Insider Selling: Littelfuse, Inc. (NASDAQ:LFUS) CAO Sells 700 Shares of Stock

Littelfuse, Inc. (NASDAQ:LFUS) CAO Jeffrey G. Gorski sold 700 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $249.02, for a total value of $174,314.00. Following the completion of the transaction, the chief accounting officer now owns 3,105 shares in the company, valued at approximately $773,207.10. This represents a 18.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Littelfuse Stock Down 3.3 %

Littelfuse stock opened at $235.60 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.52 and a current ratio of 3.55. The stock has a market cap of $5.85 billion, a PE ratio of 30.28, a price-to-earnings-growth ratio of 2.48 and a beta of 1.26. Littelfuse, Inc. has a fifty-two week low of $222.91 and a fifty-two week high of $275.58. The firm’s 50-day simple moving average is $250.22 and its 200 day simple moving average is $254.99.

Littelfuse (NASDAQ:LFUS) last released its earnings results on Tuesday, October 29th. The technology company reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.62. The company had revenue of $567.39 million during the quarter, compared to analyst estimates of $557.38 million. Littelfuse had a return on equity of 8.49% and a net margin of 8.88%. Littelfuse’s quarterly revenue was down 6.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.97 earnings per share. Research analysts predict that Littelfuse, Inc. will post 8.47 EPS for the current fiscal year.

Littelfuse Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend was Thursday, November 21st. Littelfuse’s dividend payout ratio (DPR) is currently 35.99%.

Institutional Trading of Littelfuse

A number of large investors have recently added to or reduced their stakes in the stock. Huntington National Bank grew its position in shares of Littelfuse by 200.0% during the 3rd quarter. Huntington National Bank now owns 96 shares of the technology company’s stock valued at $25,000 after acquiring an additional 64 shares during the period. Truvestments Capital LLC purchased a new position in Littelfuse in the third quarter valued at approximately $27,000. CWM LLC grew its holdings in Littelfuse by 410.7% during the second quarter. CWM LLC now owns 143 shares of the technology company’s stock valued at $37,000 after purchasing an additional 115 shares during the period. UMB Bank n.a. increased its position in Littelfuse by 70.2% in the third quarter. UMB Bank n.a. now owns 143 shares of the technology company’s stock worth $38,000 after buying an additional 59 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in shares of Littelfuse in the third quarter valued at $53,000. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Wall Street Analyst Weigh In

LFUS has been the topic of several research reports. Robert W. Baird upped their price objective on shares of Littelfuse from $300.00 to $315.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. Oppenheimer raised shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price target on the stock in a research report on Thursday, October 17th. StockNews.com upgraded Littelfuse from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Finally, Benchmark reissued a “hold” rating on shares of Littelfuse in a research note on Wednesday, October 30th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $285.00.

Littelfuse Company Profile

Littelfuse, Inc designs, manufactures, and sells electronic components, modules, and subassemblies in the Americas, Asia-Pacific, and Europe. The company operates through Electronic, Transportation, and Industrial segments. The Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, electromechanical switches and interconnect solutions, polymer electrostatic discharge suppressors, varistors, reed switch based magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, metal-oxide-semiconductor field-effect transistors and diodes, and insulated gate bipolar transistors.