Littelfuse, Inc. (LFUS) – What Are Investment Firms Thinking About This Stock?
by Jessica Moore · The Cerbat GemShares of Littelfuse, Inc. (NASDAQ:LFUS – Get Free Report) have been assigned a consensus recommendation of “Buy” from the six research firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $465.83.
Several research firms have recently weighed in on LFUS. Zacks Research raised Littelfuse from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 30th. Oppenheimer reaffirmed an “outperform” rating on shares of Littelfuse in a research note on Thursday, October 29th. Needham & Company LLC reiterated a “buy” rating and issued a $520.00 target price on shares of Littelfuse in a report on Wednesday, October 28th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Littelfuse in a research note on Wednesday, October 28th.
Check Out Our Latest Report on LFUS
Insider Buying and Selling
In other Littelfuse news, SVP David Ruppel sold 1,493 shares of Littelfuse stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $404.57, for a total value of $604,023.01. Following the completion of the sale, the senior vice president directly owned 4,720 shares of the company’s stock, valued at approximately $1,909,570.40. The trade was a 24.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in Littelfuse by 6.4% during the 3rd quarter. Brighton Jones LLC now owns 1,249 shares of the technology company’s stock valued at $529,000 after purchasing an additional 75 shares during the last quarter. Pictet Asset Management Holding SA increased its holdings in Littelfuse by 238.9% during the 3rd quarter. Pictet Asset Management Holding SA now owns 67,546 shares of the technology company’s stock worth $28,622,000 after purchasing an additional 47,616 shares in the last quarter. Heritage Family Offices LLP bought a new stake in Littelfuse during the 3rd quarter worth approximately $125,000. Boston Trust Walden Corp raised its stake in shares of Littelfuse by 6.2% in the third quarter. Boston Trust Walden Corp now owns 316,840 shares of the technology company’s stock worth $134,258,000 after purchasing an additional 18,513 shares during the last quarter. Finally, Chicago Partners Investment Group LLC raised its stake in shares of Littelfuse by 2.6% in the third quarter. Chicago Partners Investment Group LLC now owns 1,008 shares of the technology company’s stock worth $354,000 after purchasing an additional 26 shares during the last quarter. Institutional investors own 96.14% of the company’s stock.
Littelfuse Stock Performance
NASDAQ:LFUS opened at $412.68 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.01 and a current ratio of 2.67. Littelfuse has a fifty-two week low of $233.36 and a fifty-two week high of $500.57. The company has a 50 day simple moving average of $409.43 and a two-hundred day simple moving average of $400.10. The company has a market capitalization of $10.48 billion, a PE ratio of 338.27, a P/E/G ratio of 1.79 and a beta of 1.50.
Littelfuse (NASDAQ:LFUS – Get Free Report) last issued its quarterly earnings results on Wednesday, October 28th. The technology company reported $5.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.97 by $0.82. The firm had revenue of $795.20 million for the quarter, compared to the consensus estimate of $792.49 million. Littelfuse had a net margin of 1.37% and a return on equity of 15.86%. The company’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.77 EPS. Research analysts anticipate that Littelfuse will post 18.37 earnings per share for the current year.
Littelfuse Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, November 19th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Thursday, November 19th. This represents a $3.20 annualized dividend and a dividend yield of 0.8%. Littelfuse’s dividend payout ratio (DPR) is 262.30%.
Littelfuse Company Profile
Littelfuse, Inc is a diversified industrial technology company that develops and manufactures products designed to protect, control and sense electrical energy. Its portfolio includes fuses and other circuit-protection devices, power semiconductor products, relays, switches, sensors and related electronic components.
The company serves customers in the automotive, commercial vehicle, industrial, electronics, energy and communications markets. Its products are used in applications such as vehicle electrification, battery systems, industrial equipment, power distribution, renewable energy systems, data infrastructure and consumer electronics.
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