Littelfuse (NASDAQ:LFUS) Given New $270.00 Price Target at Stifel Nicolaus

Littelfuse (NASDAQ:LFUS) had its price objective boosted by Stifel Nicolaus from $250.00 to $270.00 in a research note issued to investors on Thursday morning, Benzinga reports. They currently have a hold rating on the technology company’s stock.

Several other equities analysts have also recently issued reports on LFUS. Jefferies Financial Group began coverage on Littelfuse in a research report on Tuesday, April 9th. They issued a hold rating and a $260.00 price target on the stock. Benchmark reissued a hold rating on shares of Littelfuse in a research note on Thursday, May 2nd. TD Cowen boosted their price target on Littelfuse from $250.00 to $260.00 and gave the stock a hold rating in a research note on Thursday. Robert W. Baird raised Littelfuse from a neutral rating to an outperform rating and boosted their price target for the stock from $270.00 to $300.00 in a research note on Friday, May 17th. Finally, Baird R W raised Littelfuse from a hold rating to a strong-buy rating in a research note on Friday, May 17th. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Littelfuse has an average rating of Hold and a consensus target price of $272.50.

Littelfuse Stock Performance

Shares of LFUS traded down $11.61 during midday trading on Thursday, reaching $247.10. 87,203 shares of the stock were exchanged, compared to its average volume of 138,120. The company has a market capitalization of $6.12 billion, a price-to-earnings ratio of 28.14, a PEG ratio of 2.63 and a beta of 1.29. Littelfuse has a twelve month low of $212.80 and a twelve month high of $275.58. The business’s 50-day moving average price is $258.15 and its 200 day moving average price is $246.44. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.57 and a quick ratio of 2.44.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings results on Tuesday, July 30th. The technology company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.22. The firm had revenue of $558.49 million for the quarter, compared to analysts’ expectations of $540.35 million. Littelfuse had a return on equity of 8.93% and a net margin of 8.71%. The firm’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.12 EPS. On average, sell-side analysts expect that Littelfuse will post 8.47 EPS for the current fiscal year.

Littelfuse Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 22nd 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 1.13%. This is an increase from Littelfuse’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Thursday, August 22nd. Littelfuse’s dividend payout ratio is presently 29.78%.

Insider Transactions at Littelfuse

In other news, CFO Meenal Sethna sold 6,114 shares of the company’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $256.49, for a total transaction of $1,568,179.86. Following the completion of the sale, the chief financial officer now directly owns 22,432 shares in the company, valued at approximately $5,753,583.68. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO David W. Heinzmann sold 3,786 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $273.92, for a total transaction of $1,037,061.12. Following the completion of the sale, the chief executive officer now directly owns 59,654 shares in the company, valued at approximately $16,340,423.68. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Meenal Sethna sold 6,114 shares of the stock in a transaction on Monday, May 13th. The shares were sold at an average price of $256.49, for a total value of $1,568,179.86. Following the completion of the sale, the chief financial officer now owns 22,432 shares of the company’s stock, valued at $5,753,583.68. The disclosure for this sale can be found here. Insiders sold a total of 13,724 shares of company stock worth $3,582,565 in the last ninety days. Insiders own 2.30% of the company’s stock.

Institutional Trading of Littelfuse

Large investors have recently added to or reduced their stakes in the stock. Rise Advisors LLC acquired a new stake in Littelfuse in the 1st quarter valued at $30,000. SRS Capital Advisors Inc. boosted its position in Littelfuse by 372.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 137 shares of the technology company’s stock valued at $37,000 after buying an additional 108 shares during the last quarter. CWM LLC boosted its position in Littelfuse by 410.7% in the 2nd quarter. CWM LLC now owns 143 shares of the technology company’s stock valued at $37,000 after buying an additional 115 shares during the last quarter. GAMMA Investing LLC boosted its position in Littelfuse by 275.0% in the 2nd quarter. GAMMA Investing LLC now owns 165 shares of the technology company’s stock valued at $42,000 after buying an additional 121 shares during the last quarter. Finally, Principal Securities Inc. bought a new position in shares of Littelfuse during the fourth quarter worth about $50,000. 96.14% of the stock is currently owned by institutional investors and hedge funds.

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.