Littelfuse, Inc. (NASDAQ:LFUS) SVP Michael P. Rutz sold 2,417 shares of the firm’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $215.01, for a total value of $519,679.17. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
NASDAQ:LFUS traded down $7.16 during trading hours on Monday, hitting $201.02. 88,924 shares of the company were exchanged, compared to its average volume of 173,462. The firm has a market cap of $5,182.63, a P/E ratio of 26.97, a P/E/G ratio of 2.03 and a beta of 0.98. The company has a quick ratio of 2.90, a current ratio of 3.52 and a debt-to-equity ratio of 0.53. Littelfuse, Inc. has a one year low of $149.81 and a one year high of $226.33.
Littelfuse (NASDAQ:LFUS) last announced its earnings results on Wednesday, January 31st. The technology company reported $1.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.13. The business had revenue of $304.85 million during the quarter, compared to analyst estimates of $299.88 million. Littelfuse had a return on equity of 19.65% and a net margin of 9.78%. Littelfuse’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the company earned $1.57 EPS. equities research analysts expect that Littelfuse, Inc. will post 8.53 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 8th. Investors of record on Thursday, February 22nd were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 0.74%. The ex-dividend date was Wednesday, February 21st. Littelfuse’s dividend payout ratio is currently 19.12%.
Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its position in shares of Littelfuse by 3.4% in the 4th quarter. BlackRock Inc. now owns 2,388,492 shares of the technology company’s stock worth $472,492,000 after acquiring an additional 78,797 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Littelfuse by 18.8% in the 3rd quarter. Wells Fargo & Company MN now owns 704,892 shares of the technology company’s stock worth $138,074,000 after acquiring an additional 111,483 shares in the last quarter. Eagle Asset Management Inc. raised its position in shares of Littelfuse by 15.9% in the 3rd quarter. Eagle Asset Management Inc. now owns 472,595 shares of the technology company’s stock worth $92,378,000 after acquiring an additional 64,770 shares in the last quarter. TimesSquare Capital Management LLC raised its position in shares of Littelfuse by 67.8% in the 4th quarter. TimesSquare Capital Management LLC now owns 369,205 shares of the technology company’s stock worth $73,036,000 after acquiring an additional 149,200 shares in the last quarter. Finally, OppenheimerFunds Inc. raised its position in shares of Littelfuse by 139.6% in the 4th quarter. OppenheimerFunds Inc. now owns 351,587 shares of the technology company’s stock worth $69,550,000 after acquiring an additional 204,842 shares in the last quarter. 94.32% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts recently weighed in on the company. BidaskClub downgraded Littelfuse from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. Zacks Investment Research raised Littelfuse from a “sell” rating to a “hold” rating in a research report on Wednesday, January 24th. Finally, ValuEngine raised Littelfuse from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Littelfuse has a consensus rating of “Buy” and an average target price of $212.00.
Littelfuse, Inc is a supplier of circuit protection products for the electronics, automotive and industrial markets. The Company operates through three segments. The Electronics segment provides circuit protection components for overcurrent and overvoltage protection, as well as sensor components and modules to manufacturers of a range of electronic products.
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