Littelfuse, Inc. (LFUS) To Go Ex-Dividend on February 20th

Littelfuse, Inc. (NASDAQ:LFUS) declared a quarterly dividend on Thursday, January 23rd,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 dividend on an annualized basis and a yield of 1.13%. 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 raised its dividend every year for the last 15 years. Littelfuse has a dividend payout ratio of 24.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Littelfuse to earn $11.56 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 24.2%.

Littelfuse Stock Down 0.3 %

Littelfuse stock opened at $246.87 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.62 and a current ratio of 3.61. The firm has a market capitalization of $6.13 billion, a price-to-earnings ratio of 54.86, a price-to-earnings-growth ratio of 2.05 and a beta of 1.26. Littelfuse has a fifty-two week low of $222.73 and a fifty-two week high of $275.58. The stock’s fifty day moving average is $237.60 and its two-hundred day moving average is $248.27.

Littelfuse (NASDAQ:LFUS) last posted its earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share for the quarter, meeting the consensus estimate of $2.04. Littelfuse had a return on equity of 8.55% and a net margin of 5.16%. During the same period last year, the business earned $2.02 EPS. Analysts predict that Littelfuse will post 9.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on LFUS shares. Robert W. Baird lowered their target price on Littelfuse from $300.00 to $290.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. StockNews.com raised Littelfuse from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. Finally, Benchmark restated a “hold” rating on shares of Littelfuse in a research report on Wednesday, January 29th. Three equities 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, Littelfuse presently has an average rating of “Moderate Buy” and a consensus price target of $280.00.

Insider Activity

In other news, CAO Jeffrey G. Gorski sold 700 shares of the company’s stock in a transaction 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 sale, the chief accounting officer now directly owns 3,105 shares in the company, valued at $773,207.10. This represents a 18.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.30% of the company’s stock.

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.