Littelfuse (NASDAQ:LFUS) Price Target Cut to $290.00 by Analysts at Robert W. Baird

Littelfuse (NASDAQ:LFUS - Free Report) had its price target lowered by Robert W. Baird from $300.00 to $290.00 in a research report released on Thursday,Benzinga reports. Robert W. Baird currently has an outperform rating on the technology company's stock.

Several other equities analysts also recently weighed in on LFUS. Oppenheimer raised Littelfuse from a "market perform" rating to an "outperform" rating and set a $310.00 price target for the company in a research report on Thursday, October 17th. StockNews.com raised Littelfuse from a "hold" rating to a "buy" rating in a research report on Friday, October 18th. Finally, Benchmark reissued a "hold" rating on shares of Littelfuse in a research report on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $280.00.

Littelfuse Price Performance

Shares of LFUS traded down $6.70 during mid-day trading on Thursday, 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 current ratio of 3.61, a quick ratio of 2.62 and a debt-to-equity ratio of 0.32. The firm has a 50-day simple moving average of $239.61 and a 200 day simple moving average of $250.06. The firm has a market capitalization of $5.75 billion, a P/E ratio of 51.48, a P/E/G ratio of 2.09 and a beta of 1.26. Littelfuse has a 1-year low of $222.73 and a 1-year high of $275.58.

Littelfuse (NASDAQ:LFUS - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The technology company reported $2.04 EPS for the quarter, meeting the consensus estimate of $2.04. Littelfuse had a return on equity of 8.55% and a net margin of 5.16%. During the same period in the previous year, the company posted $2.02 earnings per share. Analysts predict that Littelfuse will post 9.49 EPS for the current fiscal year.

Littelfuse Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th will be paid 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 is presently 62.22%.

Insiders Place Their Bets

In other news, CAO Jeffrey G. Gorski sold 700 shares of Littelfuse stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $249.02, for a total transaction 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. The trade was a 18.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.30% of the stock is currently owned by insiders.

Institutional Trading of Littelfuse

A number of hedge funds and other institutional investors have recently modified their holdings of LFUS. Huntington National Bank increased its position in shares of 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 acquiring an additional 64 shares during the last quarter. Truvestments Capital LLC purchased a new stake in shares of Littelfuse during the third quarter worth about $27,000. Quent Capital LLC increased its position in shares of Littelfuse by 525.0% during the fourth quarter. Quent Capital LLC now owns 125 shares of the technology company's stock worth $29,000 after acquiring an additional 105 shares during the last quarter. UMB Bank n.a. increased its position in shares of Littelfuse by 70.2% during the third quarter. UMB Bank n.a. now owns 143 shares of the technology company's stock worth $38,000 after acquiring an additional 59 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its position in shares of 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. 96.14% of the stock is owned by hedge funds and other institutional investors.

Littelfuse Company Profile

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.