Littelfuse (NASDAQ:LFUS) Given New $290.00 Price Target at Robert W. Baird

Littelfuse (NASDAQ:LFUS) had its price objective trimmed by Robert W. Baird from $300.00 to $290.00 in a report published on Thursday morning,Benzinga reports. The firm currently has an outperform rating on the technology company’s stock.

A number of other research analysts have also recently weighed in on the stock. StockNews.com raised shares of Littelfuse from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Oppenheimer raised Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price target for the company in a research report on Thursday, October 17th. Finally, Benchmark restated a “hold” rating on shares of Littelfuse in a research report on Wednesday. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Littelfuse currently has an average rating of “Moderate Buy” and a consensus target price of $280.00.

Littelfuse Stock Up 3.4 %

LFUS opened at $243.16 on Thursday. Littelfuse has a one year low of $222.73 and a one year high of $275.58. The company has a market cap of $6.04 billion, a price-to-earnings ratio of 54.04, a PEG ratio of 1.92 and a beta of 1.26. The business’s fifty day moving average is $239.64 and its two-hundred day moving average is $250.60. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.52 and a current ratio of 3.55.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings data on Tuesday, January 28th. The technology company reported $2.04 EPS for the quarter, hitting the consensus estimate of $2.04. Littelfuse had a net margin of 5.16% and a return on equity of 8.48%. During the same period last year, the firm posted $2.02 EPS. Analysts anticipate that Littelfuse will post 10.19 EPS for the current fiscal year.

Littelfuse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Thursday, February 20th. Littelfuse’s dividend payout ratio is currently 62.22%.

Insider Activity at Littelfuse

In related news, CAO Jeffrey G. Gorski sold 700 shares of the company’s stock in a transaction that occurred on 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 owns 3,105 shares of the company’s stock, valued at approximately $773,207.10. This represents a 18.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.30% of the company’s stock.

Institutional Trading of Littelfuse

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

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.