Quantbot Technologies LP Takes $767,000 Position in Littelfuse, Inc. (NASDAQ:LFUS)

Quantbot Technologies LP bought a new position in Littelfuse, Inc. (NASDAQ:LFUS) during the fourth quarter, HoldingsChannel reports. The fund bought 3,254 shares of the technology company’s stock, valued at approximately $767,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new stake in Littelfuse in the fourth quarter worth about $32,865,000. Verition Fund Management LLC purchased a new stake in Littelfuse in the 3rd quarter worth approximately $14,480,000. Thrivent Financial for Lutherans raised its stake in Littelfuse by 13.5% during the 4th quarter. Thrivent Financial for Lutherans now owns 315,741 shares of the technology company’s stock worth $74,405,000 after acquiring an additional 37,583 shares during the period. Harvey Partners LLC raised its stake in Littelfuse by 39.5% during the 3rd quarter. Harvey Partners LLC now owns 132,500 shares of the technology company’s stock worth $35,146,000 after acquiring an additional 37,500 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Littelfuse by 26.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 129,836 shares of the technology company’s stock valued at $30,473,000 after purchasing an additional 26,975 shares in the last quarter. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

Littelfuse Stock Performance

Shares of NASDAQ LFUS opened at $211.73 on Thursday. The company has a market cap of $5.23 billion, a P/E ratio of 47.05, a P/E/G ratio of 2.24 and a beta of 1.27. Littelfuse, Inc. has a 52-week low of $201.97 and a 52-week high of $275.58. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.62 and a current ratio of 3.61. The firm’s fifty day moving average is $229.70 and its two-hundred day moving average is $242.08.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings data on Tuesday, January 28th. The technology company reported $2.04 earnings per share 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 quarter last year, the business earned $2.02 earnings per share. As a group, analysts anticipate that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.

Littelfuse Dividend Announcement

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 dividend of $0.70 per share. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $2.80 annualized dividend and a dividend yield of 1.32%. Littelfuse’s dividend payout ratio (DPR) is 62.22%.

Wall Street Analyst Weigh In

Several analysts have recently commented on LFUS shares. Benchmark restated a “hold” rating on shares of Littelfuse in a research report on Wednesday, January 29th. StockNews.com cut Littelfuse from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Robert W. Baird lowered their price objective on Littelfuse from $300.00 to $290.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, 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.