Littelfuse, Inc. (NASDAQ:LFUS) CEO David W. Heinzmann Sells 2,091 Shares

Littelfuse, Inc. (NASDAQ:LFUS) CEO David W. Heinzmann sold 2,091 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $274.65, for a total transaction of $574,293.15. Following the completion of the sale, the chief executive officer now owns 59,654 shares in the company, valued at $16,383,971.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Littelfuse Trading Up 0.5 %

Littelfuse stock opened at $269.62 on Friday. Littelfuse, Inc. has a 52 week low of $212.80 and a 52 week high of $275.58. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.44 and a current ratio of 3.50. The firm has a market capitalization of $6.68 billion, a price-to-earnings ratio of 30.88, a P/E/G ratio of 2.58 and a beta of 1.29. The company has a 50 day moving average price of $258.15 and a 200 day moving average price of $248.66.

Littelfuse (NASDAQ:LFUS) last issued its earnings results on Tuesday, July 30th. The technology company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.75 by $0.22. Littelfuse had a return on equity of 8.91% and a net margin of 8.71%. The business had revenue of $558.49 million during the quarter, compared to analysts’ expectations of $540.35 million. During the same quarter last year, the firm posted $3.12 earnings per share. Littelfuse’s revenue was down 8.7% compared to the same quarter last year. Research analysts forecast that Littelfuse, Inc. will post 8.37 EPS for the current year.

Littelfuse Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 22nd will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.04%. This is a positive change from Littelfuse’s previous quarterly dividend of $0.65. The ex-dividend date is Thursday, August 22nd. Littelfuse’s dividend payout ratio is 32.07%.

Institutional Trading of Littelfuse

Institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC increased its stake in Littelfuse by 399.7% in the 2nd quarter. SG Americas Securities LLC now owns 4,712 shares of the technology company’s stock valued at $1,204,000 after buying an additional 3,769 shares during the period. Entropy Technologies LP grew its holdings in shares of Littelfuse by 407.9% during the 1st quarter. Entropy Technologies LP now owns 6,186 shares of the technology company’s stock valued at $1,499,000 after acquiring an additional 4,968 shares in the last quarter. Lord Abbett & CO. LLC increased its stake in shares of Littelfuse by 88.8% in the first quarter. Lord Abbett & CO. LLC now owns 166,195 shares of the technology company’s stock worth $40,278,000 after acquiring an additional 78,153 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Littelfuse by 0.6% during the first quarter. Vanguard Group Inc. now owns 2,679,767 shares of the technology company’s stock worth $649,442,000 after acquiring an additional 17,119 shares in the last quarter. Finally, Nordea Investment Management AB boosted its position in Littelfuse by 27.3% during the first quarter. Nordea Investment Management AB now owns 215,944 shares of the technology company’s stock valued at $52,334,000 after purchasing an additional 46,361 shares during the last quarter. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on LFUS. Stifel Nicolaus upgraded shares of Littelfuse from a “hold” rating to a “buy” rating and boosted their target price for the stock from $270.00 to $280.00 in a report on Tuesday, August 13th. Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a report on Thursday, May 2nd. Baird R W upgraded Littelfuse from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 17th. TD Cowen lifted their target price on Littelfuse from $250.00 to $260.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Finally, Robert W. Baird upped their target price on Littelfuse from $300.00 to $315.00 and gave the company an “outperform” rating in a report on Thursday. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $278.75.

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.