Littelfuse, Inc. (NASDAQ:LFUS – Get Free Report) declared a quarterly dividend on Wednesday, May 6th. Investors of record on Thursday, May 21st will be given a dividend of 0.75 per share by the technology company on Thursday, June 4th. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, May 21st.
Littelfuse has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 15 years. Littelfuse has a payout ratio of 26.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Littelfuse to earn $15.19 per share next year, which means the company should continue to be able to cover its $3.00 annual dividend with an expected future payout ratio of 19.7%.
Littelfuse Trading Up 4.5%
Shares of LFUS opened at $441.67 on Thursday. The company has a market capitalization of $11.11 billion, a P/E ratio of -152.30, a P/E/G ratio of 2.71 and a beta of 1.46. Littelfuse has a one year low of $188.08 and a one year high of $475.00. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.91 and a current ratio of 2.69. The stock has a 50-day moving average price of $359.89 and a 200 day moving average price of $307.40.
Wall Street Analysts Forecast Growth
LFUS has been the topic of several recent analyst reports. Wall Street Zen cut shares of Littelfuse from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 21st. Weiss Ratings lowered shares of Littelfuse from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 13th. Robert W. Baird set a $360.00 target price on shares of Littelfuse in a research report on Thursday, January 29th. Williams Trading set a $450.00 target price on shares of Littelfuse in a research note on Friday, May 1st. Finally, Zacks Research downgraded Littelfuse from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $401.67.
View Our Latest Report on Littelfuse
Littelfuse Company Profile
Littelfuse, Inc is a global manufacturer of circuit protection, power control, and sensing technologies. Founded in 1927 and headquartered in Chicago, Illinois, the company develops and produces a broad range of products designed to safeguard electrical and electronic systems across a variety of end markets. Littelfuse’s offerings include fuses, semiconductors, relays, and sensors, all engineered to protect against overcurrent, overvoltage, and thermal events in demanding applications.
The company’s product portfolio is organized into key segments such as Automotive, Industrial & Electronics, and Power & Sensor.
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