Ian Highley Sells 14,400 Shares of Littelfuse Inc. (LFUS) Stock
Littelfuse Inc. (NASDAQ:LFUS) SVP Ian Highley sold 14,400 shares of Littelfuse stock in a transaction on Friday, November 18th. The shares were sold at an average price of $149.01, for a total transaction of $2,145,744.00. Following the completion of the transaction, the senior vice president now directly owns 13,428 shares of the company’s stock, valued at approximately $2,000,906.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Ian Highley also recently made the following trade(s):
- On Thursday, September 1st, Ian Highley sold 1,313 shares of Littelfuse stock. The shares were sold at an average price of $127.07, for a total transaction of $166,842.91.
Shares of Littelfuse Inc. (NASDAQ:LFUS) opened at 149.72 on Thursday. Littelfuse Inc. has a 1-year low of $90.61 and a 1-year high of $154.12. The stock has a market cap of $3.37 billion, a PE ratio of 34.02 and a beta of 1.11. The stock’s 50 day moving average is $137.26 and its 200-day moving average is $124.14.
Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $1.87 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.87. The firm earned $280.30 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.43 EPS. On average, analysts predict that Littelfuse Inc. will post $6.22 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Wednesday, November 23rd will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Monday, November 21st. Littelfuse’s dividend payout ratio is currently 30.00%.
LFUS has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Littelfuse from a “hold” rating to a “buy” rating and set a $144.00 price objective 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. reissued an “outperform” rating and set a $155.00 target price (up previously from $145.00) on shares of Littelfuse in a research note on Tuesday, November 1st. Finally, Robert W. Baird boosted their target price on shares of Littelfuse from $128.00 to $132.00 and gave the stock an “outperform” rating in a research note on Friday, August 26th.
A number of hedge funds have recently modified their holdings of LFUS. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Littelfuse by 12.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 828 shares of the company’s stock worth $107,000 after buying an additional 89 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake 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. Advisor Group Inc. boosted its stake in shares of Littelfuse by 12.8% in the third quarter. Advisor Group Inc. now owns 880 shares of the company’s stock worth $111,000 after buying an additional 100 shares in the last quarter. Invictus RG acquired a new stake in shares of Littelfuse during the second quarter worth $187,000. Finally, Bessemer Group Inc. boosted its stake in shares of Littelfuse by 91.4% in the second quarter. Bessemer Group Inc. now owns 1,860 shares of the company’s stock worth $220,000 after buying an additional 888 shares in the last quarter. Hedge funds and other institutional investors own 99.11% 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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