Analysts Set Littelfuse, Inc. (NASDAQ:LFUS) Price Target at $285.00

Littelfuse, Inc. (NASDAQ:LFUS) has earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $285.00.

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

Littelfuse Stock Performance

NASDAQ:LFUS opened at $238.87 on Friday. The stock’s 50-day moving average is $254.82 and its 200-day moving average is $256.46. Littelfuse has a 1-year low of $222.91 and a 1-year high of $275.58. 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 stock has a market cap of $5.93 billion, a P/E ratio of 30.58, a price-to-earnings-growth ratio of 2.34 and a beta of 1.28.

Littelfuse (NASDAQ:LFUS) last posted its earnings results on Tuesday, October 29th. The technology company reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.62. The firm 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 for the quarter was down 6.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.97 EPS. Equities research analysts anticipate that Littelfuse will post 8.47 earnings per share for the current year.

Littelfuse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date is Thursday, November 21st. Littelfuse’s payout ratio is 35.99%.

Insider Activity

In other news, SVP Matthew Cole sold 1,436 shares of the company’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 transaction of $353,284.72. Following the transaction, the senior vice president now directly owns 5,522 shares of the company’s stock, valued at $1,358,522.44. This represents a 20.64 % 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, CEO David W. Heinzmann sold 2,091 shares of Littelfuse stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 59,654 shares of the company’s stock, valued at approximately $16,383,971.10. The trade was a 3.39 % decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of LFUS. Pathstone Holdings LLC raised its stake in shares of Littelfuse by 0.6% in the third quarter. Pathstone Holdings LLC now owns 6,522 shares of the technology company’s stock worth $1,730,000 after purchasing an additional 40 shares during the last quarter. Assetmark Inc. lifted its stake in Littelfuse by 6.5% during the 3rd quarter. Assetmark Inc. now owns 719 shares of the technology company’s stock valued at $191,000 after acquiring an additional 44 shares in the last quarter. US Bancorp DE boosted its holdings in Littelfuse by 1.4% during the 3rd quarter. US Bancorp DE now owns 3,436 shares of the technology company’s stock worth $911,000 after acquiring an additional 49 shares during the last quarter. Rathbones Group PLC boosted its holdings in Littelfuse by 0.3% during the 2nd quarter. Rathbones Group PLC now owns 16,624 shares of the technology company’s stock worth $4,249,000 after acquiring an additional 52 shares during the last quarter. Finally, Covestor Ltd grew its stake in shares of Littelfuse by 28.5% in the 1st quarter. Covestor Ltd now owns 239 shares of the technology company’s stock worth $58,000 after acquiring an additional 53 shares in the last quarter. Institutional investors and hedge funds 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.