Zacks Investment Research cut shares of Littelfuse (NASDAQ:LFUS) from a buy rating to a hold rating in a report released on Wednesday morning.
According to Zacks, “Littelfuse is the preferred brand for leading manufacturers around the world, with more than 40 sales, manufacturing and engineering facilities and a global network of distribution channels. Littelfuse products are vital components in virtually every market that uses electrical energy, from consumer electronics to automobiles, commercial vehicles and industrial equipment. They are also expanding into adjacent markets that complement their core business including power distribution centers for mining operations, generator controls and protection for marine applications, heavy-duty switches for commercial vehicles and electromechanical sensors used in the automotive industry. “
A number of other research analysts have also recently weighed in on the stock. BidaskClub cut shares of Littelfuse from a strong-buy rating to a buy rating in a report on Wednesday, December 6th. ValuEngine upgraded shares of Littelfuse from a hold rating to a buy rating in a report on Thursday, March 1st. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Littelfuse has a consensus rating of Hold and an average target price of $212.00.
Shares of LFUS stock opened at $198.63 on Wednesday. The company has a quick ratio of 2.90, a current ratio of 3.52 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $5,037.99, a P/E ratio of 26.21, a price-to-earnings-growth ratio of 1.98 and a beta of 0.99. Littelfuse has a fifty-two week low of $149.81 and a fifty-two week high of $226.33.
Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings data on Wednesday, January 31st. The technology company reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.13. The firm had revenue of $304.85 million during the quarter, compared to analysts’ expectations of $299.88 million. Littelfuse had a net margin of 9.78% and a return on equity of 19.65%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.57 earnings per share. research analysts predict that Littelfuse will post 8.53 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 8th. Shareholders of record on Thursday, February 22nd were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 0.75%. The ex-dividend date was Wednesday, February 21st. Littelfuse’s dividend payout ratio (DPR) is presently 19.12%.
In other Littelfuse news, EVP Ryan K. Stafford sold 8,027 shares of the business’s stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $223.36, for a total transaction of $1,792,910.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Michael P. Rutz sold 968 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $205.00, for a total transaction of $198,440.00. Following the transaction, the senior vice president now owns 4,842 shares of the company’s stock, valued at approximately $992,610. The disclosure for this sale can be found here. Insiders have sold a total of 71,289 shares of company stock valued at $15,271,800 in the last quarter. 3.80% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of LFUS. Carillon Tower Advisers Inc. acquired a new position in Littelfuse during the 4th quarter worth approximately $44,855,000. OppenheimerFunds Inc. grew its holdings in Littelfuse by 139.6% during the 4th quarter. OppenheimerFunds Inc. now owns 351,587 shares of the technology company’s stock worth $69,550,000 after acquiring an additional 204,842 shares in the last quarter. Allianz Asset Management GmbH acquired a new position in shares of Littelfuse in the 3rd quarter valued at $33,900,000. TimesSquare Capital Management LLC boosted its holdings in shares of Littelfuse by 67.8% in the 4th quarter. TimesSquare Capital Management LLC now owns 369,205 shares of the technology company’s stock valued at $73,036,000 after buying an additional 149,200 shares in the last quarter. Finally, Westwood Holdings Group Inc. boosted its holdings in shares of Littelfuse by 60.3% in the 4th quarter. Westwood Holdings Group Inc. now owns 332,568 shares of the technology company’s stock valued at $65,788,000 after buying an additional 125,145 shares in the last quarter. Institutional investors own 94.32% of the company’s stock.
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Littelfuse Company Profile
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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