Littelfuse, Inc. (NASDAQ:LFUS) CAO Jeffrey G. Gorski Sells 300 Shares

Littelfuse, Inc. (NASDAQ:LFUSGet Rating) CAO Jeffrey G. Gorski sold 300 shares of Littelfuse stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $236.14, for a total transaction of $70,842.00. Following the completion of the sale, the chief accounting officer now directly owns 2,563 shares of the company’s stock, valued at approximately $605,226.82. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Littelfuse Stock Up 0.7 %

LFUS opened at $236.69 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.99 and a current ratio of 3.19. Littelfuse, Inc. has a fifty-two week low of $192.19 and a fifty-two week high of $334.84. The firm’s fifty day moving average is $213.05 and its 200 day moving average is $239.21. The stock has a market cap of $5.86 billion, a price-to-earnings ratio of 17.82, a price-to-earnings-growth ratio of 1.17 and a beta of 1.22.

Littelfuse Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 24th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, November 22nd. This represents a $2.40 dividend on an annualized basis and a yield of 1.01%. Littelfuse’s dividend payout ratio is currently 18.07%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on LFUS shares. Cowen cut shares of Littelfuse from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $295.00 to $225.00 in a research note on Thursday, November 3rd. Benchmark started coverage on shares of Littelfuse in a research note on Wednesday, September 21st. They set a “hold” rating on the stock. Cowen cut shares of Littelfuse from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $295.00 to $225.00 in a research note on Thursday, November 3rd. Robert W. Baird dropped their price target on shares of Littelfuse from $272.00 to $245.00 and set a “neutral” rating on the stock in a research note on Friday, September 16th. Finally, Stifel Nicolaus lowered their target price on shares of Littelfuse from $270.00 to $216.00 and set a “hold” rating on the stock in a research note on Monday, October 10th. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $227.75.

Institutional Trading of Littelfuse

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Savant Capital LLC increased its holdings in Littelfuse by 0.7% in the 2nd quarter. Savant Capital LLC now owns 5,863 shares of the technology company’s stock valued at $1,489,000 after acquiring an additional 40 shares during the last quarter. Crossmark Global Holdings Inc. increased its holdings in Littelfuse by 1.9% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 2,123 shares of the technology company’s stock valued at $539,000 after acquiring an additional 40 shares during the last quarter. Van ECK Associates Corp increased its holdings in Littelfuse by 6.7% in the 2nd quarter. Van ECK Associates Corp now owns 638 shares of the technology company’s stock valued at $162,000 after acquiring an additional 40 shares during the last quarter. Connable Office Inc. increased its holdings in Littelfuse by 2.1% in the 2nd quarter. Connable Office Inc. now owns 1,986 shares of the technology company’s stock valued at $505,000 after acquiring an additional 41 shares during the last quarter. Finally, Brinker Capital Investments LLC increased its holdings in Littelfuse by 0.9% in the 3rd quarter. Brinker Capital Investments LLC now owns 5,252 shares of the technology company’s stock valued at $1,044,000 after acquiring an additional 46 shares during the last quarter. 95.45% of the stock is currently owned by institutional investors.

Littelfuse Company Profile

(Get Rating)

Littelfuse, Inc manufactures and sells circuit protection, power control, and sensing products in the Asia-Pacific, the Americas, and Europe. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, 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.

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