Raymond James Financial Inc. Takes Position in Littelfuse, Inc. (NASDAQ:LFUS)

Raymond James Financial Inc. bought a new position in Littelfuse, Inc. (NASDAQ:LFUS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 139,461 shares of the technology company’s stock, valued at approximately $32,865,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Littelfuse during the 4th quarter worth approximately $131,579,000. Vanguard Group Inc. grew its stake in Littelfuse by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 2,807,162 shares of the technology company’s stock worth $661,508,000 after buying an additional 40,423 shares during the last quarter. Thrivent Financial for Lutherans increased its position in Littelfuse by 13.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 315,741 shares of the technology company’s stock worth $74,405,000 after buying an additional 37,583 shares during the period. ExodusPoint Capital Management LP bought a new stake in Littelfuse in the fourth quarter valued at $8,838,000. Finally, Segall Bryant & Hamill LLC lifted its stake in Littelfuse by 17.1% in the fourth quarter. Segall Bryant & Hamill LLC now owns 195,266 shares of the technology company’s stock valued at $46,014,000 after buying an additional 28,458 shares during the last quarter. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LFUS has been the subject of several recent research reports. Benchmark restated a “hold” rating on shares of Littelfuse in a research report on Thursday, April 10th. Robert W. Baird restated a “neutral” rating and issued a $182.00 target price (down previously from $225.00) on shares of Littelfuse in a research report on Tuesday. StockNews.com cut Littelfuse from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. Finally, Baird R W lowered Littelfuse from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Littelfuse presently has a consensus rating of “Hold” and a consensus target price of $258.00.

Littelfuse Stock Down 1.9 %

Littelfuse stock opened at $152.38 on Thursday. Littelfuse, Inc. has a 52 week low of $142.10 and a 52 week high of $275.58. The stock has a market cap of $3.77 billion, a price-to-earnings ratio of 33.86, a PEG ratio of 2.24 and a beta of 1.30. The company’s 50-day moving average price is $207.84 and its two-hundred day moving average price is $232.21. The company has a current ratio of 3.61, a quick ratio of 2.62 and a debt-to-equity ratio of 0.32.

Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings data on Tuesday, January 28th. The technology company reported $2.04 EPS for the quarter, meeting 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 quarter last year, the firm earned $2.02 EPS. On average, analysts expect that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.

Littelfuse Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th were issued a $0.70 dividend. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $2.80 annualized dividend and a dividend yield of 1.84%. Littelfuse’s dividend payout ratio (DPR) is 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.