Mendel Money Management Decreases Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Mendel Money Management reduced its position in Littelfuse, Inc. (NASDAQ:LFUS) by 5.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,974 shares of the technology company’s stock after selling 746 shares during the quarter. Littelfuse comprises approximately 1.4% of Mendel Money Management’s investment portfolio, making the stock its 25th biggest holding. Mendel Money Management owned about 0.05% of Littelfuse worth $3,057,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in Littelfuse during the 4th quarter worth $32,865,000. Verition Fund Management LLC purchased a new position in shares of Littelfuse in the 3rd quarter valued at approximately $14,480,000. Vanguard Group Inc. boosted its stake in Littelfuse by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 2,807,162 shares of the technology company’s stock worth $661,508,000 after purchasing an additional 40,423 shares in the last quarter. Thrivent Financial for Lutherans grew its position 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 purchasing an additional 37,583 shares during the last quarter. Finally, Harvey Partners LLC increased 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 valued at $35,146,000 after purchasing an additional 37,500 shares in the last quarter. 96.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LFUS has been the topic of a number of research analyst reports. StockNews.com raised shares of Littelfuse from a “hold” rating to a “buy” rating in a report on Wednesday, March 19th. Robert W. Baird reduced 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. Finally, Benchmark reiterated a “hold” rating on shares of Littelfuse in a research report on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $280.00.

Littelfuse Price Performance

NASDAQ:LFUS opened at $216.46 on Wednesday. The company has a 50 day moving average price of $230.09 and a 200-day moving average price of $242.30. Littelfuse, Inc. has a 1-year low of $201.97 and a 1-year high of $275.58. The firm has a market cap of $5.35 billion, a price-to-earnings ratio of 48.10, a price-to-earnings-growth ratio of 2.24 and a beta of 1.27. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.61 and a quick ratio of 2.62.

Littelfuse (NASDAQ:LFUS) last announced its earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 business earned $2.02 EPS. Equities research analysts forecast that Littelfuse, Inc. will post 9.49 EPS for the current year.

Littelfuse Announces Dividend

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

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.