Lord Abbett & CO. LLC Buys 10,972 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Lord Abbett & CO. LLC increased its holdings in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 6.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 193,719 shares of the technology company's stock after acquiring an additional 10,972 shares during the quarter. Lord Abbett & CO. LLC owned about 0.78% of Littelfuse worth $51,384,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in LFUS. Pathstone Holdings LLC lifted its holdings in shares of Littelfuse by 0.6% during the third quarter. Pathstone Holdings LLC now owns 6,522 shares of the technology company's stock valued at $1,730,000 after purchasing an additional 40 shares during the last quarter. Assetmark Inc. boosted its holdings in Littelfuse by 6.5% in the third quarter. Assetmark Inc. now owns 719 shares of the technology company's stock worth $191,000 after acquiring an additional 44 shares in the last quarter. US Bancorp DE grew its stake in shares of Littelfuse by 1.4% in the third quarter. US Bancorp DE now owns 3,436 shares of the technology company's stock worth $911,000 after acquiring an additional 49 shares during the last quarter. Rathbones Group PLC boosted its stake in Littelfuse by 0.3% in the 2nd quarter. Rathbones Group PLC now owns 16,624 shares of the technology company's stock worth $4,249,000 after purchasing an additional 52 shares in the last quarter. Finally, Tributary Capital Management LLC grew its position in Littelfuse by 1.4% during the 3rd quarter. Tributary Capital Management LLC now owns 3,940 shares of the technology company's stock valued at $1,045,000 after purchasing an additional 55 shares during the last quarter. Institutional investors own 96.14% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on LFUS. Robert W. Baird raised their price target on shares of Littelfuse from $300.00 to $315.00 and gave the company an "outperform" rating in a research report on Thursday, August 29th. Oppenheimer raised Littelfuse from a "market perform" rating to an "outperform" rating and set a $310.00 price target on the stock in a report on Thursday, October 17th. Benchmark reiterated a "hold" rating on shares of Littelfuse in a report on Wednesday, October 30th. Finally, StockNews.com upgraded shares of Littelfuse from a "hold" rating to a "buy" rating in a research note on Friday, October 18th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $285.00.

Littelfuse Stock Performance

Shares of Littelfuse stock traded down $2.49 during trading hours on Friday, reaching $246.30. 77,170 shares of the stock traded hands, compared to its average volume of 126,448. The company has a 50 day moving average price of $251.16 and a 200 day moving average price of $255.26. Littelfuse, Inc. has a one year low of $222.91 and a one year high of $275.58. The company has a quick ratio of 2.52, a current ratio of 3.55 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $6.11 billion, a price-to-earnings ratio of 31.66, a P/E/G ratio of 2.48 and a beta of 1.26.

Littelfuse (NASDAQ:LFUS - Get Free Report) last announced its earnings results on Tuesday, October 29th. The technology company reported $2.71 EPS for the quarter, beating analysts' consensus estimates of $2.09 by $0.62. Littelfuse had a net margin of 8.88% and a return on equity of 8.49%. The business had revenue of $567.39 million during the quarter, compared to analysts' expectations of $557.38 million. During the same period in the prior year, the company earned $2.97 earnings per share. The firm's revenue was down 6.5% on a year-over-year basis. On average, equities research analysts expect that Littelfuse, Inc. will post 8.47 earnings per share for the current fiscal year.

Littelfuse Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.14%. The ex-dividend date was Thursday, November 21st. Littelfuse's dividend payout ratio is presently 35.99%.

Littelfuse Company 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.