Insider Selling: Littelfuse, Inc. (NASDAQ:LFUS) CAO Sells 700 Shares of Stock

Littelfuse, Inc. (NASDAQ:LFUS - Get Free Report) CAO Jeffrey G. Gorski sold 700 shares of the business's stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $249.02, for a total value of $174,314.00. Following the sale, the chief accounting officer now owns 3,105 shares in the company, valued at approximately $773,207.10. The trade was a 18.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Littelfuse Price Performance

LFUS stock traded up $3.24 during midday trading on Monday, reaching $249.54. 93,558 shares of the stock were exchanged, compared to its average volume of 126,312. The stock has a market capitalization of $6.19 billion, a PE ratio of 32.04, a P/E/G ratio of 2.48 and a beta of 1.26. Littelfuse, Inc. has a 52 week low of $222.91 and a 52 week high of $275.58. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.55 and a quick ratio of 2.52. The company has a fifty day moving average price of $251.16 and a 200 day moving average price of $255.26.

Littelfuse (NASDAQ:LFUS - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.71 earnings per share for the quarter, topping analysts' consensus estimates of $2.09 by $0.62. The business had revenue of $567.39 million for the quarter, compared to the consensus estimate of $557.38 million. Littelfuse had a return on equity of 8.49% and a net margin of 8.88%. The firm's revenue for the quarter was down 6.5% on a year-over-year basis. During the same period in the prior year, the business earned $2.97 EPS. As a group, analysts expect that Littelfuse, Inc. will post 8.47 EPS for the current fiscal year.

Littelfuse Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.12%. The ex-dividend date was Thursday, November 21st. Littelfuse's dividend payout ratio (DPR) is currently 35.99%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Oppenheimer upgraded Littelfuse from a "market perform" rating to an "outperform" rating and set a $310.00 price target for the company in a report on Thursday, October 17th. StockNews.com upgraded Littelfuse from a "hold" rating to a "buy" rating in a research note on Friday, October 18th. Robert W. Baird increased their target price on Littelfuse from $300.00 to $315.00 and gave the stock an "outperform" rating in a report on Thursday, August 29th. Finally, Benchmark reiterated a "hold" rating on shares of Littelfuse in a report on Wednesday, October 30th. Three equities research 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 company. According to MarketBeat, Littelfuse has an average rating of "Moderate Buy" and an average price target of $285.00.

Institutional Investors Weigh In On Littelfuse

Hedge funds and other institutional investors have recently modified their holdings of the stock. Huntington National Bank grew its holdings in shares of Littelfuse by 200.0% during the 3rd quarter. Huntington National Bank now owns 96 shares of the technology company's stock worth $25,000 after acquiring an additional 64 shares during the period. Truvestments Capital LLC bought a new position in Littelfuse in the 3rd quarter valued at approximately $27,000. CWM LLC lifted its position in 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 acquiring an additional 115 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of Littelfuse by 70.2% during the 3rd quarter. UMB Bank n.a. now owns 143 shares of the technology company's stock valued at $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 3rd quarter valued at $53,000. Institutional investors own 96.14% of the company's stock.

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.