Key Points
- Littelfuse SVP David Ruppel sold 1,493 shares for approximately $604,023 at an average price of $404.57, reducing his direct holdings by 24.03% to 4,720 shares.
- The company reported strong quarterly results, with EPS of $5.79 beating estimates by $0.82 and revenue rising 22.7% year over year to $795.2 million.
- Analysts maintain a consensus “Moderate Buy” rating with a $465.83 price target, while institutional investors own 96.14% of the company; Littelfuse also declared a quarterly dividend of $0.80 per share.
Littelfuse, Inc. (NASDAQ:LFUS - Get Free Report) SVP David Ruppel sold 1,493 shares of the company's stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $404.57, for a total transaction of $604,023.01. Following the sale, the senior vice president directly owned 4,720 shares of the company's stock, valued at $1,909,570.40. The trade was a 24.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Littelfuse Stock Performance
Shares of NASDAQ LFUS opened at $393.08 on Friday. The firm has a 50 day moving average of $409.60 and a 200 day moving average of $398.87. The company has a current ratio of 2.67, a quick ratio of 2.00 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $9.98 billion, a price-to-earnings ratio of 25.29, a price-to-earnings-growth ratio of 2.13 and a beta of 1.48. Littelfuse, Inc. has a 12-month low of $233.36 and a 12-month high of $500.57.
Littelfuse (NASDAQ:LFUS - Get Free Report) last announced its earnings results on Wednesday, October 28th. The technology company reported $5.79 EPS for the quarter, beating analysts' consensus estimates of $4.97 by $0.82. Littelfuse had a net margin of 1.37% and a return on equity of 15.86%. The business had revenue of $795.20 million during the quarter, compared to analysts' expectations of $792.49 million. During the same period in the prior year, the company earned $2.77 earnings per share. The firm's revenue was up 22.7% on a year-over-year basis. On average, research analysts anticipate that Littelfuse, Inc. will post 15.78 earnings per share for the current year.
Littelfuse Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, November 19th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Thursday, November 19th. Littelfuse's dividend payout ratio is -640.00%.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on LFUS shares. Needham & Company LLC reiterated a "buy" rating and issued a $520.00 price target 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. Weiss Ratings restated a "hold (c-)" rating on shares of Littelfuse in a research note on Wednesday. Finally, Zacks Research downgraded shares of Littelfuse from a "strong-buy" rating to a "hold" rating in a report on Monday, July 13th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Littelfuse currently has a consensus rating of "Moderate Buy" and a consensus price target of $465.83.
Get Our Latest Research Report on LFUS
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in LFUS. BlackRock Inc. bought a new position in Littelfuse during the second quarter valued at approximately $1,148,821,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Littelfuse in the 2nd quarter worth approximately $185,057,000. William Blair Investment Management LLC bought a new stake in Littelfuse in the 2nd quarter worth approximately $146,471,000. Bank of America Corp DE bought a new stake in Littelfuse in the 2nd quarter worth approximately $115,306,000. Finally, Boston Trust Walden Corp raised its holdings in shares of Littelfuse by 14.6% during the 1st quarter. Boston Trust Walden Corp now owns 291,393 shares of the technology company's stock worth $98,884,000 after acquiring an additional 37,126 shares in the last quarter. Institutional investors own 96.14% of the company's stock.
Littelfuse Company Profile
(
Get Free Report)
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.
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