Littelfuse, Inc. (NASDAQ:LFUS) announced a quarterly dividend on Wednesday, October 28th, Zacks reports. Shareholders of record on Thursday, November 19th will be paid a dividend of 0.48 per share by the technology company on Thursday, December 3rd. This represents a $1.92 annualized dividend and a yield of 0.85%. The ex-dividend date is Wednesday, November 18th.
Littelfuse has raised its dividend by 46.8% over the last three years and has increased its dividend every year for the last 9 years. Littelfuse has a payout ratio of 34.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Littelfuse to earn $6.92 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 27.7%.
Shares of Littelfuse stock opened at $224.93 on Monday. The firm has a market capitalization of $5.48 billion, a PE ratio of 59.19, a P/E/G ratio of 3.03 and a beta of 1.08. Littelfuse has a twelve month low of $103.63 and a twelve month high of $226.74. The firm’s 50-day moving average price is $193.86 and its 200 day moving average price is $175.48. The company has a current ratio of 4.90, a quick ratio of 3.86 and a debt-to-equity ratio of 0.47.
Several research firms recently weighed in on LFUS. Robert W. Baird reiterated an “outperform” rating and issued a $218.00 target price on shares of Littelfuse in a report on Monday, October 19th. TheStreet raised shares of Littelfuse from a “c+” rating to a “b” rating in a research report on Monday, November 2nd. BidaskClub raised shares of Littelfuse from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 23rd. Stifel Nicolaus lifted their price objective on shares of Littelfuse from $155.00 to $165.00 and gave the stock a “hold” rating in a research report on Thursday, July 30th. Finally, Zacks Investment Research raised shares of Littelfuse from a “hold” rating to a “buy” rating and set a $208.00 price objective for the company in a research report on Thursday, October 8th. One analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Littelfuse currently has a consensus rating of “Hold” and an average price target of $199.50.
In other news, SVP Matthew Cole sold 200 shares of the company’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $182.40, for a total value of $36,480.00. Following the completion of the sale, the senior vice president now directly owns 4,445 shares of the company’s stock, valued at $810,768. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO David W. Heinzmann sold 17,660 shares of the company’s stock in a transaction dated Thursday, November 5th. The shares were sold at an average price of $209.00, for a total transaction of $3,690,940.00. Over the last three months, insiders sold 76,295 shares of company stock valued at $15,489,276. 3.20% of the stock is owned by corporate insiders.
Littelfuse Company Profile
Littelfuse, Inc manufactures and sells circuit protection, power control, and sensing products in the Asia-Pacific, the Americas, and Europe. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, solid state relays, polymer electrostatic discharge suppressors, varistors, magnetic sensing products, gas discharge tubes, and position, fluid, and temperature sensors; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, metal-oxide-semiconductor field-effect transistors, integrated circuits, silicon carbide diodes, and insulated gate bipolar transistors.
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