDAQ:LFUS) last issued its quarterly earnings data on Tuesday, January 28th. The technology company reported $2.04 EPS for the quarter, hitting analysts’ consensus estimates 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 business earned $2.02 earnings per share. Equities analysts anticipate that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.

Littelfuse Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Thursday, February 20th were given a dividend of $0.70 per share. The ex-dividend date was Thursday, February 20th. This represents a $2.80 dividend on an annualized basis and a yield of 1.39%. Littelfuse’s payout ratio is 62.22%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Robert W. Baird decreased their target price on Littelfuse from $300.00 to $290.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Benchmark reiterated a “hold” rating on shares of Littelfuse in a report on Wednesday, January 29th. Finally, StockNews.com downgraded shares of Littelfuse from a “buy” rating to a “hold” rating in a research note on Thursday. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average 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.