Littelfuse (NASDAQ:LFUS) PT Raised to $315.00

Littelfuse (NASDAQ:LFUS) had its price objective hoisted by Robert W. Baird from $300.00 to $315.00 in a research report sent to investors on Thursday, Benzinga reports. The firm currently has an outperform rating on the technology company’s stock.

Other equities analysts also recently issued research reports about the company. Baird R W raised Littelfuse from a hold rating to a strong-buy rating in a research report on Friday, May 17th. Benchmark reissued a hold rating on shares of Littelfuse in a report on Thursday, May 2nd. TD Cowen raised their price target on Littelfuse from $250.00 to $260.00 and gave the company a hold rating in a report on Thursday, August 1st. Finally, Stifel Nicolaus upgraded shares of Littelfuse from a hold rating to a buy rating and upped their price objective for the company from $270.00 to $280.00 in a report on Tuesday, August 13th. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Littelfuse currently has a consensus rating of Moderate Buy and an average price target of $278.75.

Littelfuse Stock Up 1.0 %

LFUS stock opened at $272.20 on Thursday. Littelfuse has a twelve month low of $212.80 and a twelve month high of $275.58. The company has a market cap of $6.75 billion, a price-to-earnings ratio of 31.18, a P/E/G ratio of 2.77 and a beta of 1.29. The company has a quick ratio of 2.42, a current ratio of 3.50 and a debt-to-equity ratio of 0.32. The business has a 50 day moving average price of $258.28 and a two-hundred day moving average price of $248.96.

Littelfuse (NASDAQ:LFUS) last issued its earnings results on Tuesday, July 30th. The technology company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.22. The business had revenue of $558.49 million for the quarter, compared to the consensus estimate of $540.35 million. Littelfuse had a net margin of 8.71% and a return on equity of 8.91%. The firm’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same period in the previous year, the company earned $3.12 earnings per share. Analysts anticipate that Littelfuse will post 8.18 EPS for the current fiscal year.

Littelfuse Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 22nd will be paid a $0.70 dividend. The ex-dividend date of this dividend is Thursday, August 22nd. This is an increase from Littelfuse’s previous quarterly dividend of $0.65. This represents a $2.80 annualized dividend and a yield of 1.03%. Littelfuse’s payout ratio is 32.07%.

Insider Buying and Selling at Littelfuse

In other news, CEO David W. Heinzmann sold 3,786 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $273.92, for a total value of $1,037,061.12. Following the completion of the sale, the chief executive officer now owns 59,654 shares of the company’s stock, valued at $16,340,423.68. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO David W. Heinzmann sold 2,091 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $274.65, for a total transaction of $574,293.15. Following the transaction, the chief executive officer now directly owns 59,654 shares of the company’s stock, valued at $16,383,971.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David W. Heinzmann sold 3,786 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $273.92, for a total value of $1,037,061.12. Following the completion of the sale, the chief executive officer now owns 59,654 shares of the company’s stock, valued at $16,340,423.68. The disclosure for this sale can be found here. Insiders have sold a total of 14,892 shares of company stock valued at $4,084,701 in the last ninety days. 2.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Littelfuse

Hedge funds have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of Littelfuse during the 4th quarter worth $150,004,000. Van Lanschot Kempen Investment Management N.V. acquired a new stake in Littelfuse during the second quarter worth about $100,662,000. Westwood Holdings Group Inc. increased its holdings in Littelfuse by 223.8% in the 1st quarter. Westwood Holdings Group Inc. now owns 313,927 shares of the technology company’s stock valued at $76,080,000 after buying an additional 216,985 shares during the period. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Littelfuse in the 2nd quarter valued at approximately $46,037,000. Finally, Lord Abbett & CO. LLC lifted its holdings in shares of Littelfuse by 88.8% during the 1st quarter. Lord Abbett & CO. LLC now owns 166,195 shares of the technology company’s stock worth $40,278,000 after acquiring an additional 78,153 shares during the period. Institutional investors own 96.14% of the company’s stock.

Littelfuse Company 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.