Envestnet Portfolio Solutions Inc. Grows Position in Littelfuse, Inc. (NASDAQ:LFUS)

Envestnet Portfolio Solutions Inc. lifted its position in Littelfuse, Inc. (NASDAQ:LFUS) by 6.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,673 shares of the technology company’s stock after acquiring an additional 156 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Littelfuse were worth $630,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Commonwealth Equity Services LLC grew its position in Littelfuse by 10.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 1,323 shares of the technology company’s stock worth $312,000 after purchasing an additional 120 shares in the last quarter. Swiss National Bank grew its holdings in shares of Littelfuse by 0.6% in the fourth quarter. Swiss National Bank now owns 48,748 shares of the technology company’s stock valued at $11,487,000 after acquiring an additional 300 shares in the last quarter. HighTower Advisors LLC increased its position in shares of Littelfuse by 31.1% during the fourth quarter. HighTower Advisors LLC now owns 4,139 shares of the technology company’s stock valued at $975,000 after acquiring an additional 981 shares during the last quarter. Johnson Investment Counsel Inc. lifted its holdings in Littelfuse by 23.7% during the fourth quarter. Johnson Investment Counsel Inc. now owns 13,338 shares of the technology company’s stock worth $3,143,000 after acquiring an additional 2,553 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Littelfuse by 13.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,209 shares of the technology company’s stock worth $1,463,000 after purchasing an additional 714 shares during the last quarter. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LFUS. Robert W. Baird lowered their target price on Littelfuse from $300.00 to $290.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. StockNews.com upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a research note on Wednesday, March 19th. Finally, Benchmark restated a “hold” rating on shares of Littelfuse in a research note on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $280.00.

Littelfuse Price Performance

LFUS opened at $216.85 on Tuesday. The firm has a 50-day moving average price of $230.37 and a 200-day moving average price of $242.54. Littelfuse, Inc. has a twelve month low of $201.97 and a twelve month high of $275.58. The company has a quick ratio of 2.62, a current ratio of 3.61 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $5.36 billion, a price-to-earnings ratio of 48.19, a PEG ratio of 2.24 and a beta of 1.27.

Littelfuse (NASDAQ:LFUS) last released 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 net margin of 5.16% and a return on equity of 8.55%. During the same period last year, the business posted $2.02 earnings per share. Equities analysts expect that Littelfuse, Inc. will post 9.49 EPS for the current year.

Littelfuse Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th were paid a $0.70 dividend. 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 currently 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.