Analysts Set Littelfuse, Inc. (NASDAQ:LFUS) Price Target at $278.75

Littelfuse, Inc. (NASDAQ:LFUS) has received a consensus rating of “Moderate Buy” from the six brokerages that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $278.75.

Several research firms have weighed in on LFUS. Stifel Nicolaus upgraded Littelfuse from a “hold” rating to a “buy” rating and increased their price objective for the stock from $270.00 to $280.00 in a report on Tuesday, August 13th. Robert W. Baird raised their price target on Littelfuse from $300.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. StockNews.com raised shares of Littelfuse from a “hold” rating to a “buy” rating in a research report on Wednesday, September 25th. Finally, TD Cowen upped 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.

Insider Buying and Selling at Littelfuse

In other news, CEO David W. Heinzmann sold 3,786 shares of the company’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 sale, the chief executive officer now directly owns 59,654 shares of the company’s stock, valued at approximately $16,340,423.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO David W. Heinzmann sold 3,786 shares of Littelfuse stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $273.92, for a total transaction of $1,037,061.12. Following the completion of the transaction, the chief executive officer now directly owns 59,654 shares in the company, valued at $16,340,423.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Matthew Cole sold 1,436 shares of the business’s stock in a transaction that occurred on 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 $1,358,522.44. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,328 shares of company stock valued at $4,437,986. 2.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Littelfuse

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Littelfuse by 0.6% during 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 in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Littelfuse by 13.2% in the 2nd quarter. Victory Capital Management Inc. now owns 501,504 shares of the technology company’s stock worth $128,179,000 after purchasing an additional 58,529 shares in the last quarter. Earnest Partners LLC increased its holdings in shares of Littelfuse by 2.4% in the 2nd quarter. Earnest Partners LLC now owns 444,654 shares of the technology company’s stock worth $113,649,000 after purchasing an additional 10,406 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Littelfuse by 13.4% in the second quarter. Dimensional Fund Advisors LP now owns 419,586 shares of the technology company’s stock worth $107,244,000 after purchasing an additional 49,588 shares during the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. bought a new position in shares of Littelfuse during the second quarter valued at $100,662,000. 96.14% of the stock is currently owned by institutional investors.

Littelfuse Trading Up 0.4 %

NASDAQ:LFUS opened at $265.25 on Friday. The firm has a market capitalization of $6.57 billion, a P/E ratio of 30.22, a P/E/G ratio of 2.65 and a beta of 1.28. 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 company has a fifty day moving average of $257.31 and a 200 day moving average of $251.22. Littelfuse has a 52 week low of $212.80 and a 52 week high of $275.58.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings data on Tuesday, July 30th. The technology company reported $1.97 EPS for the quarter, beating the consensus estimate of $1.75 by $0.22. The firm had revenue of $558.49 million during 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 company’s quarterly revenue was down 8.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.12 earnings per share. On average, research analysts predict that Littelfuse will post 8.18 earnings per share for the current year.

Littelfuse Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 22nd were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.06%. This is a boost from Littelfuse’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend was Thursday, August 22nd. Littelfuse’s dividend payout ratio is presently 32.07%.

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.