Federated Hermes Inc. Raises Stake in Littelfuse, Inc. (NASDAQ:LFUS)

Federated Hermes Inc. increased its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 160.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 158,506 shares of the technology company’s stock after buying an additional 97,535 shares during the period. Federated Hermes Inc.’s holdings in Littelfuse were worth $42,410,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LFUS. VisionPoint Advisory Group LLC purchased a new stake in Littelfuse in the 3rd quarter valued at about $27,000. Point72 Hong Kong Ltd bought a new stake in shares of Littelfuse during the first quarter valued at approximately $33,000. Belpointe Asset Management LLC boosted its holdings in shares of Littelfuse by 96.7% in the first quarter. Belpointe Asset Management LLC now owns 181 shares of the technology company’s stock valued at $49,000 after purchasing an additional 89 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in Littelfuse by 33.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 201 shares of the technology company’s stock worth $44,000 after purchasing an additional 50 shares in the last quarter. Finally, Assetmark Inc. increased its holdings in Littelfuse by 27.9% during the 3rd quarter. Assetmark Inc. now owns 367 shares of the technology company’s stock worth $91,000 after purchasing an additional 80 shares during the period. Institutional investors own 96.14% of the company’s stock.

Littelfuse Stock Performance

Shares of LFUS stock opened at $226.75 on Friday. The firm has a market cap of $5.65 billion, a price-to-earnings ratio of 21.93, a PEG ratio of 2.00 and a beta of 1.34. Littelfuse, Inc. has a 52-week low of $212.80 and a 52-week high of $309.94. The company has a quick ratio of 2.49, a current ratio of 3.75 and a debt-to-equity ratio of 0.35. The company’s 50 day moving average is $237.19 and its 200 day moving average is $239.74.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings results on Tuesday, January 30th. The technology company reported $2.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.02. The business had revenue of $533.80 million for the quarter, compared to the consensus estimate of $535.76 million. Littelfuse had a return on equity of 12.35% and a net margin of 10.98%. The business’s revenue was down 12.9% compared to the same quarter last year. During the same period last year, the business posted $3.34 EPS. On average, sell-side analysts anticipate that Littelfuse, Inc. will post 9.44 EPS for the current fiscal year.

Littelfuse Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Thursday, February 22nd were paid a dividend of $0.65 per share. The ex-dividend date was Wednesday, February 21st. This represents a $2.60 annualized dividend and a dividend yield of 1.15%. Littelfuse’s dividend payout ratio (DPR) is presently 25.15%.

Insider Transactions at Littelfuse

In related news, EVP Ryan K. Stafford sold 1,932 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $243.62, for a total value of $470,673.84. Following the completion of the transaction, the executive vice president now directly owns 24,155 shares of the company’s stock, valued at approximately $5,884,641.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Littelfuse news, SVP Matthew Cole sold 916 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $248.18, for a total transaction of $227,332.88. Following the completion of the transaction, the senior vice president now directly owns 5,530 shares of the company’s stock, valued at approximately $1,372,435.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ryan K. Stafford sold 1,932 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $243.62, for a total transaction of $470,673.84. Following the completion of the sale, the executive vice president now directly owns 24,155 shares in the company, valued at $5,884,641.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,370 shares of company stock valued at $1,064,413. Corporate insiders own 2.30% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on LFUS shares. Jefferies Financial Group began coverage on Littelfuse in a report on Tuesday, April 9th. They issued a “hold” rating and a $260.00 target price for the company. StockNews.com downgraded Littelfuse from a “buy” rating to a “hold” rating in a report on Saturday, March 30th.

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.