Rhumbline Advisers Acquires 1,979 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Rhumbline Advisers lifted its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 2.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,322 shares of the technology company's stock after acquiring an additional 1,979 shares during the quarter. Rhumbline Advisers owned approximately 0.28% of Littelfuse worth $16,336,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in LFUS. Creative Planning lifted its holdings in Littelfuse by 32.0% in the third quarter. Creative Planning now owns 3,567 shares of the technology company's stock valued at $946,000 after buying an additional 865 shares during the period. Raymond James & Associates raised its position in shares of Littelfuse by 2.5% in the 3rd quarter. Raymond James & Associates now owns 52,126 shares of the technology company's stock worth $13,826,000 after acquiring an additional 1,252 shares in the last quarter. Signaturefd LLC lifted its stake in shares of Littelfuse by 17.5% in the 3rd quarter. Signaturefd LLC now owns 551 shares of the technology company's stock valued at $146,000 after purchasing an additional 82 shares during the period. Tectonic Advisors LLC boosted its position in shares of Littelfuse by 7.0% during the 3rd quarter. Tectonic Advisors LLC now owns 1,638 shares of the technology company's stock valued at $435,000 after purchasing an additional 107 shares in the last quarter. Finally, Boston Trust Walden Corp grew its stake in Littelfuse by 0.6% during the third quarter. Boston Trust Walden Corp now owns 297,260 shares of the technology company's stock worth $78,848,000 after purchasing an additional 1,819 shares during the period. 96.14% of the stock is owned by institutional investors and hedge funds.

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Littelfuse Stock Down 3.2 %

Shares of NASDAQ:LFUS traded down $8.06 during trading on Tuesday, reaching $241.06. 186,675 shares of the stock were exchanged, compared to its average volume of 163,135. Littelfuse, Inc. has a 1-year low of $222.73 and a 1-year high of $275.58. The stock has a fifty day moving average of $237.90 and a two-hundred day moving average of $248.72. 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 firm has a market cap of $5.98 billion, a price-to-earnings ratio of 53.57, a price-to-earnings-growth ratio of 2.24 and a beta of 1.26.

Littelfuse (NASDAQ:LFUS - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The technology company reported $2.04 earnings per share for the quarter, hitting the consensus estimate 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 business earned $2.02 EPS. Research analysts anticipate that Littelfuse, Inc. will post 9.49 earnings per share for the current fiscal year.

Littelfuse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend is Thursday, February 20th. Littelfuse's dividend payout ratio is currently 62.22%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on LFUS. Benchmark reissued a "hold" rating on shares of Littelfuse in a research note on Wednesday, January 29th. Robert W. Baird dropped their target price on shares of Littelfuse from $300.00 to $290.00 and set an "outperform" rating on the stock in a research report on Thursday, January 30th. Finally, StockNews.com upgraded shares of Littelfuse from a "hold" rating to a "buy" rating in a report on Wednesday, February 12th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $280.00.

Insider Transactions at Littelfuse

In related news, CAO Jeffrey G. Gorski sold 700 shares of the company's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $249.02, for a total transaction of $174,314.00. Following the completion of the sale, the chief accounting officer now owns 3,105 shares in the company, valued at approximately $773,207.10. This represents a 18.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 2.30% of the company's stock.

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.