Mendel Money Management Trims Stake in Littelfuse, Inc. (NASDAQ:LFUS)

Mendel Money Management reduced its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 5.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 12,974 shares of the technology company’s stock after selling 746 shares during the quarter. Littelfuse accounts for 1.4% of Mendel Money Management’s portfolio, making the stock its 25th largest position. Mendel Money Management’s holdings in Littelfuse were worth $3,057,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. acquired a new position in shares of Littelfuse in the fourth quarter valued at approximately $32,865,000. Verition Fund Management LLC purchased a new stake in Littelfuse during the 3rd quarter worth about $14,480,000. Vanguard Group Inc. boosted its holdings in Littelfuse by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 2,807,162 shares of the technology company’s stock valued at $661,508,000 after purchasing an additional 40,423 shares in the last quarter. Thrivent Financial for Lutherans grew its position in shares of Littelfuse by 13.5% in the 4th quarter. Thrivent Financial for Lutherans now owns 315,741 shares of the technology company’s stock valued at $74,405,000 after buying an additional 37,583 shares during the last quarter. Finally, Harvey Partners LLC grew its holdings in shares of Littelfuse by 39.5% during the third quarter. Harvey Partners LLC now owns 132,500 shares of the technology company’s stock worth $35,146,000 after purchasing an additional 37,500 shares during the last quarter. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

Littelfuse Stock Down 0.2 %

LFUS stock opened at $216.46 on Wednesday. Littelfuse, Inc. has a one year low of $201.97 and a one year high of $275.58. The stock has a market capitalization of $5.35 billion, a P/E ratio of 48.10, a PEG ratio of 2.24 and a beta of 1.27. The company has a 50 day moving average price of $230.09 and a two-hundred day moving average price of $242.30. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.62 and a current ratio of 3.61.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings results 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 net margin of 5.16% and a return on equity of 8.55%. During the same period last year, the firm posted $2.02 EPS. As a group, sell-side analysts expect that Littelfuse, Inc. will post 9.49 EPS for the current year.

Littelfuse Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend was Thursday, February 20th. Littelfuse’s dividend payout ratio is presently 62.22%.

Analyst Ratings Changes

LFUS has been the subject of several research reports. StockNews.com upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a research report on Wednesday, March 19th. Benchmark restated a “hold” rating on shares of Littelfuse in a research report on Wednesday, January 29th. Finally, Robert W. Baird dropped their price objective on Littelfuse from $300.00 to $290.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Littelfuse currently has an average rating of “Moderate Buy” and a consensus price target of $280.00.

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.