Littelfuse Inc. (LFUS) CEO Gordon Hunter Sells 8,950 Shares of Stock
Littelfuse Inc. (NASDAQ:LFUS) CEO Gordon Hunter sold 8,950 shares of Littelfuse stock in a transaction that occurred on Tuesday, September 20th. The shares were sold at an average price of $125.85, for a total transaction of $1,126,357.50. Following the transaction, the chief executive officer now owns 48,354 shares of the company’s stock, valued at $6,085,350.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 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.
Shares of Littelfuse Inc. (NASDAQ:LFUS) opened at 127.22 on Thursday. The firm has a 50-day moving average of $123.23 and a 200-day moving average of $119.08. The company has a market cap of $2.86 billion, a P/E 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.
Littelfuse (NASDAQ:LFUS) last issued its earnings results on Thursday, August 4th. The company reported $1.44 EPS for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.01. The business had revenue of $271.90 million for 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 company’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.33 EPS. Equities research analysts forecast that Littelfuse Inc. will post $5.52 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 8th. Shareholders of record on Thursday, August 25th were paid a $0.33 dividend. 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 yield of 1.04%. The ex-dividend date of this dividend was Tuesday, August 23rd. Littelfuse’s dividend payout ratio is currently 37.18%.
A number of equities analysts recently weighed in on the stock. Robert W. Baird boosted their price objective on shares of Littelfuse from $128.00 to $132.00 and gave the stock an “outperform” rating in a report on Friday, August 26th. Oppenheimer Holdings Inc. boosted their price objective on shares of Littelfuse from $138.00 to $145.00 and gave the stock an “outperform” rating in a report on Tuesday, September 13th. Finally, Zacks Investment Research lowered shares of Littelfuse from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th.
A number of institutional investors have recently modified their holdings of LFUS. 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 in the last quarter. Bessemer Group Inc. bought a new position in shares of Littelfuse during the first quarter worth approximately $119,000. Invictus RG bought a new position in shares of Littelfuse during the second quarter worth approximately $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 in the last quarter. Finally, Magnetar Financial LLC bought a new position in shares of Littelfuse during the first quarter worth approximately $254,000. Institutional investors and hedge funds own 98.34% of the company’s stock.
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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