Kensington Investment Counsel LLC Sells 203 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Kensington Investment Counsel LLC trimmed its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 6.1% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 3,146 shares of the technology company’s stock after selling 203 shares during the quarter. Kensington Investment Counsel LLC’s holdings in Littelfuse were worth $741,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Huntington National Bank grew its stake in shares of Littelfuse by 200.0% during the 3rd quarter. Huntington National Bank now owns 96 shares of the technology company’s stock valued at $25,000 after purchasing an additional 64 shares during the period. Truvestments Capital LLC bought a new position in shares of Littelfuse during the 3rd quarter valued at approximately $27,000. Quent Capital LLC grew its stake in shares of Littelfuse by 525.0% during the 4th quarter. Quent Capital LLC now owns 125 shares of the technology company’s stock valued at $29,000 after acquiring an additional 105 shares during the period. Geneos Wealth Management Inc. grew its stake 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 period. Finally, Bank of Jackson Hole Trust bought a new position in shares of Littelfuse during the 4th quarter valued at approximately $40,000. 96.14% of the stock is currently owned by institutional investors.

Littelfuse Stock Performance

LFUS stock opened at $214.91 on Tuesday. The firm has a market cap of $5.33 billion, a price-to-earnings ratio of 47.76, a PEG ratio of 2.24 and a beta of 1.27. The company has a quick ratio of 2.62, a current ratio of 3.61 and a debt-to-equity ratio of 0.32. Littelfuse, Inc. has a twelve month low of $201.97 and a twelve month high of $275.58. The business’s fifty day simple moving average is $232.76 and its two-hundred day simple moving average is $244.34.

Littelfuse (NASDAQ:LFUS) last announced its quarterly 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 return on equity of 8.55% and a net margin of 5.16%. During the same quarter last year, the company earned $2.02 EPS. Analysts predict that Littelfuse, Inc. will post 9.49 earnings per share for the current year.

Littelfuse Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th were paid a $0.70 dividend. The ex-dividend date was Thursday, February 20th. This represents a $2.80 annualized dividend and a yield of 1.30%. Littelfuse’s dividend payout ratio (DPR) is presently 62.22%.

Wall Street Analyst Weigh In

LFUS has been the subject of a number of recent research reports. StockNews.com downgraded Littelfuse from a “buy” rating to a “hold” rating in a research note on Tuesday, March 11th. Robert W. Baird cut their price objective on shares of Littelfuse from $300.00 to $290.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. Finally, Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Littelfuse currently 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.