Stifel Nicolaus Boosts Littelfuse (NASDAQ:LFUS) Price Target to $250.00

Littelfuse (NASDAQ:LFUS) had its price objective raised by Stifel Nicolaus from $240.00 to $250.00 in a research note published on Monday morning, Benzinga reports. The firm currently has a hold rating on the technology company’s stock.

Other analysts also recently issued research reports about the stock. Jefferies Financial Group began coverage on shares of Littelfuse in a research report on Tuesday, April 9th. They set a hold rating and a $260.00 target price for the company. Robert W. Baird raised shares of Littelfuse from a neutral rating to an outperform rating and increased their price objective for the company from $270.00 to $300.00 in a research report on Friday, May 17th. StockNews.com downgraded shares of Littelfuse from a buy rating to a hold rating in a research report on Saturday, March 30th. Baird R W raised shares of Littelfuse from a hold rating to a strong-buy rating in a research report on Friday, May 17th. Finally, Benchmark reaffirmed a hold rating on shares of Littelfuse in a research report on Thursday, May 2nd. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and an average target price of $270.00.

Littelfuse Stock Down 0.6 %

LFUS opened at $266.93 on Monday. The firm has a 50 day moving average price of $257.24 and a 200 day moving average price of $245.65. The company has a market cap of $6.61 billion, a PE ratio of 30.58, a price-to-earnings-growth ratio of 2.65 and a beta of 1.29. Littelfuse has a 1 year low of $212.80 and a 1 year high of $309.94. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.44 and a current ratio of 3.57.

Littelfuse (NASDAQ:LFUS) last posted its earnings results on Tuesday, April 30th. The technology company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.01. The firm had revenue of $535.39 million during the quarter, compared to the consensus estimate of $519.08 million. Littelfuse had a net margin of 9.58% and a return on equity of 10.21%. The company’s revenue was down 12.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.64 EPS. Sell-side analysts expect that Littelfuse will post 8.45 earnings per share for the current year.

Littelfuse Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 6th. Stockholders of record on Thursday, May 23rd were paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend was Wednesday, May 22nd. Littelfuse’s dividend payout ratio (DPR) is currently 29.78%.

Insider Activity

In other news, CEO David W. Heinzmann sold 300 shares of the stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $273.17, for a total transaction of $81,951.00. Following the completion of the transaction, the chief executive officer now directly owns 59,654 shares in the company, valued at approximately $16,295,683.18. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, SVP Deepak Nayar sold 1,305 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $250.25, for a total transaction of $326,576.25. Following the completion of the transaction, the senior vice president now directly owns 4,630 shares in the company, valued at approximately $1,158,657.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO David W. Heinzmann sold 300 shares of the firm’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $273.17, for a total value of $81,951.00. Following the transaction, the chief executive officer now owns 59,654 shares in the company, valued at $16,295,683.18. The disclosure for this sale can be found here. In the last three months, insiders sold 9,938 shares of company stock worth $2,545,503. 2.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Littelfuse

Several large investors have recently added to or reduced their stakes in the company. Hunter Perkins Capital Management LLC lifted its stake in Littelfuse by 26.9% during the second quarter. Hunter Perkins Capital Management LLC now owns 4,055 shares of the technology company’s stock worth $1,036,000 after purchasing an additional 860 shares during the last quarter. D.B. Root & Company LLC lifted its stake in Littelfuse by 9.1% during the second quarter. D.B. Root & Company LLC now owns 3,869 shares of the technology company’s stock worth $989,000 after purchasing an additional 323 shares during the last quarter. Cabot Wealth Management Inc. bought a new position in Littelfuse during the second quarter worth $1,368,000. SG Americas Securities LLC lifted its stake in Littelfuse by 399.7% during the second quarter. SG Americas Securities LLC now owns 4,712 shares of the technology company’s stock worth $1,204,000 after purchasing an additional 3,769 shares during the last quarter. Finally, CWM LLC lifted its stake in Littelfuse by 410.7% during the second quarter. CWM LLC now owns 143 shares of the technology company’s stock worth $37,000 after purchasing an additional 115 shares during the last quarter. 96.14% of the stock is currently owned by 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.