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

Littelfuse, Inc. (NASDAQ:LFUS) announced a quarterly dividend on Tuesday, October 29th, Zacks reports. Investors of record on Thursday, November 21st will be paid 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 payment by an average of 9.2% per year over the last three years and has increased 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. 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 Trading Down 3.0 %

NASDAQ LFUS 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 50 day moving average price of $258.60 and a 200 day moving average price of $254.67. 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 market cap of $6.23 billion, a PE ratio of 28.78, a price-to-earnings-growth ratio of 2.60 and a beta of 1.27.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.08 by $0.63. Littelfuse had a return on equity of 8.91% and a net margin of 8.71%. The business had revenue of $567.39 million for the quarter, compared to the consensus estimate of $557.38 million. During the same period in the prior year, the firm posted $2.97 earnings per share. The business’s quarterly revenue was down 6.5% on a year-over-year basis. As a group, sell-side analysts forecast that Littelfuse will post 8.14 EPS for the current fiscal year.

Insider Activity at Littelfuse

In other Littelfuse news, CEO David W. Heinzmann sold 8,715 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 59,654 shares in the company, valued at approximately $16,369,057.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO David W. Heinzmann sold 8,715 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $274.40, for a total transaction of $2,391,396.00. Following the sale, the chief executive officer now directly owns 59,654 shares of the company’s stock, valued at approximately $16,369,057.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at 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 transaction of $574,293.15. Following the completion of the transaction, the chief executive officer now owns 59,654 shares of the company’s stock, valued at approximately $16,383,971.10. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,242 shares of company stock worth $3,318,974. 2.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LFUS. Oppenheimer upgraded 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. Benchmark restated a “hold” rating on shares of Littelfuse in a research note on Wednesday. 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 price target on shares of Littelfuse from $300.00 to $315.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. Finally, Stifel Nicolaus upgraded shares of Littelfuse from a “hold” rating to a “buy” rating and lifted their price objective for the company from $270.00 to $280.00 in a research note on Tuesday, August 13th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $285.00.

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.