Federated Hermes Inc. Cuts Stock Position in Littelfuse, Inc. (NASDAQ:LFUS)

Federated Hermes Inc. lessened its position in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 0.5% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 229,460 shares of the technology company's stock after selling 1,113 shares during the period. Federated Hermes Inc. owned approximately 0.93% of Littelfuse worth $45,144,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Commonwealth Equity Services LLC lifted its holdings in shares of Littelfuse by 10.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 1,323 shares of the technology company's stock valued at $312,000 after purchasing an additional 120 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of Littelfuse by 15.7% in the fourth quarter. LPL Financial LLC now owns 9,066 shares of the technology company's stock valued at $2,120,000 after purchasing an additional 1,230 shares in the last quarter. Pictet Asset Management Holding SA lifted its holdings in shares of Littelfuse by 13.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 3,876 shares of the technology company's stock valued at $913,000 after purchasing an additional 465 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Littelfuse in the fourth quarter valued at approximately $1,036,000. Finally, Trexquant Investment LP bought a new position in shares of Littelfuse in the fourth quarter valued at approximately $3,642,000. Institutional investors own 96.14% of the company's stock.

Littelfuse Stock Performance

Shares of NASDAQ:LFUS traded down $6.42 during midday trading on Friday, reaching $250.91. 279,644 shares of the company traded hands, compared to its average volume of 190,788. The company has a quick ratio of 2.75, a current ratio of 4.06 and a debt-to-equity ratio of 0.30. Littelfuse, Inc. has a 12 month low of $142.10 and a 12 month high of $275.56. The firm has a market capitalization of $6.20 billion, a price-to-earnings ratio of 52.27, a price-to-earnings-growth ratio of 2.34 and a beta of 1.39. The firm's fifty day moving average price is $226.74 and its two-hundred day moving average price is $214.61.

Littelfuse (NASDAQ:LFUS - Get Free Report) last posted its earnings results on Wednesday, July 30th. The technology company reported $2.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.35 by $0.50. The business had revenue of $613.41 million for the quarter, compared to analysts' expectations of $571.04 million. Littelfuse had a net margin of 5.30% and a return on equity of 9.74%. The business's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.97 EPS. On average, equities analysts expect that Littelfuse, Inc. will post 9.49 earnings per share for the current year.

Littelfuse Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st will be paid a $0.75 dividend. The ex-dividend date is Thursday, August 21st. This represents a $3.00 dividend on an annualized basis and a yield of 1.2%. This is an increase from Littelfuse's previous quarterly dividend of $0.70. Littelfuse's dividend payout ratio is currently 62.50%.

Analyst Ratings Changes

A number of analysts recently commented on LFUS shares. Wall Street Zen upgraded Littelfuse from a "buy" rating to a "strong-buy" rating in a report on Saturday. Robert W. Baird boosted their target price on Littelfuse from $182.00 to $194.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Baird R W lowered Littelfuse from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Oppenheimer lowered their target price on Littelfuse from $310.00 to $275.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Finally, Benchmark restated a "hold" rating on shares of Littelfuse in a research note on Wednesday, May 28th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $249.67.

Insiders Place Their Bets

In other news, SVP Deepak Nayar sold 1,477 shares of Littelfuse stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $197.50, for a total transaction of $291,707.50. Following the completion of the sale, the senior vice president owned 5,975 shares in the company, valued at approximately $1,180,062.50. This trade represents a 19.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.50% of the stock is owned by corporate insiders.

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.