Littelfuse, Inc. (NASDAQ:LFUS) Shares Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 13.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 315,741 shares of the technology company's stock after purchasing an additional 37,583 shares during the period. Thrivent Financial for Lutherans owned approximately 1.27% of Littelfuse worth $74,405,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Huntington National Bank grew its holdings in shares of Littelfuse by 200.0% during the third quarter. Huntington National Bank now owns 96 shares of the technology company's stock worth $25,000 after buying an additional 64 shares during the last quarter. Truvestments Capital LLC acquired a new stake in Littelfuse during the 3rd quarter worth approximately $27,000. Quent Capital LLC grew its stake in shares of Littelfuse by 525.0% in the 4th quarter. Quent Capital LLC now owns 125 shares of the technology company's stock valued at $29,000 after purchasing an additional 105 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Littelfuse by 181.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 163 shares of the technology company's stock valued at $38,000 after purchasing an additional 105 shares during the period. Finally, Bank of Jackson Hole Trust purchased a new stake in shares of Littelfuse during the fourth quarter worth approximately $40,000. 96.14% of the stock is owned by hedge funds and other institutional investors.

Littelfuse Price Performance

Shares of NASDAQ:LFUS traded down $1.56 on Friday, reaching $209.79. 349,201 shares of the company were exchanged, compared to its average volume of 127,176. The company has a 50-day moving average of $230.69 and a 200-day moving average of $242.93. The company has a current ratio of 3.61, a quick ratio of 2.62 and a debt-to-equity ratio of 0.32. The firm has a market cap of $5.18 billion, a price-to-earnings ratio of 46.62, a price-to-earnings-growth ratio of 2.24 and a beta of 1.27. Littelfuse, Inc. has a 1-year low of $201.97 and a 1-year high of $275.58.

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Littelfuse (NASDAQ:LFUS - Get Free Report) last issued its earnings results 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 last year, the company earned $2.02 EPS. Equities analysts forecast that Littelfuse, Inc. will post 9.49 earnings per share for the current fiscal year.

Littelfuse Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Thursday, February 20th were given a $0.70 dividend. The ex-dividend date was Thursday, February 20th. This represents a $2.80 annualized dividend and a dividend yield of 1.33%. Littelfuse's dividend payout ratio is presently 62.22%.

Analyst Upgrades and Downgrades

LFUS has been the topic of several recent research reports. StockNews.com raised shares of Littelfuse from a "hold" rating to a "buy" rating in a research note on Wednesday. Robert W. Baird lowered their target price on shares of Littelfuse from $300.00 to $290.00 and set an "outperform" rating on the stock in a report on Thursday, January 30th. Finally, Benchmark reissued a "hold" rating on shares of Littelfuse in a report on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Littelfuse has an average rating of "Moderate Buy" and an average price target of $280.00.

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.