Wells Fargo & Company MN Sells 101,092 Shares of Littelfuse, Inc. (NASDAQ:LFUS)
Wells Fargo & Company MN trimmed its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 14.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 603,800 shares of the technology company’s stock after selling 101,092 shares during the period. Wells Fargo & Company MN owned 2.66% of Littelfuse worth $119,444,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Turner Investments LLC purchased a new position in shares of Littelfuse in the 3rd quarter worth $147,000. Royal Bank of Canada boosted its stake in shares of Littelfuse by 63.6% during the 2nd quarter. Royal Bank of Canada now owns 1,178 shares of the technology company’s stock worth $194,000 after purchasing an additional 458 shares during the period. Intrust Bank NA purchased a new position in shares of Littelfuse during the 3rd quarter worth about $204,000. Coldstream Capital Management Inc. purchased a new position in shares of Littelfuse during the 3rd quarter worth about $204,000. Finally, Advisor Partners LLC purchased a new position in shares of Littelfuse during the 4th quarter worth about $212,000. 94.58% of the stock is owned by institutional investors.
A number of brokerages recently weighed in on LFUS. BidaskClub upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a report on Friday, February 23rd. Zacks Investment Research upgraded shares of Littelfuse from a “sell” rating to a “hold” rating in a report on Wednesday, January 24th. Finally, ValuEngine upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Four research 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. Littelfuse presently has an average rating of “Buy” and an average price target of $212.00.
Littelfuse (NASDAQ:LFUS) last released its earnings results on Wednesday, January 31st. The technology company reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.13. The company had revenue of $304.85 million for the quarter, compared to the consensus estimate of $299.88 million. Littelfuse had a net margin of 9.78% and a return on equity of 19.65%. Littelfuse’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.57 EPS. equities analysts expect that Littelfuse, Inc. will post 8.53 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 8th. Stockholders of record on Thursday, February 22nd were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 0.67%. The ex-dividend date was Wednesday, February 21st. Littelfuse’s dividend payout ratio (DPR) is currently 20.39%.
In related news, Director Gordon Hunter sold 12,873 shares of the business’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $221.13, for a total value of $2,846,606.49. Following the completion of the transaction, the director now directly owns 34,176 shares in the company, valued at approximately $7,557,338.88. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Ian Highley sold 9,378 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $212.50, for a total transaction of $1,992,825.00. Following the transaction, the senior vice president now owns 4,121 shares of the company’s stock, valued at $875,712.50. The disclosure for this sale can be found here. Insiders sold a total of 71,289 shares of company stock worth $15,271,800 over the last ninety days. Insiders own 1.80% of the company’s stock.
Littelfuse, Inc is a supplier of circuit protection products for the electronics, automotive and industrial markets. The Company operates through three segments. The Electronics segment provides circuit protection components for overcurrent and overvoltage protection, as well as sensor components and modules to manufacturers of a range of electronic products.
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