Littelfuse Inc. (LFUS) Lowered to “Neutral” at Sidoti
A number of other equities research analysts have also recently issued reports on the company. Oppenheimer Holdings Inc. boosted their price objective on Littelfuse from $138.00 to $145.00 and gave the company an outperform rating in a research note on Tuesday, September 13th. Robert W. Baird boosted their price objective on Littelfuse from $128.00 to $132.00 and gave the company an outperform rating in a research note on Friday, August 26th. Finally, Zacks Investment Research upgraded Littelfuse from a hold rating to a buy rating and set a $144.00 price objective on the stock in a research note on Thursday, October 13th.
Littelfuse (NASDAQ:LFUS) traded up 0.31% during mid-day trading on Monday, reaching $145.66. 14,412 shares of the company’s stock traded hands. Littelfuse has a 12 month low of $90.61 and a 12 month high of $154.12. The company has a 50 day moving average price of $136.05 and a 200-day moving average price of $123.70. The stock has a market cap of $3.28 billion, a P/E ratio of 33.10 and a beta of 1.11.
Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $1.87 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.87. The company had revenue of $280.30 million for the quarter, compared to the consensus estimate of $131.81 million. Littelfuse had a net margin of 10.05% and a return on equity of 17.27%. The firm’s quarterly revenue was up 30.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.43 EPS. On average, analysts anticipate that Littelfuse will post $6.22 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Wednesday, November 23rd will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend is Monday, November 21st. Littelfuse’s dividend payout ratio is presently 30.00%.
In related news, SVP Ian Highley sold 1,313 shares of the company’s stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $127.07, for a total value of $166,842.91. Following the transaction, the senior vice president now directly owns 5,628 shares in the company, valued at $715,149.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO David W. Heinzmann sold 9,400 shares of the company’s stock in a transaction that occurred on Wednesday, August 31st. The stock was sold at an average price of $127.00, for a total transaction of $1,193,800.00. Following the completion of the transaction, the chief operating officer now owns 28,960 shares in the company, valued at $3,677,920. The disclosure for this sale can be found here. Insiders own 2.40% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Littelfuse by 12.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 828 shares of the company’s stock valued at $107,000 after buying an additional 89 shares during the period. Public Employees Retirement System of Ohio boosted its position in Littelfuse by 2.7% in the second quarter. Public Employees Retirement System of Ohio now owns 845 shares of the company’s stock valued at $100,000 after buying an additional 22 shares during the period. Advisor Group Inc. boosted its position in Littelfuse by 12.8% in the third quarter. Advisor Group Inc. now owns 880 shares of the company’s stock valued at $111,000 after buying an additional 100 shares during the period. Invictus RG bought a new position in Littelfuse during the second quarter valued at $187,000. Finally, Bessemer Group Inc. boosted its position in Littelfuse by 91.4% in the second quarter. Bessemer Group Inc. now owns 1,860 shares of the company’s stock valued at $220,000 after buying an additional 888 shares during the period. Institutional investors own 99.11% of the company’s stock.
Littelfuse Company Profile
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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