Insider Selling: Littelfuse (NASDAQ:LFUS) SVP Sells 1,493 Shares of Stock

Littelfuse, Inc. (NASDAQ:LFUS) SVP David Ruppel sold 1,493 shares of the company’s stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $404.57, for a total value of $604,023.01. Following the completion of the sale, the senior vice president owned 4,720 shares in the company, valued at $1,909,570.40. The trade was a 24.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Littelfuse Stock Performance

NASDAQ LFUS traded down $11.00 during mid-day trading on Friday, reaching $393.08. 401,827 shares of the stock were exchanged, compared to its average volume of 289,148. The business’s 50 day moving average is $409.98 and its 200-day moving average is $398.29. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.00 and a current ratio of 2.67. Littelfuse, Inc. has a 1 year low of $233.36 and a 1 year high of $500.57. The company has a market capitalization of $9.98 billion, a P/E ratio of 322.20, a P/E/G ratio of 2.04 and a beta of 1.48.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings results on Wednesday, October 28th. The technology company reported $5.79 earnings per share for the quarter, topping analysts’ consensus estimates of $4.97 by $0.82. The company had revenue of $795.20 million during the quarter, compared to analysts’ expectations of $792.49 million. Littelfuse had a return on equity of 15.86% and a net margin of 1.37%. Littelfuse’s quarterly revenue was up 22.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.77 EPS. On average, equities research analysts forecast that Littelfuse, Inc. will post 15.78 EPS for the current fiscal year.

Littelfuse Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, November 19th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Thursday, November 19th. Littelfuse’s payout ratio is currently -640.00%.

Wall Street Analysts Forecast Growth

LFUS has been the subject of a number of recent analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Littelfuse in a research report on Wednesday. Needham & Company LLC reissued a “buy” rating and issued a $520.00 price objective on shares of Littelfuse in a research report on Wednesday. Oppenheimer restated an “outperform” rating on shares of Littelfuse in a research report on Thursday. Finally, Zacks Research downgraded Littelfuse from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $465.83.

Institutional Trading of Littelfuse

Large investors have recently made changes to their positions in the stock. Versant Capital Management Inc lifted its stake in shares of Littelfuse by 168.0% during the third quarter. Versant Capital Management Inc now owns 67 shares of the technology company’s stock valued at $28,000 after buying an additional 42 shares during the period. Caitlin John LLC purchased a new position in Littelfuse in the second quarter valued at approximately $33,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Littelfuse in the second quarter valued at about $51,000. Root Financial Partners LLC acquired a new position in Littelfuse during the 3rd quarter worth approximately $51,000. Finally, Cassaday & Co Wealth Management LLC purchased a new position in shares of Littelfuse in the first quarter valued at $68,000. Institutional investors and hedge funds own 96.14% of the company’s stock.

About Littelfuse

Littelfuse, Inc is a diversified industrial technology company that develops and manufactures products designed to protect, control and sense electrical energy. Its portfolio includes fuses and other circuit-protection devices, power semiconductor products, relays, switches, sensors and related electronic components.

The company serves customers in the automotive, commercial vehicle, industrial, electronics, energy and communications markets. Its products are used in applications such as vehicle electrification, battery systems, industrial equipment, power distribution, renewable energy systems, data infrastructure and consumer electronics.