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

Littelfuse, Inc. (NASDAQ:LFUS - Get Free Report) announced a quarterly dividend on Tuesday, October 29th, Zacks reports. Shareholders 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 annualized dividend and a yield of 1.14%. The ex-dividend date is Thursday, November 21st.

Littelfuse has raised its dividend payment by an average of 9.2% annually over the last three years and has increased its dividend annually for the last 15 consecutive years. Littelfuse has a dividend payout ratio of 25.2% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Down 2.6 %

NASDAQ:LFUS traded down $6.64 during trading hours on Thursday, hitting $244.63. The stock had a trading volume of 117,060 shares, compared to its average volume of 129,918. The company has a current ratio of 3.50, a quick ratio of 2.42 and a debt-to-equity ratio of 0.32. Littelfuse has a 1-year low of $213.01 and a 1-year high of $275.58. The business has a 50 day simple moving average of $258.60 and a two-hundred day simple moving average of $254.67. The company has a market cap of $6.06 billion, a PE ratio of 31.44, a price-to-earnings-growth ratio of 2.60 and a beta of 1.27.

Littelfuse (NASDAQ:LFUS - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.63. Littelfuse had a net margin of 8.71% and a return on equity of 8.91%. The company had revenue of $567.39 million during the quarter, compared to the consensus estimate of $557.38 million. During the same quarter last year, the company earned $2.97 earnings per share. Littelfuse's revenue for the quarter was down 6.5% on a year-over-year basis. Analysts predict that Littelfuse will post 8.14 EPS for the current year.

Insider Buying and Selling

In related news, CEO David W. Heinzmann sold 2,091 shares of the firm's stock in a transaction on Monday, August 26th. The stock was sold at an average price of $274.65, for a total transaction of $574,293.15. Following the transaction, the chief executive officer now directly owns 59,654 shares in the company, valued at $16,383,971.10. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Littelfuse news, CEO David W. Heinzmann sold 8,715 shares of the firm's stock in a transaction 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 directly owns 59,654 shares in the company, valued at approximately $16,369,057.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO David W. Heinzmann sold 2,091 shares of the firm's stock in a transaction on Monday, August 26th. The shares were sold at an average price of $274.65, for a total value of $574,293.15. Following the completion of the sale, the chief executive officer now owns 59,654 shares in the company, valued at $16,383,971.10. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,242 shares of company stock worth $3,318,974 over the last ninety days. 2.30% of the stock is owned by insiders.

Analyst Ratings Changes

LFUS has been the subject of several recent research reports. StockNews.com raised shares of Littelfuse from a "hold" rating to a "buy" rating in a research report on Friday, October 18th. TD Cowen raised their price target on shares of Littelfuse from $250.00 to $260.00 and gave the stock a "hold" rating in a research report on Thursday, August 1st. Benchmark reissued a "hold" rating on shares of Littelfuse in a research report on Wednesday. Oppenheimer raised shares of Littelfuse from a "market perform" rating to an "outperform" rating and set a $310.00 price target for the company in a research report on Thursday, October 17th. Finally, Robert W. Baird raised their price target on shares of Littelfuse from $300.00 to $315.00 and gave the stock an "outperform" rating in a research report on Thursday, August 29th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $285.00.

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.