Littelfuse, Inc. (NASDAQ:LFUS – Get Free Report) announced a quarterly dividend on Tuesday, January 28th,RTT News reports. Shareholders of record on Thursday, February 20th will be given a dividend of 0.70 per share by the technology company on Thursday, March 6th. This represents a $2.80 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Thursday, February 20th.
Littelfuse has increased its dividend payment by an average of 10.2% annually over the last three years and has increased its dividend annually for the last 13 consecutive years. Littelfuse has a payout ratio of 23.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Littelfuse to earn $10.19 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 27.5%.
Littelfuse Price Performance
Shares of NASDAQ:LFUS opened at $235.24 on Thursday. Littelfuse has a 1-year low of $222.73 and a 1-year high of $275.58. The firm has a market capitalization of $5.84 billion, a PE ratio of 30.24, a PEG ratio of 1.93 and a beta of 1.26. The business’s 50 day moving average is $239.64 and its 200-day moving average is $250.60. The company has a current ratio of 3.55, a quick ratio of 2.52 and a debt-to-equity ratio of 0.31.
Insider Transactions at Littelfuse
In related news, CAO Jeffrey G. Gorski sold 700 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $249.02, for a total value of $174,314.00. Following the completion of the sale, the chief accounting officer now owns 3,105 shares in the company, valued at approximately $773,207.10. This represents a 18.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.30% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Several equities analysts have issued reports on the company. Benchmark reiterated a “hold” rating on shares of Littelfuse in a research report on Wednesday. Oppenheimer upgraded Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price objective for the company in a research report on Thursday, October 17th. Finally, StockNews.com upgraded Littelfuse from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $285.00.
View Our Latest Report on LFUS
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.
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