3,254 Shares in Littelfuse, Inc. (NASDAQ:LFUS) Purchased by Quantbot Technologies LP

Quantbot Technologies LP acquired a new position in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,254 shares of the technology company's stock, valued at approximately $767,000.

A number of other large investors have also recently made changes to their positions in the stock. Raymond James Financial Inc. purchased a new stake in shares of Littelfuse in the fourth quarter worth $32,865,000. Verition Fund Management LLC bought a new position in Littelfuse during the third quarter valued at approximately $14,480,000. Thrivent Financial for Lutherans grew its holdings in Littelfuse by 13.5% during the 4th quarter. Thrivent Financial for Lutherans now owns 315,741 shares of the technology company's stock valued at $74,405,000 after buying an additional 37,583 shares in the last quarter. Harvey Partners LLC increased its stake in Littelfuse by 39.5% in the 3rd quarter. Harvey Partners LLC now owns 132,500 shares of the technology company's stock worth $35,146,000 after acquiring an additional 37,500 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in Littelfuse by 26.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 129,836 shares of the technology company's stock worth $30,473,000 after acquiring an additional 26,975 shares during the last quarter. 96.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on LFUS. Benchmark restated a "hold" rating on shares of Littelfuse in a research report on Wednesday, January 29th. 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. Finally, StockNews.com downgraded shares of Littelfuse from a "buy" rating to a "hold" rating in a research note on Thursday. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $280.00.

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Littelfuse Trading Down 4.3 %

Shares of LFUS stock traded down $9.06 during trading hours on Friday, hitting $200.97. The company had a trading volume of 123,749 shares, compared to its average volume of 130,067. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.61 and a quick ratio of 2.62. The stock has a market capitalization of $4.97 billion, a PE ratio of 44.66, a price-to-earnings-growth ratio of 2.24 and a beta of 1.27. The company's fifty day moving average is $228.63 and its 200 day moving average is $241.51. Littelfuse, Inc. has a fifty-two week low of $199.70 and a fifty-two week high of $275.58.

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

Littelfuse Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Thursday, February 20th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $2.80 annualized dividend and a yield of 1.39%. Littelfuse's dividend payout ratio is presently 62.22%.

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.