Littelfuse, Inc. (NASDAQ:LFUS) declared a quarterly dividend on Thursday, July 30th, Wall Street Journal reports. Investors of record on Thursday, August 20th will be paid a dividend of 0.48 per share by the technology company on Thursday, September 3rd. This represents a $1.92 annualized dividend and a yield of 1.08%. The ex-dividend date is Wednesday, August 19th.
Littelfuse has raised its dividend by an average of 46.8% per year over the last three years and has increased its dividend annually for the last 10 consecutive years. Littelfuse has a payout ratio of 55.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Littelfuse to earn $6.55 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 29.3%.
Littelfuse stock opened at $177.65 on Friday. The company has a quick ratio of 4.16, a current ratio of 5.35 and a debt-to-equity ratio of 0.54. The firm’s 50-day simple moving average is $168.66 and its 200 day simple moving average is $160.03. Littelfuse has a 52 week low of $103.63 and a 52 week high of $196.00. The firm has a market capitalization of $4.31 billion, a PE ratio of 59.41, a P/E/G ratio of 3.80 and a beta of 1.14.
In related news, SVP Deepak Nayar sold 809 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $145.00, for a total value of $117,305.00. Following the sale, the senior vice president now directly owns 8,901 shares of the company’s stock, valued at $1,290,645. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.20% of the company’s stock.
Several analysts have recently issued reports on the company. BidaskClub upgraded Littelfuse from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Stifel Nicolaus upped their target price on shares of Littelfuse from $155.00 to $165.00 and gave the company a “hold” rating in a report on Thursday. Zacks Investment Research upgraded shares of Littelfuse from a “sell” rating to a “hold” rating in a report on Wednesday, June 24th. Robert W. Baird upped their price objective on shares of Littelfuse from $152.00 to $155.00 and gave the company an “outperform” rating in a research note on Monday, May 18th. Finally, Oppenheimer restated a “hold” rating on shares of Littelfuse in a research report on Wednesday. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $193.00.
Littelfuse, Inc designs, manufactures, and sells circuit protection, power control, and sensing products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, silicon carbide, metal-oxide-semiconductor field-effect transistors, and silicon carbide diodes, as well as insulated gate bipolar transistors.
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