BidaskClub upgraded shares of Littelfuse (NASDAQ:LFUS) from a buy rating to a strong-buy rating in a research note published on Thursday morning.
Several other brokerages have also commented on LFUS. Zacks Investment Research upgraded shares of Littelfuse from a hold rating to a buy rating and set a $233.00 price target on the stock in a research note on Wednesday, March 7th. ValuEngine upgraded shares of Littelfuse from a hold rating to a buy rating in a research note on Thursday, March 1st. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Littelfuse presently has an average rating of Buy and an average price target of $212.00.
Littelfuse (LFUS) traded up $1.40 during trading on Thursday, reaching $222.34. 110,591 shares of the company’s stock traded hands, compared to its average volume of 177,388. Littelfuse has a 1 year low of $149.81 and a 1 year high of $226.33. The firm has a market cap of $5,464.38, a price-to-earnings ratio of 42.57, a PEG ratio of 2.15 and a beta of 0.99. The company has a current ratio of 3.52, a quick ratio of 2.90 and a debt-to-equity ratio of 0.53.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 8th. Stockholders of record on Thursday, February 22nd were paid a dividend of $0.37 per share. The ex-dividend date was Wednesday, February 21st. This represents a $1.48 annualized dividend and a dividend yield of 0.67%. Littelfuse’s dividend payout ratio (DPR) is 28.52%.
In related news, SVP Ian Highley sold 9,378 shares of the company’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $212.50, for a total transaction of $1,992,825.00. Following the completion of the sale, the senior vice president now directly owns 4,121 shares of the company’s stock, valued at approximately $875,712.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Michael P. Rutz sold 968 shares of the company’s stock in a transaction 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 sale, the senior vice president now directly owns 4,842 shares of the company’s stock, valued at $992,610. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 71,289 shares of company stock worth $15,271,800. 1.80% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of LFUS. Royal Bank of Canada boosted its holdings in shares of Littelfuse by 63.6% during the 2nd quarter. Royal Bank of Canada now owns 1,178 shares of the technology company’s stock worth $194,000 after buying an additional 458 shares during the period. Nationwide Fund Advisors boosted its holdings in shares of Littelfuse by 1.9% during the 3rd quarter. Nationwide Fund Advisors now owns 105,823 shares of the technology company’s stock worth $20,729,000 after buying an additional 2,000 shares during the period. Crossmark Global Holdings Inc. bought a new stake in shares of Littelfuse during the 3rd quarter worth $602,000. Prudential Financial Inc. boosted its holdings in shares of Littelfuse by 1.9% during the 3rd quarter. Prudential Financial Inc. now owns 18,107 shares of the technology company’s stock worth $3,546,000 after buying an additional 340 shares during the period. Finally, Sei Investments Co. boosted its holdings in shares of Littelfuse by 8.1% during the 3rd quarter. Sei Investments Co. now owns 18,315 shares of the technology company’s stock worth $3,588,000 after buying an additional 1,372 shares during the period. 94.58% of the stock is owned by institutional investors and hedge funds.
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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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