Deutsche Bank AG Raises Position in Littelfuse, Inc. (NASDAQ:LFUS)

Deutsche Bank AG grew its position in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 478.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,626 shares of the technology company's stock after buying an additional 7,961 shares during the quarter. Deutsche Bank AG's holdings in Littelfuse were worth $2,268,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Quent Capital LLC lifted its position in 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 acquiring an additional 105 shares in the last quarter. Geneos Wealth Management Inc. raised its stake 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 worth $38,000 after purchasing an additional 105 shares during the last quarter. Bank of Jackson Hole Trust bought a new position in shares of Littelfuse during the fourth quarter valued at $40,000. Smartleaf Asset Management LLC lifted its holdings in shares of Littelfuse by 548.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 188 shares of the technology company's stock valued at $44,000 after purchasing an additional 159 shares in the last quarter. Finally, Global X Japan Co. Ltd. boosted its position in shares of Littelfuse by 221.0% during the fourth quarter. Global X Japan Co. Ltd. now owns 260 shares of the technology company's stock valued at $61,000 after buying an additional 179 shares during the last quarter. Hedge funds and other institutional investors own 96.14% of the company's stock.

Littelfuse Trading Down 1.2%

Littelfuse stock opened at $208.18 on Friday. Littelfuse, Inc. has a 52-week low of $142.10 and a 52-week high of $275.58. The company has a market cap of $5.15 billion, a P/E ratio of 46.26, a P/E/G ratio of 2.24 and a beta of 1.38. The company has a quick ratio of 2.62, a current ratio of 3.61 and a debt-to-equity ratio of 0.32. The business has a 50-day simple moving average of $187.00 and a two-hundred day simple moving average of $220.63.

Littelfuse (NASDAQ:LFUS - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The technology company reported $2.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.82 by $0.37. Littelfuse had a net margin of 5.16% and a return on equity of 8.55%. The company had revenue of $554.31 million for the quarter, compared to the consensus estimate of $537.60 million. During the same quarter last year, the firm posted $1.76 earnings per share. The firm's revenue was up 3.5% compared to the same quarter last year. Analysts predict that Littelfuse, Inc. will post 9.49 EPS for the current year.

Littelfuse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Thursday, May 22nd. Littelfuse's payout ratio is 64.81%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Oppenheimer lowered their target price on shares of Littelfuse from $310.00 to $275.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Robert W. Baird boosted their price objective on shares of Littelfuse from $182.00 to $194.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Baird R W downgraded shares of Littelfuse from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Wall Street Zen downgraded shares of Littelfuse from a "buy" rating to a "hold" rating in a research report on Wednesday. Finally, Benchmark reiterated a "hold" rating on shares of Littelfuse in a research note on Wednesday, April 30th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $252.25.

Insider Activity

In related news, SVP Deepak Nayar sold 1,477 shares of Littelfuse stock in a transaction on Monday, May 5th. The stock was sold at an average price of $197.50, for a total transaction of $291,707.50. Following the transaction, the senior vice president now directly owns 5,975 shares in the company, valued at approximately $1,180,062.50. The trade was a 19.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.50% of the company's stock.

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.

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