Littelfuse (NASDAQ:LFUS) Stock: Insider David Ruppel Sells 1,493 Shares

Key Points

• Insider sale: Senior Vice President David Ruppel sold 1,493 Littelfuse shares for approximately $604,023, reducing his direct holdings by 24.03% to 4,720 shares.
• Stock performance and earnings: LFUS shares fell 2.7% to $393.08, despite the company reporting quarterly EPS of $5.79, which exceeded estimates by $0.82, and 22.7% year-over-year revenue growth.
• Analyst outlook: Littelfuse has a consensus “Moderate Buy” rating from analysts, with an average price target of $465.83; the company also announced a quarterly dividend of $0.80 per share.

Littelfuse, Inc. (NASDAQ:LFUS - Get Free Report) SVP David Ruppel sold 1,493 shares of the firm's stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $404.57, for a total transaction of $604,023.01. Following the transaction, the senior vice president directly owned 4,720 shares of the company's stock, valued at $1,909,570.40. This represents a 24.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Littelfuse Stock Down 2.7%

Shares of LFUS stock traded down $11.00 during trading hours on Friday, hitting $393.08. 401,827 shares of the company's stock traded hands, compared to its average volume of 289,148. The company has a quick ratio of 2.00, a current ratio of 2.67 and a debt-to-equity ratio of 0.19. The stock's fifty day simple moving average is $409.98 and its two-hundred day simple moving average is $398.29. Littelfuse, Inc. has a 12-month low of $233.36 and a 12-month high of $500.57. The stock has a market cap of $9.98 billion, a price-to-earnings ratio of 322.20, a PEG ratio of 2.04 and a beta of 1.48.

Littelfuse (NASDAQ:LFUS - Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The technology company reported $5.79 earnings per share for the quarter, beating analysts' consensus estimates of $4.97 by $0.82. The company had revenue of $795.20 million during the quarter, compared to analyst estimates of $792.49 million. Littelfuse had a return on equity of 15.86% and a net margin of 1.37%. The firm's revenue for the quarter was up 22.7% on a year-over-year basis. During the same quarter last year, the company earned $2.77 EPS. On average, analysts expect that Littelfuse, Inc. will post 15.78 EPS for the current year.

Littelfuse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 19th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, November 19th. Littelfuse's dividend payout ratio (DPR) is presently -640.00%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on LFUS. Zacks Research downgraded shares of Littelfuse from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 13th. Oppenheimer reaffirmed an "outperform" rating on shares of Littelfuse in a report on Thursday. Weiss Ratings reiterated a "hold (c-)" rating on shares of Littelfuse in a research report on Wednesday. Finally, Needham & Company LLC reissued a "buy" rating and set a $520.00 price target on shares of Littelfuse in a report on Wednesday. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $465.83.

Hedge Funds Weigh In On Littelfuse

Institutional investors have recently bought and sold shares of the business. Provenance Wealth Advisors LLC purchased a new stake in shares of Littelfuse during the 3rd quarter valued at $352,000. Oregon Public Employees Retirement Fund increased its position in Littelfuse by 0.6% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 5,262 shares of the technology company's stock valued at $2,230,000 after buying an additional 32 shares in the last quarter. Vise Technologies Inc. increased its position in Littelfuse by 89.0% during the 3rd quarter. Vise Technologies Inc. now owns 3,970 shares of the technology company's stock valued at $1,682,000 after buying an additional 1,869 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al raised its stake in Littelfuse by 66.7% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 4,600 shares of the technology company's stock valued at $1,949,000 after buying an additional 1,840 shares during the last quarter. Finally, Parcion Private Wealth LLC boosted its holdings in Littelfuse by 10.1% in the third quarter. Parcion Private Wealth LLC now owns 513 shares of the technology company's stock worth $217,000 after acquiring an additional 47 shares in the last quarter. Institutional investors own 96.14% of the company's stock.

About Littelfuse

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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