Littelfuse, Inc. (NASDAQ:LFUS – Get Free Report) declared a quarterly dividend on Thursday, October 23rd. Shareholders of record on Thursday, November 20th will be paid a dividend of 0.75 per share by the technology company on Thursday, December 4th. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Thursday, November 20th.
Littelfuse has raised its dividend payment by an average of 0.1%per year over the last three years and has increased 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. Equities analysts expect Littelfuse to earn $11.56 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 26.0%.
Littelfuse Stock Performance
Littelfuse stock opened at $236.01 on Tuesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.98 and a current ratio of 4.00. The company has a market capitalization of $5.88 billion, a price-to-earnings ratio of 44.95, a PEG ratio of 2.04 and a beta of 1.50. Littelfuse has a fifty-two week low of $142.10 and a fifty-two week high of $275.00. The stock has a fifty day moving average of $257.02 and a two-hundred day moving average of $240.53.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on LFUS shares. Zacks Research downgraded shares of Littelfuse from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 2nd. Robert W. Baird upgraded Littelfuse from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $290.00 to $310.00 in a research report on Friday, October 10th. Wall Street Zen raised Littelfuse from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 5th. Benchmark restated a “hold” rating on shares of Littelfuse in a report on Thursday, October 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Littelfuse in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $292.50.
Check Out Our Latest Report on Littelfuse
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.
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