Northern Trust Corp Has $55.84 Million Stake in Littelfuse, Inc. (NASDAQ:LFUS)

Northern Trust Corp grew its stake in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 15.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 236,960 shares of the technology company's stock after purchasing an additional 30,855 shares during the period. Northern Trust Corp owned about 0.95% of Littelfuse worth $55,840,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Atria Wealth Solutions Inc. increased its holdings in shares of Littelfuse by 5.5% during the fourth quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company's stock worth $225,000 after buying an additional 50 shares in the last quarter. Arizona State Retirement System increased its holdings in Littelfuse by 0.7% in the 4th quarter. Arizona State Retirement System now owns 7,188 shares of the technology company's stock worth $1,694,000 after purchasing an additional 51 shares in the last quarter. Treasurer of the State of North Carolina raised its position in Littelfuse by 0.7% in the fourth quarter. Treasurer of the State of North Carolina now owns 10,733 shares of the technology company's stock valued at $2,529,000 after purchasing an additional 70 shares during the last quarter. Assetmark Inc. boosted its stake in shares of Littelfuse by 11.4% during the fourth quarter. Assetmark Inc. now owns 801 shares of the technology company's stock valued at $189,000 after purchasing an additional 82 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its holdings in shares of Littelfuse by 1.8% during the fourth quarter. Harbor Capital Advisors Inc. now owns 5,560 shares of the technology company's stock worth $1,310,000 after purchasing an additional 96 shares during the last quarter. 96.14% of the stock is owned by institutional investors.

Littelfuse Price Performance

Littelfuse stock opened at $191.17 on Thursday. The stock's 50 day moving average price is $187.32 and its two-hundred day moving average price is $223.68. The stock has a market capitalization of $4.72 billion, a price-to-earnings ratio of 42.48, a PEG ratio of 2.24 and a beta of 1.38. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.62 and a current ratio of 3.61. Littelfuse, Inc. has a 52-week low of $142.10 and a 52-week high of $275.58.

Littelfuse (NASDAQ:LFUS - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The technology company reported $2.19 EPS for the quarter, topping analysts' consensus estimates of $1.82 by $0.37. Littelfuse had a net margin of 5.16% and a return on equity of 8.55%. The business had revenue of $554.31 million during the quarter, compared to analysts' expectations of $537.60 million. During the same period last year, the company posted $1.76 earnings per share. The business's quarterly revenue was up 3.5% on a year-over-year basis. On average, equities analysts predict that Littelfuse, Inc. will post 9.49 earnings per share for the current year.

Littelfuse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 22nd will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date is Thursday, May 22nd. Littelfuse's dividend payout ratio is currently 64.81%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Oppenheimer dropped their price target on shares of Littelfuse from $310.00 to $275.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Robert W. Baird lifted their target price on Littelfuse from $182.00 to $194.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Baird R W cut Littelfuse from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th. Benchmark reaffirmed a "hold" rating on shares of Littelfuse in a research note on Wednesday, April 30th. Finally, StockNews.com raised shares of Littelfuse from a "hold" rating to a "buy" rating in a research report on Tuesday. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $252.25.

Insider Activity at Littelfuse

In other news, SVP Deepak Nayar sold 1,477 shares of Littelfuse stock in a transaction dated Monday, May 5th. The shares were 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 now directly owns 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.50% of the stock is currently owned by insiders.

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.

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