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

Federated Hermes Inc. reduced its stake in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 0.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of LFUS. Neuberger Berman Group LLC grew its stake in Littelfuse by 1.2% during the 4th quarter. Neuberger Berman Group LLC now owns 1,047,025 shares of the technology company's stock worth $246,732,000 after buying an additional 11,958 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its position in shares of Littelfuse by 7.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 763,396 shares of the technology company's stock valued at $179,895,000 after buying an additional 55,835 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Littelfuse by 5.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 442,554 shares of the technology company's stock worth $104,287,000 after acquiring an additional 22,287 shares during the period. Van Lanschot Kempen Investment Management N.V. increased its stake in Littelfuse by 4.4% in the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 441,972 shares of the technology company's stock valued at $104,151,000 after purchasing an additional 18,483 shares in the last quarter. Finally, Westwood Holdings Group Inc. grew its stake in Littelfuse by 2.9% in the 4th quarter. Westwood Holdings Group Inc. now owns 347,364 shares of the technology company's stock worth $81,856,000 after acquiring an additional 9,705 shares during the period. 96.14% of the stock is owned by hedge funds and other institutional investors.

Littelfuse Stock Up 0.6%

LFUS traded up $1.50 during mid-day trading on Monday, reaching $252.41. 64,054 shares of the stock were exchanged, compared to its average volume of 217,124. The stock has a market capitalization of $6.25 billion, a PE ratio of 52.67, a price-to-earnings-growth ratio of 2.15 and a beta of 1.41. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.98 and a current ratio of 4.06. The company has a 50 day moving average price of $226.74 and a two-hundred day moving average price of $214.38. Littelfuse, Inc. has a 1 year low of $142.10 and a 1 year high of $275.56.

Littelfuse (NASDAQ:LFUS - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.85 EPS for the quarter, topping analysts' consensus estimates of $2.35 by $0.50. Littelfuse had a return on equity of 9.74% and a net margin of 5.30%. The company had revenue of $613.41 million during the quarter, compared to analyst estimates of $571.04 million. During the same quarter last year, the firm posted $1.97 earnings per share. The firm's revenue was up 9.8% on a year-over-year basis. As a group, research analysts anticipate that Littelfuse, Inc. will post 9.49 EPS for the current year.

Littelfuse Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, August 21st. This is a positive change from Littelfuse's previous quarterly dividend of $0.70. Littelfuse's dividend payout ratio (DPR) is presently 58.33%.

Analysts Set New Price Targets

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

Littelfuse 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.