Jeffrey G. Gorski Sells 700 Shares of Littelfuse, Inc. (NASDAQ:LFUS) Stock

Littelfuse, Inc. (NASDAQ:LFUS) CAO Jeffrey G. Gorski sold 700 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $249.02, for a total transaction of $174,314.00. Following the completion of the transaction, the chief accounting officer now owns 3,105 shares of the company’s stock, valued at $773,207.10. This trade represents a 18.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Littelfuse Trading Down 2.3 %

LFUS opened at $243.74 on Wednesday. The firm’s fifty day moving average is $250.95 and its two-hundred day moving average is $255.22. The firm has a market cap of $6.05 billion, a PE ratio of 31.33, a price-to-earnings-growth ratio of 2.48 and a beta of 1.26. Littelfuse, Inc. has a twelve month low of $222.91 and a twelve month high of $275.58. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.52 and a current ratio of 3.55.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.71 EPS for the quarter, topping the consensus estimate of $2.09 by $0.62. Littelfuse had a return on equity of 8.49% and a net margin of 8.88%. The business had revenue of $567.39 million for the quarter, compared to the consensus estimate of $557.38 million. During the same quarter last year, the business posted $2.97 EPS. The firm’s revenue was down 6.5% compared to the same quarter last year. Equities research analysts anticipate that Littelfuse, Inc. will post 8.47 EPS for the current year.

Littelfuse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were given a $0.70 dividend. The ex-dividend date was Thursday, November 21st. This represents a $2.80 annualized dividend and a dividend yield of 1.15%. Littelfuse’s dividend payout ratio is presently 35.99%.

Institutional Trading of Littelfuse

Several hedge funds have recently bought and sold shares of LFUS. Huntington National Bank boosted its holdings in shares of Littelfuse by 200.0% in the third quarter. Huntington National Bank now owns 96 shares of the technology company’s stock valued at $25,000 after buying an additional 64 shares during the period. Truvestments Capital LLC bought a new position in Littelfuse during the 3rd quarter worth about $27,000. CWM LLC raised its stake in shares of Littelfuse by 410.7% in the 2nd quarter. CWM LLC now owns 143 shares of the technology company’s stock valued at $37,000 after purchasing an additional 115 shares during the period. UMB Bank n.a. boosted its position in shares of Littelfuse by 70.2% during the third quarter. UMB Bank n.a. now owns 143 shares of the technology company’s stock worth $38,000 after buying an additional 59 shares during the period. Finally, Meeder Asset Management Inc. bought a new position in shares of Littelfuse during the third quarter worth about $53,000. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on LFUS. Benchmark reiterated a “hold” rating on shares of Littelfuse in a report on Wednesday, October 30th. StockNews.com upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Robert W. Baird increased their price objective on shares of Littelfuse from $300.00 to $315.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. Finally, Oppenheimer upgraded shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 target price for the company in a research report on Thursday, October 17th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $285.00.

About Littelfuse

Littelfuse, Inc designs, manufactures, and sells electronic components, modules, and subassemblies in the Americas, Asia-Pacific, and Europe. The company operates through Electronic, Transportation, and Industrial segments. The Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, electromechanical switches and interconnect solutions, polymer electrostatic discharge suppressors, varistors, reed switch based magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, metal-oxide-semiconductor field-effect transistors and diodes, and insulated gate bipolar transistors.