Robert W. Baird lowered shares of Littelfuse (NASDAQ:LFUS) from an outperform rating to a neutral rating in a report issued on Thursday, BenzingaRatingsTable reports. They currently have $171.00 price objective on the technology company’s stock, down from their previous price objective of $193.00.
Several other equities analysts have also commented on LFUS. ValuEngine lowered Littelfuse from a buy rating to a hold rating in a research report on Thursday. Barrington Research reissued a hold rating on shares of Littelfuse in a research report on Wednesday, May 29th. Zacks Investment Research lowered Littelfuse from a hold rating to a sell rating in a research report on Tuesday, July 16th. Longbow Research lowered Littelfuse from a buy rating to a neutral rating in a research report on Wednesday, April 17th. Finally, Cowen reissued an outperform rating and set a $200.00 price objective (down previously from $210.00) on shares of Littelfuse in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $207.33.
Littelfuse stock traded down $3.79 on Thursday, hitting $155.34. 359 shares of the stock traded hands, compared to its average volume of 229,461. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.85 and a current ratio of 3.90. The stock has a market capitalization of $3.91 billion, a price-to-earnings ratio of 16.44, a P/E/G ratio of 1.66 and a beta of 1.07. The firm has a fifty day moving average of $175.65. Littelfuse has a 1 year low of $155.15 and a 1 year high of $229.73.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 22nd will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Wednesday, August 21st. This is a positive change from Littelfuse’s previous quarterly dividend of $0.43. Littelfuse’s payout ratio is currently 18.22%.
In other news, SVP Ian Highley sold 986 shares of Littelfuse stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $165.79, for a total value of $163,468.94. Following the completion of the transaction, the senior vice president now owns 1,839 shares of the company’s stock, valued at approximately $304,887.81. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.50% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Wambolt & Associates LLC raised its position in shares of Littelfuse by 4.3% in the 1st quarter. Wambolt & Associates LLC now owns 1,361 shares of the technology company’s stock worth $262,000 after purchasing an additional 56 shares during the last quarter. YorkBridge Wealth Partners LLC raised its position in Littelfuse by 9.3% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 696 shares of the technology company’s stock worth $123,000 after buying an additional 59 shares during the last quarter. Connable Office Inc. raised its position in Littelfuse by 3.5% in the 1st quarter. Connable Office Inc. now owns 2,036 shares of the technology company’s stock worth $372,000 after buying an additional 68 shares during the last quarter. First Bank & Trust raised its position in Littelfuse by 9.0% in the 2nd quarter. First Bank & Trust now owns 1,014 shares of the technology company’s stock worth $179,000 after buying an additional 84 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in Littelfuse by 1.2% in the 4th quarter. Public Employees Retirement System of Ohio now owns 7,305 shares of the technology company’s stock worth $1,253,000 after buying an additional 87 shares during the last quarter. 98.77% of the stock is owned by hedge funds and other institutional investors.
Littelfuse, Inc designs, manufactures, and sells circuit protection, power control, and sensing products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, silicon carbide, metal-oxide-semiconductor field-effect transistors, and silicon carbide diodes, as well as insulated gate bipolar transistors.
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