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

Littelfuse, Inc. (NASDAQ:LFUS) declared a quarterly dividend on Tuesday, January 28th,RTT News reports. Shareholders 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 dividend on an annualized basis and a yield of 1.25%.

Littelfuse has increased its dividend payment by an average of 10.2% per year over the last three years and has increased its dividend annually for the last 13 consecutive years. Littelfuse has a dividend payout ratio of 23.7% indicating that its dividend is sufficiently covered by earnings. 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 Stock Performance

Shares of LFUS stock traded down $5.21 during trading hours on Tuesday, reaching $224.00. The company had a trading volume of 258,558 shares, compared to its average volume of 128,583. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.52 and a current ratio of 3.55. The business has a fifty day moving average price of $240.17 and a 200-day moving average price of $251.27. Littelfuse has a one year low of $222.73 and a one year high of $275.58. The firm has a market cap of $5.56 billion, a PE ratio of 28.79, a price-to-earnings-growth ratio of 1.93 and a beta of 1.26.

Littelfuse (NASDAQ:LFUS) last posted its earnings results 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 8.88% and a return on equity of 8.49%. During the same period in the prior year, the firm posted $2.02 earnings per share. Sell-side analysts predict that Littelfuse will post 8.47 earnings per share for the current fiscal year.

Insider Buying and Selling at Littelfuse

In related news, CAO Jeffrey G. Gorski sold 700 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $249.02, for a total value of $174,314.00. Following the transaction, the chief accounting officer now owns 3,105 shares of the company’s stock, valued at $773,207.10. This represents a 18.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

LFUS has been the subject of several recent research reports. Benchmark restated a “hold” rating on shares of Littelfuse in a research report on Wednesday, October 30th. StockNews.com upgraded Littelfuse from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Finally, Oppenheimer raised Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price target for the company in a report on Thursday, October 17th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.