Littelfuse (NASDAQ:LFUS) Now Covered by StockNews.com

StockNews.com started coverage on shares of Littelfuse (NASDAQ:LFUS – Get Rating) in a report issued on Thursday morning. The brokerage issued a hold rating on the technology company’s stock.

Several other research analysts have also commented on LFUS. Robert W. Baird boosted their price objective on shares of Littelfuse from $258.00 to $270.00 in a research note on Friday, February 3rd. Jefferies Financial Group upped their price target on Littelfuse from $254.00 to $295.00 in a research report on Tuesday, November 22nd. Six investment analysts have rated the stock with a hold rating, According to MarketBeat, the company has a consensus rating of Hold and an average target price of $246.20.

Littelfuse Stock Down 2.3 %

LFUS stock traded down $6.05 during trading on Thursday, hitting $251.52. 184,013 shares of the company’s stock traded hands, compared to its average volume of 74,555. The business has a fifty day simple moving average of $258.61 and a two-hundred day simple moving average of $234.72. The company has a quick ratio of 1.68, a current ratio of 2.64 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $6.23 billion, a P/E ratio of 16.84, a PEG ratio of 1.71 and a beta of 1.26. Littelfuse has a 1 year low of $192.19 and a 1 year high of $281.78.

Littelfuse (NASDAQ:LFUS – Get Rating) last announced its quarterly earnings results on Wednesday, February 1st. The technology company reported $3.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.24 by $0.10. Littelfuse had a return on equity of 20.18% and a net margin of 14.85%. The business had revenue of $613.25 million for the quarter, compared to the consensus estimate of $613.85 million. During the same period last year, the business posted $3.16 EPS. The business’s revenue was up 10.9% compared to the same quarter last year. Sell-side analysts anticipate that Littelfuse will post 12.55 EPS for the current year.

Littelfuse Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 9th. Investors of record on Thursday, February 23rd were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend was Wednesday, February 22nd. Littelfuse’s dividend payout ratio (DPR) is presently 16.06%.

Insider Buying and Selling at Littelfuse

In other news, CFO Meenal Sethna sold 3,478 shares of Littelfuse stock in a transaction on Monday, January 23rd. The shares were sold at an average price of $251.40, for a total transaction of $874,369.20. Following the completion of the sale, the chief financial officer now directly owns 17,717 shares in the company, valued at $4,454,053.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Meenal Sethna sold 3,478 shares of the stock in a transaction dated Monday, January 23rd. The stock was sold at an average price of $251.40, for a total value of $874,369.20. Following the transaction, the chief financial officer now directly owns 17,717 shares of the company’s stock, valued at $4,454,053.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Matthew Cole sold 835 shares of Littelfuse stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $267.64, for a total value of $223,479.40. Following the sale, the senior vice president now directly owns 4,989 shares of the company’s stock, valued at approximately $1,335,255.96. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,513 shares of company stock worth $1,415,081. 2.40% of the stock is owned by corporate insiders.

Institutional Trading of Littelfuse

Hedge funds and other institutional investors have recently made changes to their positions in the business. Townsquare Capital LLC lifted its position in Littelfuse by 1.7% during the fourth quarter. Townsquare Capital LLC now owns 2,394 shares of the technology company’s stock valued at $527,000 after purchasing an additional 40 shares during the period. Commerce Bank lifted its holdings in shares of Littelfuse by 2.1% in the 4th quarter. Commerce Bank now owns 2,032 shares of the technology company’s stock valued at $447,000 after buying an additional 41 shares during the period. Brinker Capital Investments LLC boosted its stake in shares of Littelfuse by 0.9% in the third quarter. Brinker Capital Investments LLC now owns 5,252 shares of the technology company’s stock worth $1,044,000 after buying an additional 46 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in Littelfuse by 0.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 7,282 shares of the technology company’s stock worth $1,603,000 after acquiring an additional 50 shares during the period. Finally, Laffer Tengler Investments raised its position in Littelfuse by 4.5% during the fourth quarter. Laffer Tengler Investments now owns 1,151 shares of the technology company’s stock valued at $253,000 after acquiring an additional 50 shares in the last quarter. Institutional investors and hedge funds own 94.69% of the company’s stock.

Littelfuse Company Profile

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Littelfuse, Inc engages in the manufacture of technologies in circuit protection, power control and sensing. It operates through the following segments: Electronics, Transportation, and Industrial. The Electronics segment covers a broad range of end markets, including industrial motor drives and power conversion, automotive electronics, electric vehicle and related infrastructure, power supplies, data centers and telecommunications, medical devices, alternative energy and energy storage, building and home automation, appliances, and mobile electronics.