Johnson Investment Counsel Inc. Sells 75 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Johnson Investment Counsel Inc. lessened its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 0.6% in the first quarter, Holdings Channel reports. The institutional investor owned 13,263 shares of the technology company’s stock after selling 75 shares during the period. Johnson Investment Counsel Inc.’s holdings in Littelfuse were worth $2,609,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its stake in Littelfuse by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 312,535 shares of the technology company’s stock valued at $73,649,000 after purchasing an additional 8,588 shares in the last quarter. Millennium Management LLC increased its position in shares of Littelfuse by 806.0% during the fourth quarter. Millennium Management LLC now owns 19,253 shares of the technology company’s stock valued at $4,537,000 after acquiring an additional 17,128 shares in the last quarter. Atria Wealth Solutions Inc. increased its position in shares of Littelfuse by 5.5% during the fourth quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company’s stock valued at $225,000 after acquiring an additional 50 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Littelfuse during the fourth quarter valued at approximately $5,892,000. Finally, Bank of New York Mellon Corp increased its position in shares of Littelfuse by 7.4% during the fourth quarter. Bank of New York Mellon Corp now owns 260,102 shares of the technology company’s stock valued at $61,293,000 after acquiring an additional 18,013 shares in the last quarter. 96.14% of the stock is currently owned by institutional investors.

Insider Activity

In related news, SVP Deepak Nayar sold 1,477 shares of the firm’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $197.50, for a total value of $291,707.50. Following the completion of the sale, the senior vice president now directly owns 5,975 shares in the company, valued at $1,180,062.50. This trade represents a 19.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Oppenheimer reduced their price objective on Littelfuse from $310.00 to $275.00 and set an “outperform” rating for the company in a report on Thursday, May 1st. Benchmark reiterated a “hold” rating on shares of Littelfuse in a research note on Wednesday, May 28th. Wall Street Zen lowered shares of Littelfuse from a “buy” rating to a “hold” rating in a research note on Friday, June 6th. Robert W. Baird lifted their price target on shares of Littelfuse from $182.00 to $194.00 and gave the stock a “neutral” rating in a research note on Thursday, May 1st. Finally, Baird R W downgraded shares of Littelfuse from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 15th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $252.25.

Littelfuse Trading Down 0.1%

LFUS stock opened at $219.17 on Friday. Littelfuse, Inc. has a 1-year low of $142.10 and a 1-year high of $275.58. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.88 and a quick ratio of 2.75. The company has a market capitalization of $5.42 billion, a price-to-earnings ratio of 50.73, a PEG ratio of 1.99 and a beta of 1.38. The business has a 50 day simple moving average of $199.31 and a two-hundred day simple moving average of $215.88.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings data on Tuesday, April 29th. The technology company reported $2.19 EPS for the quarter, beating the consensus estimate of $1.82 by $0.37. Littelfuse had a net margin of 4.89% and a return on equity of 9.00%. The business had revenue of $554.31 million during the quarter, compared to the consensus estimate of $537.60 million. During the same quarter in the prior year, the firm earned $1.76 EPS. The business’s revenue was up 3.5% on a year-over-year basis. Research analysts anticipate that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.

Littelfuse Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Thursday, May 22nd were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date was Thursday, May 22nd. Littelfuse’s payout ratio is 64.81%.

About Littelfuse

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.