Loomis Sayles & Co. L P Raises Stock Position in Littelfuse, Inc. (NASDAQ:LFUS)

Loomis Sayles & Co. L P raised its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 1.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 101,034 shares of the technology company's stock after acquiring an additional 1,898 shares during the quarter. Loomis Sayles & Co. L P owned approximately 0.41% of Littelfuse worth $23,809,000 at the end of the most recent reporting period.

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

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Littelfuse Stock Up 1.4 %

Shares of LFUS stock traded up $2.71 on Wednesday, hitting $195.80. The stock had a trading volume of 74,992 shares, compared to its average volume of 167,080. Littelfuse, Inc. has a 12-month low of $190.84 and a 12-month high of $275.58. The stock has a market cap of $4.84 billion, a price-to-earnings ratio of 43.61, a price-to-earnings-growth ratio of 2.24 and a beta of 1.27. The business has a 50 day moving average of $227.03 and a 200 day moving average of $240.73. 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 (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 return on equity of 8.55% and a net margin of 5.16%. During the same period in the prior year, the firm posted $2.02 EPS. As a group, analysts expect that Littelfuse, Inc. will post 9.49 EPS for the current year.

Littelfuse Dividend Announcement

The business also recently announced 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 1.43%. The ex-dividend date was Thursday, February 20th. Littelfuse's dividend payout ratio is currently 62.22%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on LFUS shares. Benchmark reaffirmed a "hold" rating on shares of Littelfuse in a report on Wednesday, January 29th. StockNews.com lowered Littelfuse from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Finally, Robert W. Baird dropped their price objective on shares of Littelfuse from $300.00 to $290.00 and set an "outperform" rating for the company in a research note on Thursday, January 30th. Four investment 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. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $280.00.

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.