JFG Wealth Management LLC Buys Shares of 864 Littelfuse, Inc. (NASDAQ:LFUS)

JFG Wealth Management LLC bought a new position in Littelfuse, Inc. (NASDAQ:LFUS) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 864 shares of the technology company’s stock, valued at approximately $204,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Huntington National Bank boosted its position in Littelfuse by 200.0% during the 3rd 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 period. Truvestments Capital LLC purchased a new stake in shares of Littelfuse in the third quarter worth approximately $27,000. Quent Capital LLC boosted its holdings in shares of Littelfuse by 525.0% during the fourth quarter. Quent Capital LLC now owns 125 shares of the technology company’s stock worth $29,000 after purchasing an additional 105 shares during the period. Geneos Wealth Management Inc. grew its position in Littelfuse by 181.0% during the fourth 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 in the last quarter. Finally, Bank of Jackson Hole Trust acquired a new position in Littelfuse in the 4th quarter valued at approximately $40,000. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on LFUS. StockNews.com upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. Robert W. Baird reduced their price objective on Littelfuse from $300.00 to $290.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Finally, Benchmark restated a “hold” rating on shares of Littelfuse in a research note on Wednesday, January 29th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Littelfuse currently has a consensus rating of “Moderate Buy” and a consensus target price of $280.00.

Insiders Place Their Bets

In other 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 completion of the sale, the chief accounting officer now directly owns 3,105 shares in the company, valued at approximately $773,207.10. The trade was a 18.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.30% of the company’s stock.

Littelfuse Stock Down 3.2 %

Littelfuse stock opened at $241.06 on Wednesday. The company has a current ratio of 3.61, a quick ratio of 2.62 and a debt-to-equity ratio of 0.32. Littelfuse, Inc. has a 1-year low of $222.73 and a 1-year high of $275.58. The firm’s fifty day simple moving average is $237.90 and its 200-day simple moving average is $248.72. The company has a market capitalization of $5.98 billion, a P/E ratio of 53.57, a P/E/G ratio of 2.24 and a beta of 1.26.

Littelfuse (NASDAQ:LFUS) last posted its 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 quarter last year, the company earned $2.02 EPS. Sell-side analysts forecast that Littelfuse, Inc. will post 9.49 earnings per share for the current fiscal year.

Littelfuse Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th will be given a dividend of $0.70 per share. The ex-dividend date is Thursday, February 20th. This represents a $2.80 dividend on an annualized basis and a yield of 1.16%. Littelfuse’s payout ratio is currently 62.22%.

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.