Bank of New York Mellon Corp Boosts Stock Position in Littelfuse, Inc. (NASDAQ:LFUS)

Bank of New York Mellon Corp boosted its holdings in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 7.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 260,102 shares of the technology company's stock after acquiring an additional 18,013 shares during the period. Bank of New York Mellon Corp owned 1.05% of Littelfuse worth $61,293,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Cabot Wealth Management Inc. lifted its holdings in Littelfuse by 3.7% in the fourth quarter. Cabot Wealth Management Inc. now owns 5,654 shares of the technology company's stock valued at $1,332,000 after acquiring an additional 200 shares during the last quarter. Private Advisor Group LLC lifted its holdings in Littelfuse by 2.9% in the fourth quarter. Private Advisor Group LLC now owns 3,849 shares of the technology company's stock valued at $907,000 after acquiring an additional 109 shares during the last quarter. Bank of Jackson Hole Trust acquired a new position in Littelfuse in the fourth quarter valued at approximately $40,000. New York State Common Retirement Fund lifted its holdings in Littelfuse by 0.7% in the fourth quarter. New York State Common Retirement Fund now owns 142,197 shares of the technology company's stock valued at $33,509,000 after acquiring an additional 1,040 shares during the last quarter. Finally, Atria Wealth Solutions Inc. lifted its holdings in Littelfuse by 5.5% in the fourth quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company's stock valued at $225,000 after acquiring an additional 50 shares during the last quarter. 96.14% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

A number of research analysts have commented on LFUS shares. Benchmark restated a "hold" rating on shares of Littelfuse in a research note on Wednesday, January 29th. StockNews.com upgraded Littelfuse from a "hold" rating to a "buy" rating in a research note on Wednesday, February 26th. Finally, Robert W. Baird decreased their price target on Littelfuse from $300.00 to $290.00 and set an "outperform" rating on the stock in a research note on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $280.00.

Littelfuse Stock Up 1.4 %

Shares of Littelfuse stock traded up $3.14 during trading hours on Friday, reaching $219.93. 117,298 shares of the company were exchanged, compared to its average volume of 165,902. Littelfuse, Inc. has a 1 year low of $211.90 and a 1 year high of $275.58. The stock's fifty day moving average is $235.96 and its 200 day moving average is $247.15. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.62 and a current ratio of 3.61. The firm has a market cap of $5.46 billion, a PE ratio of 48.87, a PEG ratio of 2.24 and a beta of 1.27.

Littelfuse (NASDAQ:LFUS - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The technology company reported $2.04 earnings per share for the quarter, hitting analysts' consensus estimates 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. As a group, equities research analysts forecast that Littelfuse, Inc. will post 9.49 earnings per share for the current year.

Littelfuse Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend was Thursday, February 20th. Littelfuse's dividend payout ratio is currently 62.22%.

Insider Transactions at Littelfuse

In related news, CAO Jeffrey G. Gorski sold 700 shares of the stock in a transaction on Thursday, December 12th. The stock was 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 of the company's stock, valued at $773,207.10. This represents a 18.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.30% of the company's stock.

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.