Northwestern Mutual Investment Management Company LLC Has $624,000 Holding in Littelfuse, Inc. (LFUS)

Northwestern Mutual Investment Management Company LLC Has $624,000 Holding in Littelfuse, Inc. (LFUS)

Northwestern Mutual Investment Management Company LLC boosted its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 0.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,900 shares of the technology company’s stock after buying an additional 17 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Littelfuse were worth $624,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in LFUS. Asset Management One Co. Ltd. purchased a new stake in Littelfuse during the fourth quarter valued at about $161,000. World Asset Management Inc increased its stake in Littelfuse by 2.4% in the first quarter. World Asset Management Inc now owns 1,393 shares of the technology company’s stock valued at $223,000 after buying an additional 32 shares during the period. Pitcairn Co. purchased a new stake in Littelfuse during the fourth quarter valued at about $214,000. Miles Capital Inc. purchased a new stake in Littelfuse during the fourth quarter valued at about $225,000. Finally, Forward Management LLC increased its stake in Littelfuse by 6.4% in the first quarter. Forward Management LLC now owns 1,674 shares of the technology company’s stock valued at $268,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 99.14% of the company’s stock.

Littelfuse, Inc. (NASDAQ LFUS) traded up 1.57% on Friday, hitting $167.93. The stock had a trading volume of 125,162 shares. The firm has a market cap of $3.81 billion, a price-to-earnings ratio of 30.86 and a beta of 1.01. Littelfuse, Inc. has a 52-week low of $112.13 and a 52-week high of $173.14. The company’s 50 day moving average price is $160.76 and its 200 day moving average price is $156.99.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings results on Wednesday, May 3rd. The technology company reported $1.69 EPS for the quarter, beating the Zacks’ consensus estimate of $1.64 by $0.05. Littelfuse had a net margin of 9.89% and a return on equity of 17.99%. The firm had revenue of $285.44 million during the quarter, compared to the consensus estimate of $284.95 million. During the same quarter last year, the firm earned $1.38 EPS. The firm’s revenue for the quarter was up 30.1% compared to the same quarter last year. Analysts expect that Littelfuse, Inc. will post $7.18 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 8th. Stockholders of record on Thursday, May 25th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend is Tuesday, May 23rd. Littelfuse’s dividend payout ratio (DPR) is presently 28.76%.

Separately, Zacks Investment Research cut Littelfuse from a “buy” rating to a “hold” rating in a report on Friday. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $161.50.

In other news, SVP Dieter Roeder sold 8,490 shares of the stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $163.06, for a total transaction of $1,384,379.40. Following the transaction, the senior vice president now directly owns 7,143 shares in the company, valued at $1,164,737.58. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP John T. Quille sold 596 shares of the stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $166.01, for a total transaction of $98,941.96. Following the transaction, the vice president now owns 1,078 shares in the company, valued at $178,958.78. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,631 shares of company stock worth $3,054,237. Corporate insiders own 2.40% of the company’s stock.

About Littelfuse

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:LFUS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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