Insider Selling: Littelfuse, Inc. (NASDAQ:LFUS) CEO Sells 300 Shares of Stock

Littelfuse, Inc. (NASDAQ:LFUS) CEO David W. Heinzmann sold 300 shares of the stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $273.17, for a total transaction of $81,951.00. Following the transaction, the chief executive officer now directly owns 59,654 shares in the company, valued at $16,295,683.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Littelfuse Stock Down 2.8 %

LFUS stock opened at $259.53 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.57 and a quick ratio of 2.44. Littelfuse, Inc. has a 52-week low of $212.80 and a 52-week high of $309.21. The company has a 50-day moving average of $257.51 and a two-hundred day moving average of $245.63. The stock has a market capitalization of $6.43 billion, a price-to-earnings ratio of 29.73, a price-to-earnings-growth ratio of 2.63 and a beta of 1.29.

Littelfuse (NASDAQ:LFUS) last released its earnings results on Tuesday, April 30th. The technology company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.01. Littelfuse had a net margin of 9.58% and a return on equity of 10.21%. The business had revenue of $535.39 million during the quarter, compared to analysts’ expectations of $519.08 million. During the same quarter last year, the company earned $3.64 earnings per share. The firm’s revenue was down 12.2% on a year-over-year basis. As a group, equities research analysts anticipate that Littelfuse, Inc. will post 8.47 EPS for the current year.

Littelfuse Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Thursday, May 23rd were paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend was Wednesday, May 22nd. Littelfuse’s payout ratio is presently 29.78%.

Wall Street Analyst Weigh In

Several equities analysts have commented on LFUS shares. Stifel Nicolaus increased their target price on shares of Littelfuse from $240.00 to $250.00 and gave the stock a “hold” rating in a research report on Monday, July 15th. StockNews.com downgraded shares of Littelfuse from a “buy” rating to a “hold” rating in a research report on Saturday, March 30th. Benchmark restated a “hold” rating on shares of Littelfuse in a report on Thursday, May 2nd. Robert W. Baird upgraded shares of Littelfuse from a “neutral” rating to an “outperform” rating and upped their price target for the company from $270.00 to $300.00 in a report on Friday, May 17th. Finally, Jefferies Financial Group began coverage on shares of Littelfuse in a report on Tuesday, April 9th. They set a “hold” rating and a $260.00 price target for the company. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $270.00.

Institutional Investors Weigh In On Littelfuse

Several hedge funds have recently made changes to their positions in LFUS. Citigroup Inc. lifted its stake in shares of Littelfuse by 12.9% in the third quarter. Citigroup Inc. now owns 2,255 shares of the technology company’s stock valued at $558,000 after buying an additional 257 shares during the period. Vanguard Group Inc. lifted its stake in shares of Littelfuse by 0.8% in the third quarter. Vanguard Group Inc. now owns 2,632,292 shares of the technology company’s stock valued at $651,018,000 after buying an additional 20,947 shares during the period. Raymond James Trust N.A. lifted its stake in shares of Littelfuse by 4.1% in the fourth quarter. Raymond James Trust N.A. now owns 1,156 shares of the technology company’s stock valued at $309,000 after buying an additional 45 shares during the period. Handelsinvest Investeringsforvaltning bought a new stake in shares of Littelfuse in the fourth quarter valued at about $429,000. Finally, Vest Financial LLC bought a new position in Littelfuse during the fourth quarter worth about $245,000. Institutional investors own 96.14% of the company’s stock.

Littelfuse Company Profile

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.