Littelfuse, Inc. (NASDAQ:LFUS) Stock Has Consensus Price Target of $465.83

Shares of Littelfuse, Inc. (NASDAQ:LFUS) have earned a consensus recommendation of “Buy” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. One equities 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 twelve-month price objective among brokerages that have issued a report on the stock in the last year is $465.83.

A number of research firms have recently weighed in on LFUS. Needham & Company LLC restated a “buy” rating and issued a $520.00 target price on shares of Littelfuse in a report on Wednesday, October 28th. Zacks Research upgraded shares of Littelfuse from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 30th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Littelfuse in a report on Wednesday, October 28th. Finally, Oppenheimer reiterated an “outperform” rating on shares of Littelfuse in a research report on Thursday, October 29th.

Insider Transactions at Littelfuse

In other news, SVP David Ruppel sold 1,493 shares of the firm’s stock in a transaction that occurred on Thursday, October 29th. The stock was 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 $1,909,570.40. This trade represents a 24.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Littelfuse

Several large investors have recently modified their holdings of the stock. Ieq Capital LLC lifted its position in Littelfuse by 94.7% in the third quarter. Ieq Capital LLC now owns 1,443 shares of the technology company’s stock worth $611,000 after buying an additional 702 shares during the last quarter. Boston Partners boosted its stake in Littelfuse by 17.8% during the third quarter. Boston Partners now owns 136,236 shares of the technology company’s stock worth $57,744,000 after buying an additional 20,573 shares during the period. Landscape Capital Management L.L.C. purchased a new position in Littelfuse during the third quarter worth $1,538,000. Roubaix Capital LLC increased its position in Littelfuse by 74.9% during the third quarter. Roubaix Capital LLC now owns 17,011 shares of the technology company’s stock valued at $7,208,000 after acquiring an additional 7,287 shares during the last quarter. Finally, Rothschild Investment LLC increased its position in Littelfuse by 58.2% during the third quarter. Rothschild Investment LLC now owns 432 shares of the technology company’s stock valued at $183,000 after acquiring an additional 159 shares during the last quarter. Institutional investors own 96.14% of the company’s stock.

Littelfuse Stock Down 0.6%

NASDAQ LFUS opened at $383.37 on Wednesday. The stock has a 50 day moving average price of $405.37 and a 200-day moving average price of $402.00. Littelfuse has a one year low of $233.36 and a one year high of $500.57. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.01 and a current ratio of 2.67. The company has a market capitalization of $9.74 billion, a P/E ratio of 24.13, a P/E/G ratio of 1.75 and a beta of 1.50.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings results on Wednesday, October 28th. The technology company reported $5.79 earnings per share for the quarter, topping the consensus estimate of $4.97 by $0.82. The company had revenue of $795.20 million for the quarter, compared to analysts’ expectations of $792.49 million. Littelfuse had a net margin of 1.37% and a return on equity of 15.86%. Littelfuse’s quarterly revenue was up 22.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.77 earnings per share. As a group, equities analysts predict that Littelfuse will post 18.37 EPS for the current fiscal year.

Littelfuse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 19th will be given a dividend of $0.80 per share. The ex-dividend date is Thursday, November 19th. This represents a $3.20 dividend on an annualized basis and a yield of 0.8%. Littelfuse’s dividend payout ratio is 262.30%.

Littelfuse Company Profile

Littelfuse, Inc. is a global manufacturer of products that help protect and control electrical systems. Its offerings include fuses and other circuit-protection components, power-control devices, sensors, and electronic components used in a range of applications. The company serves customers in markets including automotive, industrial, commercial vehicles, and electronics. Its products are used to protect equipment from electrical faults, manage power, and monitor conditions in systems and devices.