Brown Advisory Inc. Increases Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Brown Advisory Inc. increased its stake in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 3.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 328,936 shares of the technology company's stock after acquiring an additional 10,750 shares during the period. Brown Advisory Inc. owned approximately 1.32% of Littelfuse worth $88,010,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. VisionPoint Advisory Group LLC bought a new stake in shares of Littelfuse during the 3rd quarter worth approximately $27,000. SRS Capital Advisors Inc. boosted its position in Littelfuse by 372.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 137 shares of the technology company's stock valued at $37,000 after buying an additional 108 shares during the period. Principal Securities Inc. bought a new position in Littelfuse in the 4th quarter worth about $50,000. Assetmark Inc. increased its position in shares of Littelfuse by 27.9% during the third quarter. Assetmark Inc. now owns 367 shares of the technology company's stock worth $91,000 after acquiring an additional 80 shares during the period. Finally, Kessler Investment Group LLC raised its stake in shares of Littelfuse by 57.9% during the fourth quarter. Kessler Investment Group LLC now owns 589 shares of the technology company's stock valued at $158,000 after acquiring an additional 216 shares in the last quarter. 96.14% of the stock is owned by institutional investors.

Littelfuse Stock Up 4.1 %

Shares of Littelfuse stock traded up $10.31 during trading on Friday, reaching $259.76. The company's stock had a trading volume of 147,571 shares, compared to its average volume of 168,221. Littelfuse, Inc. has a 1-year low of $212.80 and a 1-year high of $309.94. The company has a 50-day simple moving average of $238.22 and a two-hundred day simple moving average of $241.50. The company has a quick ratio of 2.44, a current ratio of 3.57 and a debt-to-equity ratio of 0.32. The company has a market cap of $6.44 billion, a price-to-earnings ratio of 29.75, a P/E/G ratio of 2.42 and a beta of 1.32.

Littelfuse (NASDAQ:LFUS - Get Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The technology company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.01. The business had revenue of $535.39 million during the quarter, compared to the consensus estimate of $519.08 million. Littelfuse had a return on equity of 10.21% and a net margin of 9.58%. The company's quarterly revenue was down 12.2% on a year-over-year basis. During the same quarter last year, the company earned $3.64 earnings per share. As a group, equities analysts forecast that Littelfuse, Inc. will post 8.59 earnings per share for the current year.

Littelfuse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 23rd will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Wednesday, May 22nd. Littelfuse's dividend payout ratio (DPR) is presently 29.78%.

Wall Street Analyst Weigh In

LFUS has been the subject of a number of research analyst reports. Jefferies Financial Group started coverage on Littelfuse in a research report on Tuesday, April 9th. They set a "hold" rating and a $260.00 target price for the company. Robert W. Baird raised shares of Littelfuse from a "neutral" rating to an "outperform" rating and raised their target price for the company from $270.00 to $300.00 in a research report on Friday. Benchmark reaffirmed a "hold" rating on shares of Littelfuse in a research report on Thursday, May 2nd. StockNews.com downgraded shares of Littelfuse from a "buy" rating to a "hold" rating in a research note on Saturday, March 30th. Finally, Baird R W raised Littelfuse from a "hold" rating to a "strong-buy" rating in a research report on Friday. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $280.00.

Insider Activity at Littelfuse

In other Littelfuse news, CFO Meenal Sethna sold 6,114 shares of Littelfuse stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $256.49, for a total transaction of $1,568,179.86. Following the completion of the sale, the chief financial officer now owns 22,432 shares of the company's stock, valued at approximately $5,753,583.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CFO Meenal Sethna sold 6,114 shares of the firm's stock in a transaction on Monday, May 13th. The shares were sold at an average price of $256.49, for a total transaction of $1,568,179.86. Following the completion of the transaction, the chief financial officer now owns 22,432 shares of the company's stock, valued at $5,753,583.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Deepak Nayar sold 1,305 shares of the company's stock in a transaction on Monday, May 6th. The shares were sold at an average price of $250.25, for a total transaction of $326,576.25. Following the completion of the sale, the senior vice president now directly owns 4,630 shares in the company, valued at $1,158,657.50. The disclosure for this sale can be found here. Insiders have sold a total of 11,160 shares of company stock valued at $2,829,959 in the last ninety days. Company insiders own 2.30% of the company's stock.

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.

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