Russell Investments Group Ltd. Lowers Position in Littelfuse, Inc. (NASDAQ:LFUS)

Russell Investments Group Ltd. lessened its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 31.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,416 shares of the technology company's stock after selling 9,851 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.09% of Littelfuse worth $5,047,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. raised its holdings in Littelfuse by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 2,807,162 shares of the technology company's stock valued at $661,508,000 after buying an additional 40,423 shares during the period. Norges Bank acquired a new stake in Littelfuse in the 4th quarter valued at $131,579,000. Victory Capital Management Inc. lifted its stake in shares of Littelfuse by 0.4% during the fourth quarter. Victory Capital Management Inc. now owns 513,679 shares of the technology company's stock worth $121,048,000 after purchasing an additional 2,056 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Littelfuse by 0.4% in the third quarter. Geode Capital Management LLC now owns 431,956 shares of the technology company's stock worth $114,607,000 after buying an additional 1,525 shares during the period. Finally, Thrivent Financial for Lutherans raised its holdings in shares of Littelfuse by 13.5% during the 4th quarter. Thrivent Financial for Lutherans now owns 315,741 shares of the technology company's stock valued at $74,405,000 after buying an additional 37,583 shares during the period. Institutional investors and hedge funds own 96.14% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on LFUS shares. StockNews.com lowered shares of Littelfuse from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Robert W. Baird reissued a "neutral" rating and issued a $182.00 price objective (down from $225.00) on shares of Littelfuse in a research report on Tuesday. Baird R W cut Littelfuse from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. Finally, Benchmark reaffirmed a "hold" rating on shares of Littelfuse in a research report on Thursday, April 10th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $258.00.

Littelfuse Stock Performance

Shares of NASDAQ:LFUS traded up $1.51 on Friday, reaching $153.89. 376,088 shares of the company's stock were exchanged, compared to its average volume of 147,832. Littelfuse, Inc. has a fifty-two week low of $142.10 and a fifty-two week high of $275.58. The business's 50-day moving average is $204.50 and its two-hundred day moving average is $230.71. The company has a quick ratio of 2.62, a current ratio of 3.61 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $3.80 billion, a price-to-earnings ratio of 34.20, a PEG ratio of 2.24 and a beta of 1.30.

Littelfuse (NASDAQ:LFUS - Get Free Report) last issued its earnings results on Tuesday, January 28th. The technology company reported $2.04 EPS for the quarter, meeting analysts' consensus estimates of $2.04. Littelfuse had a return on equity of 8.55% and a net margin of 5.16%. During the same period in the prior year, the company earned $2.02 earnings per share. As a group, equities research analysts forecast that Littelfuse, Inc. will post 9.49 EPS for the current year.

Littelfuse Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Thursday, February 20th were given a $0.70 dividend. The ex-dividend date was Thursday, February 20th. This represents a $2.80 annualized dividend and a yield of 1.82%. Littelfuse's dividend payout ratio is presently 62.22%.

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.