Littelfuse Inc. (LFUS) Director John E. Major Sells 4,420 Shares of Stock
Littelfuse Inc. (NASDAQ:LFUS) Director John E. Major sold 4,420 shares of the stock in a transaction on Friday, November 18th. The stock was sold at an average price of $149.07, for a total transaction of $658,889.40. Following the transaction, the director now owns 26,625 shares of the company’s stock, valued at approximately $3,968,988.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Littelfuse Inc. (NASDAQ:LFUS) traded up 0.23% during mid-day trading on Wednesday, reaching $147.25. 9,163 shares of the company’s stock were exchanged. The company has a market cap of $3.32 billion, a PE ratio of 33.46 and a beta of 1.11. The company’s 50-day moving average price is $136.60 and its 200 day moving average price is $123.96. Littelfuse Inc. has a 52-week low of $90.61 and a 52-week high of $154.12.
Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings results on Thursday, November 3rd. The company reported $1.87 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.87. The business earned $280.30 million during the quarter, compared to analyst estimates of $131.81 million. Littelfuse had a net margin of 10.05% and a return on equity of 17.27%. Littelfuse’s quarterly revenue was up 30.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.43 EPS. On average, equities research analysts predict that Littelfuse Inc. will post $6.22 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Wednesday, November 23rd will be paid a dividend of $0.33 per share. The ex-dividend date is Monday, November 21st. This represents a $1.32 dividend on an annualized basis and a yield of 0.90%. Littelfuse’s dividend payout ratio (DPR) is presently 30.00%.
LFUS has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Littelfuse from a “hold” rating to a “buy” rating and set a $144.00 target price for the company in a report on Thursday, October 13th. Sidoti cut shares of Littelfuse from a “buy” rating to a “neutral” rating in a research note on Monday. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $155.00 price target (up previously from $145.00) on shares of Littelfuse in a research note on Tuesday, November 1st. Finally, 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 research note on Friday, August 26th.
A number of hedge funds have recently made changes to their positions in LFUS. State Street Corp raised its stake in shares of Littelfuse by 0.6% in the first quarter. State Street Corp now owns 469,548 shares of the company’s stock worth $57,806,000 after buying an additional 2,709 shares during the period. Geode Capital Management LLC raised its stake in shares of Littelfuse by 3.8% in the first quarter. Geode Capital Management LLC now owns 154,435 shares of the company’s stock worth $19,011,000 after buying an additional 5,642 shares during the period. Magnetar Financial LLC acquired a new stake in shares of Littelfuse during the first quarter worth approximately $254,000. Logan Capital Management Inc. acquired a new stake in shares of Littelfuse during the first quarter worth approximately $3,186,000. Finally, First Republic Investment Management Inc. raised its stake in shares of 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 during the period. Institutional investors and hedge funds own 99.11% of the company’s stock.
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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