Analysts Set Littelfuse, Inc. (NASDAQ:LFUS) Target Price at $280.00

Littelfuse, Inc. (NASDAQ:LFUS - Get Free Report) has been assigned an average rating of "Moderate Buy" from the seven research firms that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $280.00.

LFUS has been the subject of several research analyst reports. Benchmark reiterated a "hold" rating on shares of Littelfuse in a research note on Wednesday, January 29th. Oppenheimer upgraded shares of Littelfuse from a "market perform" rating to an "outperform" rating and set a $310.00 price objective for the company in a research note on Thursday, October 17th. StockNews.com upgraded shares of Littelfuse from a "hold" rating to a "buy" rating in a research note on Friday, October 18th. Finally, Robert W. Baird dropped their price objective on shares of Littelfuse from $300.00 to $290.00 and set an "outperform" rating for the company in a research note on Thursday.

Insiders Place Their Bets

In other Littelfuse news, CAO Jeffrey G. Gorski sold 700 shares of the business's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $249.02, for a total value of $174,314.00. Following the completion of the transaction, the chief accounting officer now directly owns 3,105 shares of the company's stock, valued at approximately $773,207.10. The trade was a 18.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.30% of the company's stock.

Hedge Funds Weigh In On Littelfuse

A number of institutional investors have recently modified their holdings of the stock. State Street Corp raised its stake in shares of Littelfuse by 3.4% in the third quarter. State Street Corp now owns 747,082 shares of the technology company's stock worth $198,164,000 after acquiring an additional 24,571 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Littelfuse by 2.0% during the 3rd quarter. Victory Capital Management Inc. now owns 511,623 shares of the technology company's stock worth $135,708,000 after buying an additional 10,119 shares during the period. Geode Capital Management LLC grew its position in shares of Littelfuse by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 431,956 shares of the technology company's stock worth $114,607,000 after buying an additional 1,525 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Littelfuse by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 303,947 shares of the technology company's stock worth $80,622,000 after buying an additional 8,195 shares during the period. Finally, Boston Trust Walden Corp grew its position in shares of Littelfuse by 0.6% during the 3rd quarter. Boston Trust Walden Corp now owns 297,260 shares of the technology company's stock worth $78,848,000 after buying an additional 1,819 shares during the period. 96.14% of the stock is owned by institutional investors.

Littelfuse Stock Down 2.8 %

LFUS stock traded down $6.70 during trading hours on Friday, hitting $231.66. The company's stock had a trading volume of 204,003 shares, compared to its average volume of 156,381. The company has a quick ratio of 2.62, a current ratio of 3.61 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $5.75 billion, a PE ratio of 51.48, a price-to-earnings-growth ratio of 2.09 and a beta of 1.26. Littelfuse has a 12 month low of $222.73 and a 12 month high of $275.58. The stock has a 50 day moving average price of $239.61 and a two-hundred day moving average price of $250.06.

Littelfuse (NASDAQ:LFUS - Get Free Report) last posted its earnings results on Tuesday, January 28th. The technology company reported $2.04 EPS for the quarter, hitting the consensus estimate of $2.04. Littelfuse had a net margin of 5.16% and a return on equity of 8.55%. During the same period in the prior year, the business earned $2.02 earnings per share. On average, equities research analysts expect that Littelfuse will post 9.49 earnings per share for the current year.

Littelfuse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 20th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Thursday, February 20th. Littelfuse's dividend payout ratio (DPR) is currently 62.22%.

About Littelfuse

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.