Brokerages Set Littelfuse, Inc. (NASDAQ:LFUS) Target Price at $280.00

Littelfuse, Inc. (NASDAQ:LFUS) has been assigned an average recommendation of “Moderate Buy” from the seven analysts that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $280.00.

Several research firms have weighed in on LFUS. Oppenheimer upgraded Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price target for the company in a report on Thursday, October 17th. Robert W. Baird dropped their target price on Littelfuse from $300.00 to $290.00 and set an “outperform” rating for the company in a research report on Thursday. StockNews.com upgraded Littelfuse from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Finally, Benchmark reiterated a “hold” rating on shares of Littelfuse in a research report on Wednesday, January 29th.

Littelfuse Stock Down 2.0 %

LFUS opened at $238.36 on Friday. Littelfuse has a fifty-two week low of $222.73 and a fifty-two week high of $275.58. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.55 and a quick ratio of 2.52. The company’s 50-day moving average is $239.61 and its 200 day moving average is $250.06. The firm has a market capitalization of $5.92 billion, a P/E ratio of 52.97, a PEG ratio of 1.92 and a beta of 1.26.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings data on Tuesday, January 28th. The technology company reported $2.04 EPS for the quarter, meeting analysts’ consensus estimates of $2.04. Littelfuse had a net margin of 5.16% and a return on equity of 8.48%. During the same period last year, the company earned $2.02 earnings per share. Research analysts expect that Littelfuse will post 10.19 earnings per share for the current fiscal year.

Littelfuse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th will be issued a dividend of $0.70 per share. The ex-dividend date is Thursday, February 20th. This represents a $2.80 annualized dividend and a yield of 1.17%. Littelfuse’s dividend payout ratio is presently 62.22%.

Insider Buying and Selling

In other news, CAO Jeffrey G. Gorski sold 700 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $249.02, for a total value of $174,314.00. Following the sale, the chief accounting officer now owns 3,105 shares of the company’s stock, valued at approximately $773,207.10. The trade was a 18.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.30% of the stock is currently owned by company insiders.

Institutional Trading of Littelfuse

A number of hedge funds have recently made changes to their positions in LFUS. Bank of Jackson Hole Trust bought a new position in shares of Littelfuse in the 4th quarter valued at approximately $40,000. New York State Common Retirement Fund increased its holdings in shares of Littelfuse by 0.7% during the 4th quarter. New York State Common Retirement Fund now owns 142,197 shares of the technology company’s stock worth $33,509,000 after purchasing an additional 1,040 shares during the period. Atria Wealth Solutions Inc. grew its position in Littelfuse by 5.5% during the fourth quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company’s stock worth $225,000 after buying an additional 50 shares in the last quarter. Venturi Wealth Management LLC increased its position in shares of Littelfuse by 2,746.7% during the fourth quarter. Venturi Wealth Management LLC now owns 427 shares of the technology company’s stock valued at $101,000 after purchasing an additional 412 shares during the period. Finally, Rhumbline Advisers raised its stake in shares of Littelfuse by 2.9% in the fourth quarter. Rhumbline Advisers now owns 69,322 shares of the technology company’s stock valued at $16,336,000 after purchasing an additional 1,979 shares in the last quarter. 96.14% of the stock is owned by hedge funds and other institutional investors.

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.