Federated Hermes Inc. Purchases 15,082 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Federated Hermes Inc. boosted its position in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 7.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 230,573 shares of the technology company's stock after purchasing an additional 15,082 shares during the quarter. Federated Hermes Inc. owned about 0.93% of Littelfuse worth $54,335,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Atria Wealth Solutions Inc. grew its stake in shares of Littelfuse by 5.5% during the fourth quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company's stock worth $225,000 after purchasing an additional 50 shares during the period. Arizona State Retirement System boosted its holdings in Littelfuse by 0.7% during the fourth quarter. Arizona State Retirement System now owns 7,188 shares of the technology company's stock worth $1,694,000 after buying an additional 51 shares during the last quarter. Assetmark Inc. grew its position in shares of Littelfuse by 11.4% during the 4th quarter. Assetmark Inc. now owns 801 shares of the technology company's stock worth $189,000 after buying an additional 82 shares during the period. Captrust Financial Advisors increased its stake in shares of Littelfuse by 6.5% in the 3rd quarter. Captrust Financial Advisors now owns 1,488 shares of the technology company's stock valued at $395,000 after acquiring an additional 91 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its position in shares of Littelfuse by 1.8% in the 4th quarter. Harbor Capital Advisors Inc. now owns 5,560 shares of the technology company's stock valued at $1,310,000 after acquiring an additional 96 shares during the period. Institutional investors own 96.14% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. StockNews.com downgraded shares of Littelfuse from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Benchmark reissued a "hold" rating on shares of Littelfuse in a report on Thursday. Finally, Robert W. Baird dropped their price objective 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 analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $285.00.

Littelfuse Stock Up 1.8 %

Shares of Littelfuse stock traded up $2.68 on Friday, hitting $155.40. The company had a trading volume of 517,894 shares, compared to its average volume of 144,127. The stock has a 50-day moving average of $212.49 and a 200-day moving average of $234.04. 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 twelve month low of $142.10 and a twelve month high of $275.58. The firm has a market capitalization of $3.84 billion, a P/E ratio of 34.53, a P/E/G ratio of 2.24 and a beta of 1.30.

Littelfuse (NASDAQ:LFUS - Get Free Report) last announced its earnings results 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 net margin of 5.16% and a return on equity of 8.55%. During the same period last year, the firm posted $2.02 earnings per share. Research analysts predict that Littelfuse, Inc. will post 9.49 earnings per share for the current year.

Littelfuse Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend was Thursday, February 20th. Littelfuse's payout ratio is 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.