Illinois Municipal Retirement Fund Has $1.80 Million Stock Position in Littelfuse, Inc. (NASDAQ:LFUS)

Illinois Municipal Retirement Fund boosted its holdings in Littelfuse, Inc. (NASDAQ:LFUS) by 98.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,655 shares of the technology company’s stock after buying an additional 3,798 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Littelfuse were worth $1,804,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Huntington National Bank lifted its holdings in shares of Littelfuse by 200.0% in the third quarter. Huntington National Bank now owns 96 shares of the technology company’s stock worth $25,000 after acquiring an additional 64 shares during the last quarter. Truvestments Capital LLC acquired a new position in Littelfuse during the 3rd quarter worth approximately $27,000. Quent Capital LLC increased its position in 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 purchasing an additional 105 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Littelfuse by 181.0% in the 4th quarter. Geneos Wealth Management Inc. now owns 163 shares of the technology company’s stock valued at $38,000 after purchasing an additional 105 shares during the last quarter. Finally, Bank of Jackson Hole Trust acquired a new stake in Littelfuse in the fourth quarter valued at approximately $40,000. Institutional investors own 96.14% of the company’s stock.

Insider Activity

In related news, CAO Jeffrey G. Gorski sold 700 shares of the business’s 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 owns 3,105 shares in the company, valued at $773,207.10. The trade was a 18.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.30% of the company’s stock.

Littelfuse Stock Down 1.0 %

Shares of NASDAQ:LFUS opened at $232.11 on Friday. The firm has a market cap of $5.76 billion, a P/E ratio of 51.58, a P/E/G ratio of 2.24 and a beta of 1.26. Littelfuse, Inc. has a 12-month low of $222.73 and a 12-month high of $275.58. The business has a fifty day simple moving average of $237.95 and a 200 day simple moving average of $248.55. 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 (NASDAQ:LFUS) last issued its quarterly earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share 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 period in the previous year, the business earned $2.02 earnings per share. Analysts predict that Littelfuse, Inc. will post 9.49 earnings per share for the current year.

Littelfuse Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th will be given a $0.70 dividend. The ex-dividend date is Thursday, February 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.21%. Littelfuse’s dividend payout ratio (DPR) is currently 62.22%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Benchmark reiterated a “hold” rating on shares of Littelfuse in a report on Wednesday, January 29th. StockNews.com upgraded Littelfuse from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Robert W. Baird dropped 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. Three investment 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 company’s stock. According to data from MarketBeat, Littelfuse currently has an average rating of “Moderate Buy” and an average price target of $280.00.

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.