Littelfuse, Inc. (NASDAQ:LFUS) Receives $285.00 Consensus Target Price from Brokerages

Littelfuse, Inc. (NASDAQ:LFUS) has earned an average rating of “Moderate Buy” from the seven research firms that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $285.00.

Several equities research analysts have recently commented on LFUS shares. TD Cowen raised their target price on shares of Littelfuse from $250.00 to $260.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. StockNews.com upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Benchmark reiterated a “hold” rating on shares of Littelfuse in a report on Wednesday, October 30th. Oppenheimer upgraded Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 target price for the company in a research note on Thursday, October 17th. Finally, Stifel Nicolaus raised Littelfuse from a “hold” rating to a “buy” rating and upped their price target for the stock from $270.00 to $280.00 in a research note on Tuesday, August 13th.

Insider Transactions at Littelfuse

In related news, SVP Matthew Cole sold 1,436 shares of Littelfuse stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $246.02, for a total value of $353,284.72. Following the completion of the sale, the senior vice president now directly owns 5,522 shares in the company, valued at approximately $1,358,522.44. This trade represents a 20.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David W. Heinzmann sold 2,091 shares of the company’s stock in a transaction dated 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 owns 59,654 shares in the company, valued at $16,383,971.10. This represents a 3.39 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,242 shares of company stock worth $3,318,974. Corporate insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Littelfuse

Institutional investors and hedge funds have recently modified their holdings of the company. Huntington National Bank increased its position in shares of Littelfuse by 200.0% during the 3rd quarter. Huntington National Bank now owns 96 shares of the technology company’s stock valued at $25,000 after purchasing an additional 64 shares during the last quarter. Truvestments Capital LLC bought a new stake in shares of Littelfuse during the 3rd quarter valued at $27,000. CWM LLC increased its stake in shares of Littelfuse by 410.7% in the 2nd quarter. CWM LLC now owns 143 shares of the technology company’s stock worth $37,000 after purchasing an additional 115 shares in the last quarter. UMB Bank n.a. raised its holdings in Littelfuse by 70.2% in the 3rd quarter. UMB Bank n.a. now owns 143 shares of the technology company’s stock worth $38,000 after purchasing an additional 59 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Littelfuse by 275.0% during the second quarter. GAMMA Investing LLC now owns 165 shares of the technology company’s stock valued at $42,000 after purchasing an additional 121 shares during the period. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

Littelfuse Price Performance

LFUS stock opened at $237.82 on Friday. The company has a current ratio of 3.55, a quick ratio of 2.52 and a debt-to-equity ratio of 0.31. The firm’s 50-day moving average price is $255.12 and its two-hundred day moving average price is $256.65. The stock has a market capitalization of $5.90 billion, a price-to-earnings ratio of 30.57, a PEG ratio of 2.37 and a beta of 1.28. Littelfuse has a 12-month low of $222.91 and a 12-month high of $275.58.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.62. The business had revenue of $567.39 million during the quarter, compared to analyst estimates of $557.38 million. Littelfuse had a return on equity of 8.49% and a net margin of 8.88%. Littelfuse’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.97 EPS. As a group, equities analysts predict that Littelfuse will post 8.47 earnings per share for the current year.

Littelfuse Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.18%. The ex-dividend date is Thursday, November 21st. Littelfuse’s dividend payout ratio (DPR) is 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.