Littelfuse, Inc. (NASDAQ:LFUS) Plans Quarterly Dividend of $0.70

Littelfuse, Inc. (NASDAQ:LFUS) announced a quarterly dividend on Tuesday, October 29th, Zacks reports. Stockholders 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 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Thursday, November 21st.

Littelfuse has raised its dividend payment by an average of 9.2% per year over the last three years and has raised its dividend every year for the last 15 years. Littelfuse has a dividend payout ratio of 25.2% meaning its dividend is sufficiently covered by earnings. Equities 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 %

NASDAQ LFUS opened at $251.27 on Thursday. The stock has a fifty day moving average of $258.60 and a 200-day moving average of $254.67. The stock has a market capitalization of $6.23 billion, a P/E ratio of 28.78, a price-to-earnings-growth ratio of 2.60 and a beta of 1.27. Littelfuse has a 52 week low of $213.01 and a 52 week high of $275.58. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.42 and a current ratio of 3.50.

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

Analyst Upgrades and Downgrades

LFUS has been the subject of a number of analyst reports. Stifel Nicolaus raised Littelfuse from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $270.00 to $280.00 in a research note on Tuesday, August 13th. Oppenheimer raised Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price objective for the company in a research note on Thursday, October 17th. 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. Robert W. Baird lifted their price objective on Littelfuse from $300.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Finally, StockNews.com raised Littelfuse from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $285.00.

Insider Activity

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

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.