Littelfuse Inc. (NASDAQ:LFUS) Chairman Gordon Hunter sold 20,000 shares of the firm’s stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $122.69, for a total transaction of $2,453,800.00. Following the completion of the sale, the chairman now owns 54,344 shares in the company, valued at $6,667,465.36. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Gordon Hunter also recently made the following trade(s):
- On Monday, September 19th, Gordon Hunter sold 20,000 shares of Littelfuse stock. The shares were 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 shares were sold at an average price of $125.65, for a total transaction of $1,256,500.00.
Shares of Littelfuse Inc. (NASDAQ:LFUS) opened at 125.40 on Wednesday. Littelfuse Inc. has a 12 month low of $86.38 and a 12 month high of $130.40. The stock’s 50 day moving average is $123.10 and its 200 day moving average is $119.02. The firm has a market capitalization of $2.82 billion, a price-to-earnings ratio of 35.34 and a beta of 1.35.
Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings results on Thursday, August 4th. The company reported $1.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.01. Littelfuse had a net margin of 8.66% and a return on equity of 17.48%. The firm had revenue of $271.90 million for the quarter, compared to analyst estimates of $271.13 million. During the same period in the prior year, the firm posted $1.33 earnings per share. The company’s quarterly revenue was up 22.5% compared to the same quarter last year. Equities research analysts forecast that Littelfuse Inc. will post $5.52 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 8th. Shareholders of record on Thursday, August 25th were given a dividend of $0.33 per share. This is a positive change from Littelfuse’s previous quarterly dividend of $0.29. This represents a $1.32 annualized dividend and a yield of 1.05%. The ex-dividend date was Tuesday, August 23rd. Littelfuse’s dividend payout ratio is 37.18%.
Hedge funds have recently bought and sold shares of the company. Norges Bank purchased a new stake in Littelfuse during the fourth quarter valued at about $22,377,000. Fisher Asset Management LLC raised its stake in Littelfuse by 8.0% in the first quarter. Fisher Asset Management LLC now owns 227,419 shares of the company’s stock valued at $27,436,000 after buying an additional 16,890 shares during the period. Moody Aldrich Partners LLC purchased a new stake in Littelfuse during the first quarter valued at about $467,000. Aperio Group LLC raised its stake in Littelfuse by 6.6% in the first quarter. Aperio Group LLC now owns 5,237 shares of the company’s stock valued at $645,000 after buying an additional 322 shares during the period. Finally, Nisa Investment Advisors L.L.C. raised its stake in Littelfuse by 43.9% in the first quarter. Nisa Investment Advisors L.L.C. now owns 9,500 shares of the company’s stock valued at $1,170,000 after buying an additional 2,900 shares during the period. 98.34% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have recently weighed in on LFUS shares. Zacks Investment Research upgraded shares of Littelfuse from a “hold” rating to a “buy” rating and set a $128.00 target price on the stock in a research report on Thursday, July 7th. Oppenheimer Holdings Inc. lifted their target price on shares of Littelfuse from $138.00 to $145.00 and gave the company an “outperform” rating in a research report on Tuesday, September 13th. Finally, Robert W. Baird lifted their target price on shares of Littelfuse from $128.00 to $132.00 and gave the company an “outperform” rating in a research report on Friday, August 26th.
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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