Littelfuse, Inc. (LFUS) Given Average Rating of “Hold” by Brokerages
Shares of Littelfuse, Inc. (NASDAQ:LFUS) have been given a consensus recommendation of “Hold” by the seven research firms that are covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $207.50.
LFUS has been the topic of a number of research reports. Zacks Investment Research raised shares of Littelfuse from a “hold” rating to a “buy” rating and set a $230.00 target price on the stock in a research note on Wednesday, October 18th. BidaskClub lowered shares of Littelfuse from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Robert W. Baird reissued a “buy” rating and issued a $230.00 target price on shares of Littelfuse in a research note on Friday, November 3rd. Oppenheimer reissued a “hold” rating on shares of Littelfuse in a research note on Wednesday, November 1st. Finally, CIBC reissued a “market perform” rating on shares of Littelfuse in a research note on Friday, October 13th.
Shares of Littelfuse (LFUS) traded up $5.10 during trading on Friday, reaching $199.48. 249,195 shares of the company were exchanged, compared to its average volume of 217,982. The stock has a market cap of $4,677.00, a price-to-earnings ratio of 38.44, a PEG ratio of 2.01 and a beta of 0.97. Littelfuse has a 1 year low of $149.81 and a 1 year high of $226.33. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.52 and a quick ratio of 2.90.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 22nd will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Wednesday, February 21st. Littelfuse’s dividend payout ratio (DPR) is 28.52%.
In other Littelfuse news, SVP Ian Highley sold 9,378 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $212.50, for a total value of $1,992,825.00. Following the transaction, the senior vice president now directly owns 4,121 shares of the company’s stock, valued at approximately $875,712.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.80% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vaughan Nelson Investment Management L.P. lifted its stake in Littelfuse by 31.3% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 471,038 shares of the technology company’s stock worth $92,267,000 after purchasing an additional 112,360 shares in the last quarter. Koch Industries Inc. acquired a new stake in shares of Littelfuse during the 2nd quarter worth approximately $376,000. Moody Aldrich Partners LLC increased its holdings in shares of Littelfuse by 14.8% during the 3rd quarter. Moody Aldrich Partners LLC now owns 9,916 shares of the technology company’s stock worth $1,942,000 after buying an additional 1,276 shares during the last quarter. Nationwide Fund Advisors increased its holdings in shares of Littelfuse by 1.9% during the 3rd quarter. Nationwide Fund Advisors now owns 105,823 shares of the technology company’s stock worth $20,729,000 after buying an additional 2,000 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Littelfuse by 3.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 99,366 shares of the technology company’s stock worth $19,465,000 after buying an additional 3,250 shares during the last quarter. 99.24% of the stock is currently owned by institutional investors and hedge funds.
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Littelfuse, Inc is a supplier of circuit protection products for the electronics, automotive and industrial markets. The Company operates through three segments. The Electronics segment provides circuit protection components for overcurrent and overvoltage protection, as well as sensor components and modules to manufacturers of a range of electronic products.
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