Gordon Hunter Sells 8,950 Shares of Littelfuse Inc. (LFUS) Stock
Littelfuse Inc. (NASDAQ:LFUS) CEO Gordon Hunter sold 8,950 shares of the company’s stock in a transaction dated Tuesday, September 20th. The stock was sold at an average price of $125.85, for a total transaction of $1,126,357.50. Following the sale, the chief executive officer now directly owns 48,354 shares of the company’s stock, valued at approximately $6,085,350.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Gordon Hunter also recently made the following trade(s):
- On Monday, September 19th, Gordon Hunter sold 20,000 shares of Littelfuse stock. The stock was sold at an average price of $126.07, for a total transaction of $2,521,400.00.
- On Thursday, September 15th, Gordon Hunter sold 10,000 shares of Littelfuse stock. The stock was sold at an average price of $125.65, for a total transaction of $1,256,500.00.
- On Wednesday, September 14th, Gordon Hunter sold 20,000 shares of Littelfuse stock. The stock was sold at an average price of $122.69, for a total transaction of $2,453,800.00.
Littelfuse Inc. (NASDAQ:LFUS) traded up 1.45% on Wednesday, hitting $127.22. 100,328 shares of the stock were exchanged. The firm has a market cap of $2.86 billion, a PE ratio of 35.86 and a beta of 1.35. Littelfuse Inc. has a 52-week low of $86.38 and a 52-week high of $130.40. The company has a 50-day moving average price of $123.23 and a 200-day moving average price of $119.08.
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Littelfuse (NASDAQ:LFUS) last released its earnings results on Thursday, August 4th. The company reported $1.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.01. Littelfuse had a return on equity of 17.48% and a net margin of 8.66%. The business had revenue of $271.90 million for the quarter, compared to the consensus estimate of $271.13 million. During the same period in the previous year, the company posted $1.33 earnings per share. The company’s revenue for the quarter was up 22.5% compared to the same quarter last year. On average, equities research analysts anticipate that Littelfuse Inc. will post $5.52 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 8th. Stockholders of record on Thursday, August 25th were issued a dividend of $0.33 per share. This is an increase from Littelfuse’s previous quarterly dividend of $0.29. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend was Tuesday, August 23rd. Littelfuse’s dividend payout ratio is presently 37.18%.
Several research firms recently weighed in on LFUS. Oppenheimer Holdings Inc. upped their price objective on shares of Littelfuse from $138.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 13th. Robert W. Baird upped their price objective on shares of Littelfuse from $128.00 to $132.00 and gave the stock an “outperform” rating in a research report on Friday, August 26th. Finally, Zacks Investment Research cut shares of Littelfuse from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio increased its position in shares of Littelfuse by 2.7% in the second quarter. Public Employees Retirement System of Ohio now owns 845 shares of the company’s stock worth $100,000 after buying an additional 22 shares during the last quarter. Bessemer Group Inc. acquired a new position in shares of Littelfuse during the first quarter worth about $119,000. Invictus RG acquired a new position in shares of Littelfuse during the second quarter worth about $187,000. BlackRock Inc. increased its position in shares of Littelfuse by 108.1% in the first quarter. BlackRock Inc. now owns 1,617 shares of the company’s stock worth $199,000 after buying an additional 840 shares during the last quarter. Finally, Weatherly Asset Management L. P. increased its position in shares of Littelfuse by 610.0% in the second quarter. Weatherly Asset Management L. P. now owns 14,200 shares of the company’s stock worth $234,000 after buying an additional 12,200 shares during the last quarter. 98.34% of the stock is currently owned by hedge funds and other institutional investors.
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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