Segall Bryant & Hamill LLC Grows Position in Littelfuse, Inc. (NASDAQ:LFUS)

Segall Bryant & Hamill LLC lifted its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 7.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 210,030 shares of the technology company's stock after purchasing an additional 14,764 shares during the period. Littelfuse comprises approximately 0.6% of Segall Bryant & Hamill LLC's investment portfolio, making the stock its 27th largest holding. Segall Bryant & Hamill LLC owned 0.85% of Littelfuse worth $41,321,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LFUS. Vanguard Group Inc. raised its stake in Littelfuse by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 2,807,162 shares of the technology company's stock valued at $661,508,000 after acquiring an additional 40,423 shares during the period. Neuberger Berman Group LLC grew its stake in Littelfuse by 1.2% during the fourth quarter. Neuberger Berman Group LLC now owns 1,047,025 shares of the technology company's stock valued at $246,732,000 after acquiring an additional 11,958 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in Littelfuse by 7.9% during the fourth 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 period. Norges Bank purchased a new position in Littelfuse during the fourth quarter worth about $131,579,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Littelfuse by 5.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 442,554 shares of the technology company's stock worth $104,287,000 after purchasing an additional 22,287 shares during the last quarter. 96.14% of the stock is owned by hedge funds and other institutional investors.

Littelfuse Trading Up 1.5%

Shares of LFUS traded up $3.44 during trading hours on Thursday, reaching $233.71. 56,836 shares of the company traded hands, compared to its average volume of 164,741. Littelfuse, Inc. has a 12 month low of $142.10 and a 12 month high of $275.56. The company has a quick ratio of 2.75, a current ratio of 3.88 and a debt-to-equity ratio of 0.32. The company's fifty day moving average price is $220.31 and its two-hundred day moving average price is $214.39. The company has a market capitalization of $5.78 billion, a price-to-earnings ratio of 54.11, a price-to-earnings-growth ratio of 2.08 and a beta of 1.39.

Littelfuse (NASDAQ:LFUS - Get Free Report) last released its earnings results on Tuesday, April 29th. The technology company reported $2.19 earnings per share for the quarter, topping analysts' consensus estimates of $1.82 by $0.37. Littelfuse had a net margin of 4.89% and a return on equity of 9.00%. The firm had revenue of $554.31 million for the quarter, compared to the consensus estimate of $537.60 million. During the same period in the prior year, the firm earned $1.76 EPS. The company's revenue was up 3.5% compared to the same quarter last year. Equities research analysts predict 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 was paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date was Thursday, May 22nd. Littelfuse's payout ratio is 64.81%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on LFUS shares. Robert W. Baird upped their price objective on Littelfuse from $182.00 to $194.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Wall Street Zen upgraded Littelfuse from a "hold" rating to a "buy" rating in a report on Friday, June 27th. Baird R W cut Littelfuse from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Oppenheimer decreased their price target 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 reissued a "hold" rating on shares of Littelfuse in a research report on Wednesday, May 28th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $252.25.

Insider Buying and Selling

In other news, SVP Deepak Nayar sold 1,477 shares of the firm's 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 completion of the transaction, the senior vice president directly owned 5,975 shares in the company, valued at $1,180,062.50. This trade represents a 19.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.50% 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.