Littelfuse, Inc. (NASDAQ:LFUS) Receives Average Recommendation of “Moderate Buy” from Brokerages

Littelfuse, Inc. (NASDAQ:LFUS) has received a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $285.00.

A number of research firms have recently commented on LFUS. StockNews.com upgraded Littelfuse from a “hold” rating to a “buy” rating in a report on Friday, October 18th. TD Cowen raised their price objective on shares of Littelfuse from $250.00 to $260.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Oppenheimer upgraded shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price objective for the company in a research report on Thursday, October 17th. Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a research report on Wednesday, October 30th. Finally, Robert W. Baird boosted their price target on shares of Littelfuse from $300.00 to $315.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th.

Insider Transactions at Littelfuse

In related news, CEO David W. Heinzmann sold 2,091 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $274.65, for a total transaction of $574,293.15. Following the completion of the sale, the chief executive officer now directly owns 59,654 shares of the company’s stock, valued at $16,383,971.10. This trade represents a 3.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Matthew Cole sold 1,436 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $246.02, for a total transaction of $353,284.72. Following the completion of the transaction, the senior vice president now directly owns 5,522 shares in the company, valued at $1,358,522.44. This represents a 20.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Littelfuse

Hedge funds have recently added to or reduced their stakes in the company. Sei Investments Co. lifted its holdings in shares of Littelfuse by 8.9% in the 1st quarter. Sei Investments Co. now owns 40,897 shares of the technology company’s stock valued at $9,910,000 after buying an additional 3,343 shares during the period. Vanguard Group Inc. lifted its holdings in Littelfuse by 0.6% in the first quarter. Vanguard Group Inc. now owns 2,679,767 shares of the technology company’s stock valued at $649,442,000 after acquiring an additional 17,119 shares during the period. Edgestream Partners L.P. purchased a new stake in shares of Littelfuse during the 1st quarter worth $2,454,000. Covestor Ltd grew its stake in shares of Littelfuse by 28.5% during the 1st quarter. Covestor Ltd now owns 239 shares of the technology company’s stock worth $58,000 after purchasing an additional 53 shares during the period. Finally, Bahl & Gaynor Inc. increased its holdings in shares of Littelfuse by 2.0% in the 1st quarter. Bahl & Gaynor Inc. now owns 13,030 shares of the technology company’s stock valued at $3,158,000 after purchasing an additional 253 shares in the last quarter. Institutional investors and hedge funds own 96.14% of the company’s stock.

Littelfuse Stock Performance

Shares of Littelfuse stock opened at $243.82 on Friday. The business has a 50-day simple moving average of $254.58 and a 200-day simple moving average of $256.27. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.52 and a current ratio of 3.55. Littelfuse has a one year low of $222.91 and a one year high of $275.58. The company has a market cap of $6.05 billion, a PE ratio of 31.34, a P/E/G ratio of 2.35 and a beta of 1.28.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.09 by $0.62. The business had revenue of $567.39 million for the quarter, compared to analyst estimates of $557.38 million. Littelfuse had a net margin of 8.88% and a return on equity of 8.49%. The company’s revenue was down 6.5% on a year-over-year basis. During the same period last year, the business earned $2.97 EPS. On average, equities research analysts forecast that Littelfuse will post 8.47 EPS for the current fiscal year.

Littelfuse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be paid a $0.70 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.80 dividend on an annualized basis and a yield of 1.15%. Littelfuse’s dividend payout ratio is presently 35.99%.

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.