Littelfuse, Inc. (NASDAQ:LFUS) hit a new 52-week high during trading on Thursday . The company traded as high as $256.15 and last traded at $255.40, with a volume of 449 shares changing hands. The stock had previously closed at $253.17.
Several research analysts recently commented on LFUS shares. Robert W. Baird reissued an “outperform” rating and issued a $218.00 price objective on shares of Littelfuse in a research note on Monday, October 19th. TheStreet raised Littelfuse from a “c+” rating to a “b” rating in a research note on Monday, November 2nd. Zacks Investment Research raised Littelfuse from a “hold” rating to a “strong-buy” rating and set a $289.00 price objective for the company in a research note on Thursday, December 24th. Finally, BidaskClub upgraded Littelfuse from a “buy” rating to a “strong-buy” rating in a report on Friday, October 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. Littelfuse presently has a consensus rating of “Hold” and a consensus target price of $224.00.
The company has a quick ratio of 3.86, a current ratio of 4.90 and a debt-to-equity ratio of 0.47. The stock has a market cap of $6.21 billion, a price-to-earnings ratio of 67.02, a PEG ratio of 3.67 and a beta of 1.17. The business’s fifty day moving average is $242.22 and its two-hundred day moving average is $196.41.
Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings data on Wednesday, October 28th. The technology company reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $1.01. Littelfuse had a net margin of 6.77% and a return on equity of 8.76%. The firm had revenue of $391.57 million during the quarter, compared to analysts’ expectations of $352.09 million. As a group, sell-side analysts expect that Littelfuse, Inc. will post 5.6 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, December 3rd. Shareholders of record on Thursday, November 19th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Wednesday, November 18th. Littelfuse’s dividend payout ratio (DPR) is presently 28.15%.
In other news, Director Nathan Zommer sold 10,000 shares of the company’s stock in a transaction on Thursday, December 10th. The shares were sold at an average price of $244.27, for a total value of $2,442,700.00. Following the completion of the transaction, the director now owns 281,792 shares in the company, valued at approximately $68,833,331.84. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Meenal Sethna sold 2,440 shares of the company’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $206.05, for a total transaction of $502,762.00. Insiders have sold a total of 95,426 shares of company stock valued at $21,189,419 in the last quarter. 3.20% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in LFUS. Steward Partners Investment Advisory LLC raised its position in Littelfuse by 65.9% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 141 shares of the technology company’s stock worth $25,000 after buying an additional 56 shares during the last quarter. CI Investments Inc. acquired a new stake in shares of Littelfuse during the 3rd quarter worth $29,000. Dimension Capital Management LLC acquired a new stake in Littelfuse in the 3rd quarter valued at $31,000. Fifth Third Bancorp increased its holdings in Littelfuse by 33.6% in the 3rd quarter. Fifth Third Bancorp now owns 871 shares of the technology company’s stock valued at $154,000 after purchasing an additional 219 shares in the last quarter. Finally, Quantamental Technologies LLC purchased a new position in Littelfuse in the 2nd quarter valued at about $205,000. Institutional investors own 90.91% of the company’s stock.
About Littelfuse (NASDAQ:LFUS)
Littelfuse, Inc manufactures and sells circuit protection, power control, and sensing products in the Asia-Pacific, the Americas, and Europe. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, solid state relays, polymer electrostatic discharge suppressors, varistors, magnetic sensing products, gas discharge tubes, and position, fluid, and temperature sensors; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, metal-oxide-semiconductor field-effect transistors, integrated circuits, silicon carbide diodes, and insulated gate bipolar transistors.
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