Littelfuse, Inc. (NASDAQ:LFUS) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Littelfuse, Inc. (NASDAQ:LFUS) have been given a consensus rating of “Moderate Buy” by the seven ratings firms that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $280.00.

Several equities analysts recently commented on LFUS shares. Robert W. Baird dropped their price target on shares of Littelfuse from $300.00 to $290.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. StockNews.com cut shares of Littelfuse from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a research report on Wednesday, January 29th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. CIBC Asset Management Inc bought a new position in Littelfuse during the 3rd quarter worth $201,000. Natixis Advisors LLC grew its position in Littelfuse by 0.8% in the 3rd quarter. Natixis Advisors LLC now owns 12,589 shares of the technology company’s stock valued at $3,340,000 after buying an additional 104 shares in the last quarter. Quest Partners LLC acquired a new position in Littelfuse during the 3rd quarter valued at about $99,000. Pathstone Holdings LLC increased its stake in shares of Littelfuse by 0.6% during the third quarter. Pathstone Holdings LLC now owns 6,522 shares of the technology company’s stock valued at $1,730,000 after acquiring an additional 40 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in Littelfuse by 9.1% during the third quarter. PNC Financial Services Group Inc. now owns 4,059 shares of the technology company’s stock valued at $1,077,000 after buying an additional 337 shares in the last quarter. Institutional investors and hedge funds own 96.14% of the company’s stock.

Littelfuse Price Performance

Littelfuse stock opened at $211.73 on Friday. The stock has a market capitalization of $5.23 billion, a P/E ratio of 47.05, a P/E/G ratio of 2.24 and a beta of 1.27. Littelfuse has a 12-month low of $201.97 and a 12-month high of $275.58. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.61 and a quick ratio of 2.62. The firm’s 50-day moving average is $229.70 and its two-hundred day moving average is $242.08.

Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings data on Tuesday, January 28th. The technology company reported $2.04 earnings per share (EPS) for the quarter, hitting 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 quarter in the previous year, the business earned $2.02 EPS. Equities analysts predict that Littelfuse will post 9.49 earnings per share for the current year.

Littelfuse Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.32%. The ex-dividend date was Thursday, February 20th. Littelfuse’s payout ratio is currently 62.22%.

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.