Littelfuse, Inc. (NASDAQ:LFUS) Shares Acquired by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC grew its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 6.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 193,719 shares of the technology company’s stock after acquiring an additional 10,972 shares during the quarter. Lord Abbett & CO. LLC owned about 0.78% of Littelfuse worth $51,384,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Huntington National Bank lifted its stake in shares of Littelfuse by 200.0% during the third quarter. Huntington National Bank now owns 96 shares of the technology company’s stock worth $25,000 after buying an additional 64 shares during the period. Truvestments Capital LLC acquired a new position in shares of Littelfuse in the third quarter valued at about $27,000. CWM LLC lifted its holdings in shares of Littelfuse by 410.7% during the second quarter. CWM LLC now owns 143 shares of the technology company’s stock worth $37,000 after purchasing an additional 115 shares during the period. UMB Bank n.a. boosted its position in Littelfuse by 70.2% in the third quarter. UMB Bank n.a. now owns 143 shares of the technology company’s stock valued at $38,000 after buying an additional 59 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in Littelfuse in the 3rd quarter worth approximately $53,000. 96.14% of the stock is owned by hedge funds and other institutional investors.

Littelfuse Price Performance

Shares of NASDAQ LFUS opened at $246.30 on Friday. Littelfuse, Inc. has a 52 week low of $222.91 and a 52 week high of $275.58. The stock has a market capitalization of $6.11 billion, a price-to-earnings ratio of 31.66, a price-to-earnings-growth ratio of 2.48 and a beta of 1.26. The company has a quick ratio of 2.52, a current ratio of 3.55 and a debt-to-equity ratio of 0.31. The firm has a 50-day simple moving average of $251.16 and a 200-day simple moving average of $255.26.

Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.09 by $0.62. The business had revenue of $567.39 million during the quarter, compared to analyst estimates of $557.38 million. Littelfuse had a return on equity of 8.49% and a net margin of 8.88%. The business’s revenue was down 6.5% compared to the same quarter last year. During the same period in the prior year, the business earned $2.97 earnings per share. On average, equities analysts predict that Littelfuse, Inc. will post 8.47 earnings per share for the current fiscal year.

Littelfuse Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date was Thursday, November 21st. Littelfuse’s dividend payout ratio is currently 35.99%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on LFUS shares. Oppenheimer raised shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 target price for the company in a report on Thursday, October 17th. Robert W. Baird boosted their price target on Littelfuse from $300.00 to $315.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. StockNews.com upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Finally, Benchmark reiterated a “hold” rating on shares of Littelfuse in a research report on Wednesday, October 30th. Three 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 company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $285.00.

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.