Littelfuse (NASDAQ:LFUS) Now Covered by Jefferies Financial Group

Jefferies Financial Group initiated coverage on shares of Littelfuse (NASDAQ:LFUS) in a research report released on Wednesday, Marketbeat.com reports. The brokerage issued a buy rating and a $471.00 price target on the technology company’s stock.

Other analysts have also issued research reports about the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Littelfuse in a research note on Wednesday, October 28th. Oppenheimer restated an “outperform” rating on shares of Littelfuse in a research note on Thursday, October 29th. Zacks Research raised Littelfuse from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 30th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $520.00 target price on shares of Littelfuse in a research report on Wednesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Littelfuse currently has an average rating of “Buy” and an average price target of $466.57.

Littelfuse Trading Up 3.7%

Shares of NASDAQ:LFUS opened at $397.70 on Wednesday. Littelfuse has a one year low of $233.36 and a one year high of $500.57. The stock has a market capitalization of $10.10 billion, a PE ratio of 325.99, a price-to-earnings-growth ratio of 1.74 and a beta of 1.50. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.67 and a quick ratio of 2.01. The company’s 50-day moving average price is $405.14 and its two-hundred day moving average price is $402.54.

Littelfuse (NASDAQ:LFUS) last released its earnings results on Wednesday, October 28th. The technology company reported $5.79 earnings per share for the quarter, beating the consensus estimate of $4.97 by $0.82. The business had revenue of $795.20 million during the quarter, compared to analysts’ expectations of $792.49 million. Littelfuse had a net margin of 1.37% and a return on equity of 15.86%. The firm’s revenue was up 22.7% on a year-over-year basis. During the same period last year, the business earned $2.77 earnings per share. On average, equities analysts forecast that Littelfuse will post 18.37 EPS for the current fiscal year.

Littelfuse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 19th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Thursday, November 19th. Littelfuse’s dividend payout ratio is currently 262.30%.

Insiders Place Their Bets

In related news, SVP David Ruppel sold 1,493 shares of the firm’s stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $404.57, for a total value of $604,023.01. Following the sale, the senior vice president directly owned 4,720 shares of the company’s stock, valued at $1,909,570.40. This trade represents a 24.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Littelfuse

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. bought a new position in Littelfuse during the second quarter valued at approximately $1,148,821,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Littelfuse in the 2nd quarter valued at $185,057,000. William Blair Investment Management LLC bought a new position in shares of Littelfuse during the 2nd quarter valued at $146,471,000. Bank of America Corp DE bought a new position in shares of Littelfuse during the 2nd quarter valued at $115,306,000. Finally, Jupiter Topco LLC bought a new position in shares of Littelfuse during the 2nd quarter valued at $94,552,000. 96.14% of the stock is currently owned by institutional investors.

Littelfuse Company Profile

Littelfuse, Inc. is a global manufacturer of products that help protect and control electrical systems. Its offerings include fuses and other circuit-protection components, power-control devices, sensors, and electronic components used in a range of applications. The company serves customers in markets including automotive, industrial, commercial vehicles, and electronics. Its products are used to protect equipment from electrical faults, manage power, and monitor conditions in systems and devices.