Littelfuse, Inc. (NASDAQ:LFUS) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of Littelfuse, Inc. (NASDAQ:LFUS - Get Free Report) have been given a consensus rating of "Moderate Buy" by the seven analysts that are covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $280.00.

A number of equities analysts have recently issued reports on LFUS shares. Robert W. Baird dropped their price target on Littelfuse from $300.00 to $290.00 and set an "outperform" rating on the stock in a research report on Thursday, January 30th. StockNews.com upgraded shares of Littelfuse from a "hold" rating to a "buy" rating in a report on Wednesday. Finally, Benchmark restated a "hold" rating on shares of Littelfuse in a report on Wednesday, January 29th.

Littelfuse Trading Down 1.0 %

LFUS stock traded down $2.25 during trading on Tuesday, hitting $232.11. The company had a trading volume of 209,937 shares, compared to its average volume of 162,210. The firm has a market capitalization of $5.76 billion, a P/E ratio of 51.58, a PEG ratio of 2.24 and a beta of 1.26. The company has a quick ratio of 2.62, a current ratio of 3.61 and a debt-to-equity ratio of 0.32. Littelfuse has a 52-week low of $222.73 and a 52-week high of $275.58. The company has a 50 day simple moving average of $237.95 and a 200-day simple moving average of $248.55.

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Littelfuse (NASDAQ:LFUS - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share for the quarter, meeting 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 quarter in the prior year, the firm earned $2.02 earnings per share. As a group, research analysts forecast that Littelfuse will post 9.49 earnings per share for the current fiscal year.

Littelfuse Announces Dividend

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

Insider Activity

In other 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 transaction of $174,314.00. Following the completion of the sale, the chief accounting officer now owns 3,105 shares of the company's stock, valued at $773,207.10. The trade was a 18.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.30% of the company's stock.

Hedge Funds Weigh In On Littelfuse

Hedge funds and other institutional investors have recently made changes to their positions in the company. Huntington National Bank lifted its holdings in Littelfuse by 200.0% in the 3rd quarter. Huntington National Bank now owns 96 shares of the technology company's stock valued at $25,000 after purchasing an additional 64 shares in the last quarter. Truvestments Capital LLC acquired a new stake in shares of Littelfuse in the third quarter valued at about $27,000. Quent Capital LLC lifted its stake in shares of Littelfuse by 525.0% in the fourth quarter. Quent Capital LLC now owns 125 shares of the technology company's stock worth $29,000 after buying an additional 105 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in Littelfuse by 181.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 163 shares of the technology company's stock worth $38,000 after acquiring an additional 105 shares during the last quarter. Finally, Bank of Jackson Hole Trust purchased a new stake in Littelfuse during the 4th quarter valued at about $40,000. Hedge funds and other institutional investors own 96.14% of the company's stock.

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.