Rhumbline Advisers Buys 1,979 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Rhumbline Advisers raised its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 2.9% in the 4th quarter, HoldingsChannel reports. The firm owned 69,322 shares of the technology company’s stock after acquiring an additional 1,979 shares during the quarter. Rhumbline Advisers’ holdings in Littelfuse were worth $16,336,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Huntington National Bank grew its stake in shares of Littelfuse by 200.0% in the 3rd quarter. Huntington National Bank now owns 96 shares of the technology company’s stock valued at $25,000 after buying an additional 64 shares during the period. Truvestments Capital LLC acquired a new stake in Littelfuse in the third quarter valued at approximately $27,000. Quent Capital LLC grew its stake in Littelfuse by 525.0% in the fourth quarter. Quent Capital LLC now owns 125 shares of the technology company’s stock valued at $29,000 after acquiring an additional 105 shares during the period. Geneos Wealth Management Inc. increased its holdings in shares of Littelfuse by 181.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 163 shares of the technology company’s stock valued at $38,000 after acquiring an additional 105 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in shares of Littelfuse during the third quarter worth approximately $53,000. Institutional investors and hedge funds own 96.14% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Jeffrey G. Gorski sold 700 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $249.02, for a total transaction of $174,314.00. Following the completion of the sale, the chief accounting officer now directly owns 3,105 shares of the company’s stock, valued at $773,207.10. This trade represents a 18.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 2.30% of the company’s stock.

Littelfuse Stock Performance

NASDAQ LFUS opened at $251.77 on Friday. The company has a fifty day moving average price of $237.80 and a 200-day moving average price of $248.40. The firm has a market cap of $6.25 billion, a price-to-earnings ratio of 55.95, a PEG ratio of 2.24 and a beta of 1.26. 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, Inc. has a 1 year low of $222.73 and a 1 year high of $275.58.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings data on Tuesday, January 28th. The technology company reported $2.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.04. Littelfuse had a net margin of 5.16% and a return on equity of 8.55%. During the same period in the prior year, the business posted $2.02 earnings per share. As a group, equities research analysts predict that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.

Littelfuse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 20th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $2.80 dividend on an annualized basis and a yield of 1.11%. Littelfuse’s dividend payout ratio (DPR) is currently 62.22%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. StockNews.com upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. Benchmark reissued a “hold” rating on shares of Littelfuse in a research report on Wednesday, January 29th. Finally, Robert W. Baird lowered their target price on shares of Littelfuse from $300.00 to $290.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Littelfuse currently has an average rating of “Moderate Buy” and an average target price of $280.00.

Littelfuse Company 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.