Federated Hermes Inc. Boosts Stock Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Federated Hermes Inc. grew its position in Littelfuse, Inc. (NASDAQ:LFUS) by 160.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 158,506 shares of the technology company’s stock after purchasing an additional 97,535 shares during the period. Federated Hermes Inc. owned about 0.64% of Littelfuse worth $42,410,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. VisionPoint Advisory Group LLC bought a new position in Littelfuse in the 3rd quarter valued at $27,000. Point72 Hong Kong Ltd purchased a new stake in Littelfuse in the 1st quarter worth about $33,000. Belpointe Asset Management LLC increased its holdings in Littelfuse by 96.7% in the 1st quarter. Belpointe Asset Management LLC now owns 181 shares of the technology company’s stock worth $49,000 after acquiring an additional 89 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Littelfuse by 33.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 201 shares of the technology company’s stock valued at $44,000 after acquiring an additional 50 shares during the period. Finally, Assetmark Inc. lifted its holdings in Littelfuse by 27.9% during the third quarter. Assetmark Inc. now owns 367 shares of the technology company’s stock valued at $91,000 after purchasing an additional 80 shares during the last quarter. 96.14% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, SVP Matthew Cole sold 916 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was 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 in the company, valued at $1,372,435.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, EVP Ryan K. Stafford sold 1,932 shares of the stock in a transaction 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 transaction, the executive vice president now 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 available through this link. Also, SVP Matthew Cole sold 916 shares of Littelfuse stock in a transaction on Monday, February 12th. The stock was sold at an average price of $248.18, for a total transaction of $227,332.88. Following the sale, the senior vice president now directly owns 5,530 shares of the company’s stock, valued at $1,372,435.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,370 shares of company stock worth $1,064,413. Corporate insiders own 2.30% of the company’s stock.

Littelfuse Stock Up 0.3 %

Shares of NASDAQ LFUS opened at $226.75 on Friday. The business has a 50-day simple moving average of $237.19 and a two-hundred day simple moving average of $239.74. Littelfuse, Inc. has a 52 week low of $212.80 and a 52 week high of $309.94. The company has a market cap of $5.65 billion, a P/E ratio of 21.93, a P/E/G ratio of 2.00 and a beta of 1.34. The company has a quick ratio of 2.49, a current ratio of 3.75 and a debt-to-equity ratio of 0.35.

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

Littelfuse Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Thursday, February 22nd were issued a $0.65 dividend. The ex-dividend date was Wednesday, February 21st. This represents a $2.60 annualized dividend and a dividend yield of 1.15%. Littelfuse’s payout ratio is currently 25.15%.

Wall Street Analyst Weigh In

LFUS has been the topic of several research reports. StockNews.com lowered shares of Littelfuse from a “buy” rating to a “hold” rating in a research report on Saturday, March 30th. Jefferies Financial Group started coverage on shares of Littelfuse in a report on Tuesday, April 9th. They set a “hold” rating and a $260.00 target price on the stock.

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.