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

Littelfuse, Inc. (NASDAQ:LFUS - Get Free Report) declared a quarterly dividend on Tuesday, January 28th,RTT News reports. Investors of record on Thursday, February 20th will be paid a dividend of 0.70 per share by the technology company on Thursday, March 6th. This represents a $2.80 annualized dividend and a yield of 1.17%. The ex-dividend date is Thursday, February 20th.

Littelfuse has increased its dividend payment by an average of 10.2% per year over the last three years and has raised its dividend every year for the last 13 years. Littelfuse has a payout ratio of 23.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Littelfuse to earn $12.52 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 22.4%.

Littelfuse Stock Performance

NASDAQ LFUS traded down $4.76 on Friday, hitting $238.40. 103,691 shares of the stock were exchanged, compared to its average volume of 152,946. The company has a market capitalization of $5.92 billion, a PE ratio of 52.98, a P/E/G ratio of 1.92 and a beta of 1.26. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.55 and a quick ratio of 2.52. The business's fifty day moving average is $239.64 and its 200 day moving average is $250.60. Littelfuse has a 52 week low of $222.73 and a 52 week high of $275.58.

Littelfuse (NASDAQ:LFUS - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The technology company reported $2.04 EPS for the quarter, hitting analysts' consensus estimates of $2.04. Littelfuse had a net margin of 5.16% and a return on equity of 8.48%. During the same quarter in the previous year, the business earned $2.02 earnings per share. Research analysts anticipate that Littelfuse will post 10.19 EPS for the current fiscal year.

Insider Activity

In related news, CAO Jeffrey G. Gorski sold 700 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $249.02, for a total transaction of $174,314.00. Following the sale, the chief accounting officer now directly owns 3,105 shares of the company's stock, valued at approximately $773,207.10. This represents a 18.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.30% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on LFUS. StockNews.com raised shares of Littelfuse from a "hold" rating to a "buy" rating in a research report on Friday, October 18th. Oppenheimer raised Littelfuse from a "market perform" rating to an "outperform" rating and set a $310.00 target price for the company in a research report on Thursday, October 17th. Robert W. Baird cut their price objective on shares of Littelfuse from $300.00 to $290.00 and set an "outperform" rating on the stock in a research report on Thursday. Finally, Benchmark reissued a "hold" rating on shares of Littelfuse in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $280.00.

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.