Equities Analysts Issue Forecasts for Littelfuse, Inc.’s FY2024 Earnings (NASDAQ:LFUS)

Littelfuse, Inc. (NASDAQ:LFUSGet Rating) – Analysts at Jefferies Financial Group increased their FY2024 earnings estimates for shares of Littelfuse in a research report issued on Sunday, January 22nd. Jefferies Financial Group analyst D. Kelley now expects that the technology company will earn $15.70 per share for the year, up from their previous estimate of $15.65. The consensus estimate for Littelfuse’s current full-year earnings is $16.77 per share.

A number of other brokerages also recently issued reports on LFUS. Cowen downgraded Littelfuse from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $295.00 to $225.00 in a report on Thursday, November 3rd. StockNews.com initiated coverage on Littelfuse in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Cowen downgraded Littelfuse from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $295.00 to $225.00 in a report on Thursday, November 3rd. Finally, Stifel Nicolaus lowered their price target on Littelfuse from $270.00 to $216.00 and set a “hold” rating on the stock in a report on Monday, October 10th. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Littelfuse currently has a consensus rating of “Hold” and a consensus price target of $241.20.

Littelfuse Trading Up 0.7 %

Shares of NASDAQ:LFUS opened at $253.39 on Tuesday. The company has a market cap of $6.27 billion, a P/E ratio of 19.08, a PEG ratio of 1.42 and a beta of 1.25. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.19 and a quick ratio of 1.99. Littelfuse has a 1 year low of $192.19 and a 1 year high of $281.78. The stock’s fifty day moving average price is $235.04 and its 200-day moving average price is $231.57.

Littelfuse (NASDAQ:LFUSGet Rating) last announced its quarterly earnings data on Tuesday, November 1st. The technology company reported $4.28 EPS for the quarter, beating the consensus estimate of $3.81 by $0.47. Littelfuse had a net margin of 13.53% and a return on equity of 20.76%. The company had revenue of $658.88 million for the quarter, compared to the consensus estimate of $638.13 million.

Institutional Investors Weigh In On Littelfuse

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Xponance Inc. grew its holdings in Littelfuse by 12.7% during the 4th quarter. Xponance Inc. now owns 3,267 shares of the technology company’s stock valued at $719,000 after buying an additional 367 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Littelfuse by 1.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 26,210 shares of the technology company’s stock valued at $5,771,000 after buying an additional 335 shares in the last quarter. Ceredex Value Advisors LLC grew its holdings in Littelfuse by 1.6% during the 4th quarter. Ceredex Value Advisors LLC now owns 72,609 shares of the technology company’s stock valued at $15,989,000 after buying an additional 1,141 shares in the last quarter. Boston Trust Walden Corp grew its holdings in Littelfuse by 4,611.1% during the 4th quarter. Boston Trust Walden Corp now owns 116,694 shares of the technology company’s stock valued at $25,696,000 after buying an additional 114,217 shares in the last quarter. Finally, Inspirion Wealth Advisors LLC purchased a new stake in Littelfuse during the 4th quarter valued at approximately $243,000. 94.69% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Littelfuse

In other news, CAO Jeffrey G. Gorski sold 300 shares of the stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $236.14, for a total value of $70,842.00. Following the transaction, the chief accounting officer now owns 2,563 shares in the company, valued at approximately $605,226.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Matthew Cole sold 900 shares of the stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of $219.28, for a total value of $197,352.00. Following the completion of the sale, the senior vice president now directly owns 5,174 shares of the company’s stock, valued at approximately $1,134,554.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Jeffrey G. Gorski sold 300 shares of the stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $236.14, for a total transaction of $70,842.00. Following the completion of the sale, the chief accounting officer now directly owns 2,563 shares of the company’s stock, valued at $605,226.82. The disclosure for this sale can be found here. Company insiders own 2.40% of the company’s stock.

Littelfuse Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 8th. Stockholders of record on Thursday, November 24th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend was Tuesday, November 22nd. Littelfuse’s dividend payout ratio (DPR) is presently 18.07%.

About Littelfuse

(Get Rating)

Littelfuse, Inc engages in the manufacture of technologies in circuit protection, power control and sensing. It operates through the following segments: Electronics, Transportation, and Industrial. The Electronics segment covers a broad range of end markets, including industrial motor drives and power conversion, automotive electronics, electric vehicle and related infrastructure, power supplies, data centers and telecommunications, medical devices, alternative energy and energy storage, building and home automation, appliances, and mobile electronics.

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