Littelfuse Inc. (LFUS) Chairman Gordon Hunter Sells 20,000 Shares of Stock
Littelfuse Inc. (NASDAQ:LFUS) Chairman Gordon Hunter sold 20,000 shares of Littelfuse stock in a transaction that occurred 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 transaction, the chairman now directly owns 54,344 shares in the company, valued at $6,667,465.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
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.
Shares of Littelfuse Inc. (NASDAQ:LFUS) opened at 125.58 on Monday. Littelfuse Inc. has a 12-month low of $86.38 and a 12-month high of $130.40. The firm has a market capitalization of $2.82 billion, a PE ratio of 35.39 and a beta of 1.35. The company’s 50 day moving average is $122.88 and its 200 day moving average is $118.69.
Littelfuse (NASDAQ:LFUS) last issued 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. 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 firm’s quarterly revenue was up 22.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.33 EPS. On average, analysts forecast that Littelfuse Inc. will post $5.52 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 8th. Investors of record on Thursday, August 25th were given a dividend of $0.33 per share. This is an increase from Littelfuse’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Tuesday, August 23rd. This represents a $1.32 annualized dividend and a yield of 1.05%. Littelfuse’s dividend payout ratio is 37.18%.
LFUS has been the topic of several analyst reports. Zacks Investment Research raised 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 stock 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 stock an “outperform” rating in a research report on Friday, August 26th.
A number of hedge funds and other 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 valued at $100,000 after buying an additional 22 shares during the period. Bessemer Group Inc. bought a new position in shares of Littelfuse during the first quarter valued at about $119,000. Invictus RG bought a new position in shares of Littelfuse during the second quarter valued at 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 valued at $199,000 after buying an additional 840 shares during the period. 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 valued at $234,000 after buying an additional 12,200 shares during the period. 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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