Boston Trust Walden Corp Has $56.22 Million Stock Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Boston Trust Walden Corp trimmed its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 1.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 285,740 shares of the technology company’s stock after selling 3,045 shares during the period. Boston Trust Walden Corp’s holdings in Littelfuse were worth $56,216,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Atria Wealth Solutions Inc. lifted its stake in Littelfuse by 5.5% in the 4th quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company’s stock valued at $225,000 after purchasing an additional 50 shares during the last quarter. Arizona State Retirement System lifted its stake in Littelfuse by 0.7% in the 4th quarter. Arizona State Retirement System now owns 7,188 shares of the technology company’s stock valued at $1,694,000 after purchasing an additional 51 shares during the last quarter. Treasurer of the State of North Carolina lifted its stake in Littelfuse by 0.7% in the 4th quarter. Treasurer of the State of North Carolina now owns 10,733 shares of the technology company’s stock valued at $2,529,000 after purchasing an additional 70 shares during the last quarter. Fifth Third Bancorp lifted its stake in Littelfuse by 30.5% in the 1st quarter. Fifth Third Bancorp now owns 325 shares of the technology company’s stock valued at $64,000 after purchasing an additional 76 shares during the last quarter. Finally, Assetmark Inc. lifted its stake in Littelfuse by 11.4% in the 4th quarter. Assetmark Inc. now owns 801 shares of the technology company’s stock valued at $189,000 after purchasing an additional 82 shares during the last quarter. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Deepak Nayar sold 1,477 shares of the firm’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $197.50, for a total transaction of $291,707.50. Following the transaction, the senior vice president now directly owns 5,975 shares of the company’s stock, valued at approximately $1,180,062.50. This trade represents a 19.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.50% of the company’s stock.

Analysts Set New Price Targets

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

Littelfuse Trading Up 1.6%

Shares of LFUS stock opened at $219.33 on Thursday. The firm has a 50 day moving average price of $196.71 and a two-hundred day moving average price of $216.26. The company has a quick ratio of 2.75, a current ratio of 3.88 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $5.42 billion, a PE ratio of 50.77, a price-to-earnings-growth ratio of 1.96 and a beta of 1.38. Littelfuse, Inc. has a 12-month low of $142.10 and a 12-month high of $275.58.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings data on Tuesday, April 29th. The technology company reported $2.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.37. The firm had revenue of $554.31 million during the quarter, compared to the consensus estimate of $537.60 million. Littelfuse had a net margin of 4.89% and a return on equity of 9.00%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period last year, the business posted $1.76 earnings per share. As a group, analysts predict that Littelfuse, Inc. will post 9.49 earnings per share for the current year.

Littelfuse Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd were given a dividend of $0.70 per share. The ex-dividend date was Thursday, May 22nd. This represents a $2.80 annualized dividend and a yield of 1.28%. Littelfuse’s dividend payout ratio (DPR) is presently 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.