Littelfuse, Inc. (NASDAQ:LFUS - Get Free Report)'s share price shot up 5.4% during trading on Wednesday following a dividend announcement from the company. The stock traded as high as $236.68 and last traded at $236.04. 54,939 shares were traded during mid-day trading, a decline of 55% from the average session volume of 123,196 shares. The stock had previously closed at $224.00.The newly announced dividend which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.18%. Littelfuse's dividend payout ratio is currently 35.99%.
Analysts Set New Price Targets
Several brokerages have weighed in on LFUS. Benchmark reissued a "hold" rating on shares of Littelfuse in a research note on Wednesday. Oppenheimer upgraded Littelfuse from a "market perform" rating to an "outperform" rating and set a $310.00 price target on the stock in a report on Thursday, October 17th. Finally, StockNews.com raised shares of Littelfuse from a "hold" rating to a "buy" rating in a research note on Friday, October 18th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $285.00.
Get Our Latest Research Report on LFUS
Littelfuse Trading Up 5.9 %
The firm has a market cap of $5.89 billion, a PE ratio of 30.50, a PEG ratio of 1.93 and a beta of 1.26. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.55 and a quick ratio of 2.52. The stock's fifty day simple moving average is $239.69 and its 200-day simple moving average is $250.71.
Littelfuse (NASDAQ:LFUS - Get Free Report) last released its earnings results on Tuesday, January 28th. The technology company reported $2.04 EPS for the quarter, hitting analysts' consensus estimates of $2.04. Littelfuse had a return on equity of 8.49% and a net margin of 8.88%. During the same quarter in the prior year, the business earned $2.02 earnings per share. On average, sell-side analysts forecast that Littelfuse, Inc. will post 8.47 earnings per share for the current year.
Insider Transactions at Littelfuse
In other Littelfuse news, CAO Jeffrey G. Gorski sold 700 shares of the firm's stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $249.02, for a total value of $174,314.00. Following the sale, the chief accounting officer now directly owns 3,105 shares of the company's stock, valued at approximately $773,207.10. This trade represents a 18.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.30% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Huntington National Bank raised its stake in Littelfuse by 200.0% during the third quarter. Huntington National Bank now owns 96 shares of the technology company's stock worth $25,000 after purchasing an additional 64 shares during the period. Truvestments Capital LLC acquired a new position in Littelfuse during the third quarter worth $27,000. UMB Bank n.a. raised its holdings in shares of Littelfuse by 70.2% in the 3rd quarter. UMB Bank n.a. now owns 143 shares of the technology company's stock valued at $38,000 after buying an additional 59 shares during the period. Geneos Wealth Management Inc. boosted its holdings in Littelfuse by 181.0% during the 4th quarter. Geneos Wealth Management Inc. now owns 163 shares of the technology company's stock valued at $38,000 after acquiring an additional 105 shares during the period. Finally, Meeder Asset Management Inc. acquired a new position in Littelfuse in the 3rd quarter valued at about $53,000. Hedge funds and other institutional investors own 96.14% of the company's stock.
About Littelfuse
(
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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.
Further Reading
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