Bank of Jackson Hole Trust Invests $40,000 in Littelfuse, Inc. (NASDAQ:LFUS)

Bank of Jackson Hole Trust purchased a new position in shares of Littelfuse, Inc. (NASDAQ:LFUS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 171 shares of the technology company’s stock, valued at approximately $40,000.

A number of other hedge funds have also modified their holdings of the business. Pathstone Holdings LLC grew its holdings in shares of Littelfuse by 0.6% during the 3rd quarter. Pathstone Holdings LLC now owns 6,522 shares of the technology company’s stock worth $1,730,000 after purchasing an additional 40 shares during the period. Assetmark Inc. grew its holdings in shares of Littelfuse by 6.5% during the 3rd quarter. Assetmark Inc. now owns 719 shares of the technology company’s stock worth $191,000 after purchasing an additional 44 shares during the period. US Bancorp DE grew its holdings in shares of Littelfuse by 1.4% during the 3rd quarter. US Bancorp DE now owns 3,436 shares of the technology company’s stock worth $911,000 after purchasing an additional 49 shares during the period. Atria Wealth Solutions Inc. grew its holdings in shares of Littelfuse by 5.5% during the 4th quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company’s stock worth $225,000 after purchasing an additional 50 shares during the period. Finally, Tributary Capital Management LLC grew its holdings in shares of Littelfuse by 1.4% during the 3rd quarter. Tributary Capital Management LLC now owns 3,940 shares of the technology company’s stock worth $1,045,000 after purchasing an additional 55 shares during the period. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

Littelfuse Price Performance

LFUS stock opened at $255.16 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.61 and a quick ratio of 2.62. The firm has a market capitalization of $6.33 billion, a P/E ratio of 56.70, a P/E/G ratio of 2.21 and a beta of 1.26. The business’s 50-day moving average is $237.80 and its two-hundred day moving average is $248.40. Littelfuse, Inc. has a 1 year low of $222.73 and a 1 year high of $275.58.

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. Analysts anticipate that Littelfuse, Inc. will post 9.49 earnings per share for the current fiscal year.

Littelfuse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Thursday, February 20th. Littelfuse’s dividend payout ratio is currently 62.22%.

Insider Buying and Selling at Littelfuse

In other news, CAO Jeffrey G. Gorski sold 700 shares of the firm’s stock in a transaction dated 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 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on LFUS. StockNews.com raised Littelfuse from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. Benchmark reissued a “hold” rating on shares of Littelfuse in a research note on Wednesday, January 29th. Finally, Robert W. Baird decreased their target price on Littelfuse from $300.00 to $290.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.