Robert W. Baird Has Lowered Expectations for Littelfuse (NASDAQ:LFUS) Stock Price

Littelfuse (NASDAQ:LFUS) had its target price reduced by Robert W. Baird from $300.00 to $290.00 in a report published on Thursday,Benzinga reports. They currently have an outperform rating on the technology company’s stock.

LFUS has been the topic of a number of other reports. Benchmark reiterated a “hold” rating on shares of Littelfuse in a research note on Wednesday. Oppenheimer upgraded shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 target price on the stock in a research note on Thursday, October 17th. Finally, StockNews.com upgraded Littelfuse from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $280.00.

Littelfuse Stock Up 3.4 %

Shares of Littelfuse stock opened at $243.16 on Thursday. Littelfuse has a 1-year low of $222.73 and a 1-year high of $275.58. The company has a market capitalization of $6.04 billion, a PE ratio of 54.04, a P/E/G ratio of 1.92 and a beta of 1.26. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.55 and a quick ratio of 2.52. The business has a 50-day moving average of $239.64 and a 200-day moving average of $250.60.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings data on Tuesday, January 28th. The technology company reported $2.04 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.04. Littelfuse had a return on equity of 8.48% and a net margin of 5.16%. During the same quarter last year, the firm posted $2.02 earnings per share. As a group, equities analysts forecast that Littelfuse will post 10.19 EPS for the current fiscal year.

Littelfuse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 20th will be paid a dividend of $0.70 per share. The ex-dividend date is Thursday, February 20th. This represents a $2.80 annualized dividend and a yield of 1.15%. Littelfuse’s dividend payout ratio (DPR) is 62.22%.

Insider Activity

In other Littelfuse news, CAO Jeffrey G. Gorski sold 700 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $249.02, for a total transaction of $174,314.00. Following the completion of the transaction, the chief accounting officer now directly owns 3,105 shares of the company’s stock, valued at $773,207.10. The trade was a 18.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Littelfuse

A number of hedge funds have recently made changes to their positions in the business. Verition Fund Management LLC acquired a new position in Littelfuse during the 3rd quarter worth $14,480,000. Jennison Associates LLC increased its stake in Littelfuse by 38.4% during the 3rd quarter. Jennison Associates LLC now owns 181,141 shares of the technology company’s stock valued at $48,048,000 after buying an additional 50,304 shares during the period. Harvey Partners LLC lifted its stake in shares of Littelfuse by 39.5% in the 3rd quarter. Harvey Partners LLC now owns 132,500 shares of the technology company’s stock worth $35,146,000 after acquiring an additional 37,500 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Littelfuse by 26.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 129,836 shares of the technology company’s stock worth $30,473,000 after acquiring an additional 26,975 shares during the period. Finally, State Street Corp boosted its holdings in shares of Littelfuse by 3.4% in the third quarter. State Street Corp now owns 747,082 shares of the technology company’s stock valued at $198,164,000 after acquiring an additional 24,571 shares in the last quarter. Institutional investors own 96.14% of the company’s stock.

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.