Bragg Financial Advisors Inc Purchases 5,120 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Bragg Financial Advisors Inc raised its stake in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 35.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,587 shares of the technology company's stock after purchasing an additional 5,120 shares during the period. Bragg Financial Advisors Inc owned approximately 0.08% of Littelfuse worth $4,616,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Littelfuse during the fourth quarter worth approximately $131,579,000. Raymond James Financial Inc. bought a new position in Littelfuse in the 4th quarter valued at $32,865,000. Vanguard Group Inc. increased its stake in shares of Littelfuse by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 2,807,162 shares of the technology company's stock valued at $661,508,000 after buying an additional 40,423 shares during the period. Thrivent Financial for Lutherans raised its position in shares of Littelfuse by 13.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 315,741 shares of the technology company's stock worth $74,405,000 after acquiring an additional 37,583 shares during the last quarter. Finally, ExodusPoint Capital Management LP acquired a new position in shares of Littelfuse during the fourth quarter valued at $8,838,000. 96.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Benchmark reaffirmed a "hold" rating on shares of Littelfuse in a report on Thursday, April 10th. Baird R W cut Littelfuse from a "strong-buy" rating to a "hold" rating in a report on Tuesday. Robert W. Baird reissued a "neutral" rating and set a $182.00 price objective (down previously from $225.00) on shares of Littelfuse in a research report on Tuesday. Finally, StockNews.com cut shares of Littelfuse from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Littelfuse currently has an average rating of "Hold" and a consensus target price of $258.00.

Littelfuse Stock Up 1.0 %

NASDAQ:LFUS traded up $1.51 on Friday, hitting $153.89. 376,088 shares of the company's stock were exchanged, compared to its average volume of 147,562. The company has a market cap of $3.80 billion, a P/E ratio of 34.20, a price-to-earnings-growth ratio of 2.24 and a beta of 1.30. The firm has a 50-day moving average price of $206.22 and a 200-day moving average price of $231.45. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.61 and a quick ratio of 2.62. Littelfuse, Inc. has a 52 week low of $142.10 and a 52 week high of $275.58.

Littelfuse (NASDAQ:LFUS - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share for the quarter, meeting 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 period in the prior year, the business earned $2.02 earnings per share. As a group, analysts expect that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.

Littelfuse Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend was Thursday, February 20th. Littelfuse's dividend payout ratio (DPR) is presently 62.22%.

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.