Littelfuse, Inc. (LFUS) to Issue Quarterly Dividend of $0.70 on December 5th

Littelfuse, Inc. (NASDAQ:LFUS) declared a quarterly dividend on Tuesday, October 29th, Zacks reports. Shareholders of record on Thursday, November 21st will be paid a dividend of 0.70 per share by the technology company on Thursday, December 5th. This represents a $2.80 annualized dividend and a yield of 1.11%. The ex-dividend date is Thursday, November 21st.

Littelfuse has increased its dividend payment by an average of 9.2% per year over the last three years and has increased its dividend every year for the last 15 years. Littelfuse has a dividend payout ratio of 25.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Littelfuse to earn $10.96 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 25.5%.

Littelfuse Stock Down 3.0 %

LFUS stock opened at $251.27 on Thursday. Littelfuse has a twelve month low of $213.01 and a twelve month high of $275.58. The company has a quick ratio of 2.42, a current ratio of 3.50 and a debt-to-equity ratio of 0.32. The stock has a market cap of $6.23 billion, a P/E ratio of 28.78, a PEG ratio of 2.60 and a beta of 1.27. The business’s 50-day moving average price is $258.60 and its 200-day moving average price is $254.67.

Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.08 by $0.63. Littelfuse had a return on equity of 8.91% and a net margin of 8.71%. The firm had revenue of $567.39 million for the quarter, compared to analysts’ expectations of $557.38 million. During the same period in the previous year, the firm earned $2.97 EPS. The business’s quarterly revenue was down 6.5% on a year-over-year basis. On average, equities research analysts forecast that Littelfuse will post 8.14 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on LFUS shares. Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a research report on Wednesday. StockNews.com raised Littelfuse from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. TD Cowen lifted their price objective on Littelfuse from $250.00 to $260.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Stifel Nicolaus upgraded Littelfuse from a “hold” rating to a “buy” rating and lifted their target price for the stock from $270.00 to $280.00 in a report on Tuesday, August 13th. Finally, Robert W. Baird lifted their target price on Littelfuse from $300.00 to $315.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Littelfuse currently has a consensus rating of “Moderate Buy” and an average price target of $285.00.

Insider Activity at Littelfuse

In other Littelfuse news, SVP Matthew Cole sold 1,436 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $246.02, for a total value of $353,284.72. Following the completion of the sale, the senior vice president now directly owns 5,522 shares in the company, valued at approximately $1,358,522.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO David W. Heinzmann sold 2,091 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $274.65, for a total value of $574,293.15. Following the completion of the transaction, the chief executive officer now directly owns 59,654 shares of the company’s stock, valued at approximately $16,383,971.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Matthew Cole sold 1,436 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $246.02, for a total value of $353,284.72. Following the completion of the transaction, the senior vice president now directly owns 5,522 shares of the company’s stock, valued at approximately $1,358,522.44. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,242 shares of company stock worth $3,318,974 in the last quarter. 2.30% of the stock is owned by company insiders.

Littelfuse Company Profile

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.