Lord Abbett & CO. LLC Increases Position in Littelfuse, Inc. (NASDAQ:LFUS)

Lord Abbett & CO. LLC increased its position in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 2.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 197,541 shares of the technology company's stock after buying an additional 3,822 shares during the period. Lord Abbett & CO. LLC owned about 0.80% of Littelfuse worth $46,551,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Alpine Peaks Capital LP grew its stake in Littelfuse by 88.7% during the fourth quarter. Alpine Peaks Capital LP now owns 15,850 shares of the technology company's stock valued at $3,735,000 after acquiring an additional 7,450 shares in the last quarter. Voya Investment Management LLC grew its position in shares of Littelfuse by 0.3% during the fourth quarter. Voya Investment Management LLC now owns 177,343 shares of the technology company's stock valued at $41,791,000 after purchasing an additional 485 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in shares of Littelfuse by 7.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 763,396 shares of the technology company's stock worth $179,895,000 after purchasing an additional 55,835 shares during the last quarter. Pinebridge Investments L.P. lifted its position in shares of Littelfuse by 42.7% in the fourth quarter. Pinebridge Investments L.P. now owns 9,366 shares of the technology company's stock worth $2,207,000 after buying an additional 2,802 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its stake in Littelfuse by 293.9% during the fourth quarter. Hsbc Holdings PLC now owns 3,711 shares of the technology company's stock valued at $872,000 after buying an additional 2,769 shares during the last quarter. Hedge funds and other institutional investors own 96.14% of the company's stock.

Analysts Set New Price Targets

LFUS has been the topic of several recent research reports. Benchmark reaffirmed a "hold" rating on shares of Littelfuse in a report on Wednesday. StockNews.com lowered shares of Littelfuse from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Robert W. Baird boosted their target price on shares of Littelfuse from $182.00 to $194.00 and gave the stock a "neutral" rating in a report on Thursday. Oppenheimer lowered their price target on shares of Littelfuse from $310.00 to $275.00 and set an "outperform" rating for the company in a report on Thursday. Finally, Baird R W cut Littelfuse from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $252.25.

Littelfuse Trading Up 4.2 %

Shares of NASDAQ:LFUS traded up $7.62 during trading hours on Thursday, hitting $189.93. 113,140 shares of the company's stock traded hands, compared to its average volume of 156,092. The firm has a market capitalization of $4.69 billion, a P/E ratio of 42.21, a price-to-earnings-growth ratio of 2.24 and a beta of 1.30. The business has a fifty day moving average price of $192.08 and a 200-day moving average price of $226.01. Littelfuse, Inc. has a 1 year low of $142.10 and a 1 year high of $275.58. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.61 and a quick ratio of 2.62.

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

Littelfuse Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Thursday, May 22nd. Littelfuse's dividend payout ratio is presently 62.22%.

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.