Robert W. Baird Boosts Littelfuse (NASDAQ:LFUS) Price Target to $315.00

Littelfuse (NASDAQ:LFUS) had its target price boosted by Robert W. Baird from $300.00 to $315.00 in a report issued on Thursday, Benzinga reports. They currently have an outperform rating on the technology company’s stock.

Other equities research analysts have also issued research reports about the stock. TD Cowen upped their price target on shares of Littelfuse from $250.00 to $260.00 and gave the company a hold rating in a research report on Thursday, August 1st. Stifel Nicolaus raised shares of Littelfuse from a hold rating to a buy rating and upped their price target for the company from $270.00 to $280.00 in a research report on Tuesday, August 13th. Benchmark reaffirmed a hold rating on shares of Littelfuse in a research report on Thursday, May 2nd. Finally, Baird R W upgraded Littelfuse from a hold rating to a strong-buy rating in a research note on Friday, May 17th. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $278.75.

Littelfuse Price Performance

LFUS opened at $272.20 on Thursday. The stock has a 50-day moving average price of $258.28 and a 200-day moving average price of $248.90. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.50 and a quick ratio of 2.44. The firm has a market cap of $6.75 billion, a PE ratio of 31.18, a P/E/G ratio of 2.58 and a beta of 1.29. Littelfuse has a 1 year low of $212.80 and a 1 year high of $275.58.

Littelfuse (NASDAQ:LFUS) last issued its earnings results on Tuesday, July 30th. The technology company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.22. Littelfuse had a return on equity of 8.91% and a net margin of 8.71%. The business had revenue of $558.49 million during the quarter, compared to analyst estimates of $540.35 million. During the same quarter in the previous year, the firm earned $3.12 EPS. Littelfuse’s revenue was down 8.7% on a year-over-year basis. Sell-side analysts predict that Littelfuse will post 8.37 earnings per share for the current fiscal year.

Littelfuse Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 22nd will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.03%. This is an increase from Littelfuse’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Thursday, August 22nd. Littelfuse’s dividend payout ratio is presently 32.07%.

Insiders Place Their Bets

In other Littelfuse news, CEO David W. Heinzmann sold 2,091 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $274.65, for a total value of $574,293.15. Following the completion of the transaction, the chief executive officer now directly owns 59,654 shares in the company, valued at approximately $16,383,971.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Littelfuse news, CEO David W. Heinzmann sold 2,091 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $274.65, for a total value of $574,293.15. Following the completion of the transaction, the chief executive officer now directly owns 59,654 shares in the company, valued at approximately $16,383,971.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David W. Heinzmann sold 3,786 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $273.92, for a total value of $1,037,061.12. Following the completion of the transaction, the chief executive officer now owns 59,654 shares of the company’s stock, valued at $16,340,423.68. The disclosure for this sale can be found here. Insiders sold 14,892 shares of company stock worth $4,084,701 in the last three months. 2.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Rise Advisors LLC bought a new position in shares of Littelfuse during the 1st quarter valued at approximately $30,000. SRS Capital Advisors Inc. boosted its position in shares of Littelfuse by 372.4% during the 4th quarter. SRS Capital Advisors Inc. now owns 137 shares of the technology company’s stock valued at $37,000 after acquiring an additional 108 shares during the last quarter. CWM LLC boosted its position in shares of Littelfuse by 410.7% during the 2nd quarter. CWM LLC now owns 143 shares of the technology company’s stock valued at $37,000 after acquiring an additional 115 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Littelfuse by 275.0% during the 2nd quarter. GAMMA Investing LLC now owns 165 shares of the technology company’s stock valued at $42,000 after acquiring an additional 121 shares during the last quarter. Finally, Principal Securities Inc. bought a new position in shares of Littelfuse during the 4th quarter valued at approximately $50,000. 96.14% of the stock is currently owned by institutional investors.

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.