David W. Heinzmann Sells 3,786 Shares of Littelfuse, Inc. (NASDAQ:LFUS) Stock

Littelfuse, Inc. (NASDAQ:LFUS) CEO David W. Heinzmann sold 3,786 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $273.92, for a total transaction of $1,037,061.12. Following the sale, the chief executive officer now owns 59,654 shares of the company’s stock, valued at approximately $16,340,423.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Littelfuse Stock Performance

Shares of NASDAQ LFUS traded down $11.11 during midday trading on Thursday, hitting $256.00. 63,132 shares of the company’s stock traded hands, compared to its average volume of 137,753. Littelfuse, Inc. has a 1 year low of $212.80 and a 1 year high of $275.58. The stock has a market capitalization of $6.34 billion, a price-to-earnings ratio of 30.12, a price-to-earnings-growth ratio of 2.54 and a beta of 1.29. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.44 and a current ratio of 3.57. The firm has a fifty day moving average of $258.14 and a 200 day moving average of $246.35.

Littelfuse (NASDAQ:LFUS) last released its earnings results on Tuesday, July 30th. The technology company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.22. Littelfuse had a net margin of 8.71% and a return on equity of 8.93%. The company had revenue of $558.49 million for the quarter, compared to analysts’ expectations of $540.35 million. During the same quarter last year, the business earned $3.12 EPS. The firm’s revenue was down 8.7% compared to the same quarter last year. On average, analysts forecast that Littelfuse, Inc. will post 8.47 earnings per share for the current year.

Littelfuse Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 22nd will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.09%. This is a positive change from Littelfuse’s previous quarterly dividend of $0.65. The ex-dividend date is Thursday, August 22nd. Littelfuse’s payout ratio is presently 29.78%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of LFUS. Rise Advisors LLC bought a new stake in shares of Littelfuse in the first quarter valued at about $30,000. SRS Capital Advisors Inc. grew its stake in Littelfuse by 372.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 137 shares of the technology company’s stock valued at $37,000 after purchasing an additional 108 shares during the last quarter. CWM LLC grew its stake in shares of Littelfuse by 410.7% during the second quarter. CWM LLC now owns 143 shares of the technology company’s stock worth $37,000 after acquiring an additional 115 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Littelfuse by 275.0% during the second quarter. GAMMA Investing LLC now owns 165 shares of the technology company’s stock worth $42,000 after acquiring an additional 121 shares during the last quarter. Finally, Principal Securities Inc. purchased a new stake in shares of Littelfuse during the fourth quarter worth about $50,000. 96.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Robert W. Baird upgraded shares of Littelfuse from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $270.00 to $300.00 in a report on Friday, May 17th. Stifel Nicolaus raised their price objective on shares of Littelfuse from $250.00 to $270.00 and gave the stock a “hold” rating in a report on Thursday. Baird R W upgraded shares of Littelfuse from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 17th. Jefferies Financial Group initiated coverage on shares of Littelfuse in a research report on Tuesday, April 9th. They set a “hold” rating and a $260.00 target price for the company. Finally, Benchmark reissued a “hold” rating on shares of Littelfuse in a research note on Thursday, May 2nd. Five analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Littelfuse presently has a consensus rating of “Hold” and a consensus target price of $272.50.

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.