Insider Selling: Littelfuse Inc. (LFUS) Chairman Sells 20,000 Shares of Stock
Littelfuse Inc. (NASDAQ:LFUS) Chairman Gordon Hunter sold 20,000 shares of the company’s stock in a transaction on Monday, September 19th. The stock was sold at an average price of $126.07, for a total transaction of $2,521,400.00. Following the transaction, the chairman now owns 49,404 shares of the company’s stock, valued at approximately $6,228,362.28. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Gordon Hunter also recently made the following trade(s):
- 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) opened at 125.40 on Wednesday. Littelfuse Inc. has a one year low of $86.38 and a one year high of $130.40. The stock has a market cap of $2.82 billion, a P/E ratio of 35.34 and a beta of 1.35. The stock has a 50 day moving average of $123.10 and a 200-day moving average of $119.02.
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Littelfuse (NASDAQ:LFUS) last released its quarterly earnings data on Thursday, August 4th. The company reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.01. The firm earned $271.90 million during the quarter, compared to the consensus estimate of $271.13 million. Littelfuse had a net margin of 8.66% and a return on equity of 17.48%. The firm’s revenue was up 22.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.33 earnings per share. Analysts anticipate that Littelfuse Inc. will post $5.52 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 8th. Shareholders of record on Thursday, August 25th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend was Tuesday, August 23rd. This is an increase from Littelfuse’s previous quarterly dividend of $0.29. Littelfuse’s payout ratio is currently 37.18%.
A number of equities analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Littelfuse from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th. Robert W. Baird increased their price target on shares of Littelfuse from $128.00 to $132.00 and gave the company an “outperform” rating in a report on Friday, August 26th. Finally, Oppenheimer Holdings Inc. increased their price target on shares of Littelfuse from $138.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday, September 13th.
A number of institutional investors have recently added to or reduced their stakes in the company. Geneva Advisors LLC increased its position in Littelfuse by 0.3% in the second quarter. Geneva Advisors LLC now owns 5,529 shares of the company’s stock worth $653,000 after buying an additional 15 shares in the last quarter. M&T Bank Corp increased its position in Littelfuse by 0.9% in the second quarter. M&T Bank Corp now owns 2,436 shares of the company’s stock worth $288,000 after buying an additional 21 shares in the last quarter. Public Employees Retirement System of Ohio increased 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 worth $100,000 after buying an additional 22 shares in the last quarter. Nisa Investment Advisors LLC increased its position in Littelfuse by 0.5% in the second quarter. Nisa Investment Advisors LLC now owns 9,550 shares of the company’s stock worth $1,129,000 after buying an additional 50 shares in the last quarter. Finally, First Republic Investment Management Inc. increased its position in Littelfuse by 1.5% in the first quarter. First Republic Investment Management Inc. now owns 5,198 shares of the company’s stock worth $640,000 after buying an additional 79 shares in the last quarter. 98.34% of the stock is 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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