Shares of Littelfuse, Inc. (NASDAQ:LFUS) have earned an average recommendation of “Hold” from the ten analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have given a hold rating, one has given a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $224.00.
Several equities analysts have commented on the stock. BidaskClub upgraded shares of Littelfuse from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 23rd. TheStreet upgraded shares of Littelfuse from a “c+” rating to a “b” rating in a report on Monday, November 2nd. Zacks Investment Research upgraded shares of Littelfuse from a “hold” rating to a “strong-buy” rating and set a $289.00 target price for the company in a report on Thursday, December 24th. Finally, Robert W. Baird restated an “outperform” rating and issued a $218.00 target price on shares of Littelfuse in a report on Monday, October 19th.
LFUS stock opened at $254.66 on Friday. Littelfuse has a 52 week low of $103.63 and a 52 week high of $256.49. The company has a quick ratio of 3.86, a current ratio of 4.90 and a debt-to-equity ratio of 0.47. The company has a fifty day simple moving average of $242.22 and a two-hundred day simple moving average of $196.41. The firm has a market capitalization of $6.21 billion, a P/E ratio of 67.02, a price-to-earnings-growth ratio of 3.67 and a beta of 1.17.
The company also recently announced a quarterly dividend, which was paid on Thursday, December 3rd. Stockholders of record on Thursday, November 19th were issued a $0.48 dividend. The ex-dividend date of this dividend was Wednesday, November 18th. This represents a $1.92 annualized dividend and a dividend yield of 0.75%. Littelfuse’s dividend payout ratio (DPR) is presently 28.15%.
In other Littelfuse news, CFO Meenal Sethna sold 2,440 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $206.05, for a total transaction of $502,762.00. Also, Director Nathan Zommer sold 10,000 shares of the firm’s stock in a transaction dated Thursday, December 10th. The shares were sold at an average price of $244.27, for a total transaction of $2,442,700.00. Following the transaction, the director now directly owns 281,792 shares in the company, valued at approximately $68,833,331.84. The disclosure for this sale can be found here. Insiders sold a total of 95,426 shares of company stock worth $21,189,419 in the last ninety days. 3.20% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership purchased a new position in Littelfuse during the 3rd quarter valued at about $2,430,000. Voloridge Investment Management LLC increased its position in Littelfuse by 38.3% during the 3rd quarter. Voloridge Investment Management LLC now owns 2,529 shares of the technology company’s stock valued at $448,000 after purchasing an additional 700 shares during the period. Paloma Partners Management Co purchased a new position in Littelfuse during the 3rd quarter valued at about $379,000. Thrivent Financial for Lutherans increased its position in Littelfuse by 1.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 142,471 shares of the technology company’s stock valued at $25,265,000 after purchasing an additional 1,403 shares during the period. Finally, AlphaCrest Capital Management LLC purchased a new position in Littelfuse during the 2nd quarter valued at about $260,000. 90.91% of the stock is currently owned by institutional investors and hedge funds.
Littelfuse Company Profile
Littelfuse, Inc manufactures and sells circuit protection, power control, and sensing products in the Asia-Pacific, the Americas, and Europe. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, solid state relays, polymer electrostatic discharge suppressors, varistors, magnetic sensing products, gas discharge tubes, and position, fluid, and temperature sensors; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, metal-oxide-semiconductor field-effect transistors, integrated circuits, silicon carbide diodes, and insulated gate bipolar transistors.
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