Littelfuse Inc. (LFUS) Now Covered by CL King
CL King started coverage on shares of Littelfuse Inc. (NASDAQ:LFUS) in a report issued on Wednesday, The Fly reports. The brokerage set a “buy” rating on the stock.
A number of other research analysts have also recently commented on LFUS. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $155.00 price target (up previously from $145.00) on shares of Littelfuse in a research report on Tuesday, November 1st. Zacks Investment Research raised Littelfuse from a “hold” rating to a “buy” rating and set a $144.00 price target on the stock in a research report on Thursday, October 13th. Robert W. Baird upped their price target on Littelfuse from $128.00 to $132.00 and gave the company an “outperform” rating in a research report on Friday, August 26th. Finally, Sidoti cut Littelfuse from a “buy” rating to a “neutral” rating in a research report on Monday, November 21st. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Littelfuse currently has a consensus rating of “Buy” and an average price target of $143.67.
Littelfuse (NASDAQ:LFUS) traded down 1.94% during mid-day trading on Wednesday, reaching $145.79. The company had a trading volume of 235,551 shares. The stock has a market capitalization of $3.28 billion, a P/E ratio of 33.13 and a beta of 1.11. The stock has a 50 day moving average price of $138.88 and a 200-day moving average price of $124.92. Littelfuse has a 12-month low of $90.61 and a 12-month high of $155.00.
Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $1.87 EPS for the quarter, meeting analysts’ consensus estimates of $1.87. Littelfuse had a return on equity of 17.27% and a net margin of 10.05%. The firm had revenue of $280.30 million for the quarter, compared to analysts’ expectations of $131.81 million. During the same quarter in the prior year, the firm earned $1.43 EPS. The business’s revenue for the quarter was up 30.1% compared to the same quarter last year. Equities analysts anticipate that Littelfuse will post $6.22 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Wednesday, November 23rd will be paid a dividend of $0.33 per share. The ex-dividend date is Monday, November 21st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.91%. Littelfuse’s payout ratio is 30.00%.
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In other Littelfuse news, Chairman Gordon Hunter sold 20,000 shares of the company’s stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $122.69, for a total value of $2,453,800.00. Following the transaction, the chairman now directly owns 54,344 shares in the company, valued at approximately $6,667,465.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director T J. Chung sold 2,862 shares of the company’s stock in a transaction dated Friday, November 25th. The stock was sold at an average price of $150.00, for a total value of $429,300.00. Following the completion of the transaction, the director now owns 21,194 shares in the company, valued at $3,179,100. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.
A number of institutional investors have recently made changes to their positions in LFUS. Public Employees Retirement System of Ohio raised its position in shares of Littelfuse by 2.7% in the second quarter. Public Employees Retirement System of Ohio now owns 845 shares of the company’s stock worth $100,000 after buying an additional 22 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Littelfuse by 12.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 828 shares of the company’s stock worth $107,000 after buying an additional 89 shares in the last quarter. Advisor Group Inc. raised its position in shares of Littelfuse by 12.8% in the third quarter. Advisor Group Inc. now owns 880 shares of the company’s stock worth $111,000 after buying an additional 100 shares in the last quarter. Invictus RG acquired a new position in shares of Littelfuse during the second quarter worth $187,000. Finally, Bessemer Group Inc. raised its position in shares of Littelfuse by 91.4% in the second quarter. Bessemer Group Inc. now owns 1,860 shares of the company’s stock worth $220,000 after buying an additional 888 shares in the last quarter. Institutional investors and hedge funds own 99.14% of the company’s stock.
Littelfuse, Inc is a supplier of circuit protection products for the electronics, automotive and electrical industries. The Company operates through three segments: Electronics, Automotive and Industrial. Its Electronics segment provides circuit protection components to manufacturers of a range of electronic products, including mobile phones, computers, liquid-crystal-display televisions, telecommunications equipment, medical devices, lighting products and white goods.
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