Littelfuse, Inc. (NASDAQ:LFUS – Get Free Report) declared a quarterly dividend on Tuesday, October 29th, Zacks reports. Shareholders of record on Thursday, November 21st will be given a dividend of 0.70 per share by the technology company on Thursday, December 5th. This represents a $2.80 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Thursday, November 21st.
Littelfuse has raised its dividend by an average of 9.2% annually over the last three years and has raised its dividend every year for the last 15 years. Littelfuse has a payout ratio of 25.2% indicating that its dividend is sufficiently covered by earnings. Research 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 52 week low of $213.01 and a 52 week 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 firm has a 50-day simple moving average of $258.60 and a 200-day simple moving average of $254.67. The stock has a market capitalization of $6.23 billion, a P/E ratio of 28.78, a P/E/G ratio of 2.60 and a beta of 1.27.
Analyst Ratings Changes
Several brokerages recently commented on LFUS. StockNews.com upgraded Littelfuse from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Robert W. Baird increased their target price on shares of Littelfuse from $300.00 to $315.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. Oppenheimer raised shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price target on the stock in a research note on Thursday, October 17th. Stifel Nicolaus raised shares of Littelfuse from a “hold” rating to a “buy” rating and upped their price objective for the company from $270.00 to $280.00 in a research note on Tuesday, August 13th. Finally, TD Cowen raised their target price on shares of Littelfuse from $250.00 to $260.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $285.00.
Check Out Our Latest Report on Littelfuse
Insider Buying and Selling at Littelfuse
In other news, CEO David W. Heinzmann sold 2,091 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $274.65, for a total transaction of $574,293.15. Following the completion of the sale, the chief executive officer now owns 59,654 shares in the company, valued at $16,383,971.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO David W. Heinzmann sold 8,715 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $274.40, for a total value of $2,391,396.00. Following the transaction, the chief executive officer now owns 59,654 shares of the company’s stock, valued at $16,369,057.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO David W. Heinzmann sold 2,091 shares of the 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 transaction, the chief executive officer now owns 59,654 shares of the company’s stock, valued at approximately $16,383,971.10. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,242 shares of company stock worth $3,318,974 in the last ninety days. 2.30% of the stock is owned by insiders.
About Littelfuse
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.
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