Littelfuse, Inc. (NASDAQ:LFUS – Get Free Report) announced a quarterly dividend on Wednesday, April 22nd. 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) dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Thursday, May 21st.
Littelfuse has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 15 consecutive years. Littelfuse has a payout ratio of 26.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Littelfuse to earn $15.77 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 19.0%.
Littelfuse Stock Performance
Littelfuse stock opened at $436.00 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.61 and a quick ratio of 1.82. Littelfuse has a 1-year low of $201.19 and a 1-year high of $483.95. The firm has a market capitalization of $11.03 billion, a P/E ratio of -257.99, a price-to-earnings-growth ratio of 2.74 and a beta of 1.46. The company’s 50-day moving average is $376.20 and its 200 day moving average is $317.99.
Analysts Set New Price Targets
LFUS has been the topic of a number of recent analyst reports. Weiss Ratings lowered shares of Littelfuse from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 13th. Zacks Research raised shares of Littelfuse from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 8th. Benchmark raised shares of Littelfuse from a “hold” rating to a “buy” rating and set a $360.00 price objective on the stock in a research report on Thursday, January 29th. Williams Trading set a $520.00 price objective on shares of Littelfuse in a research report on Thursday, May 7th. Finally, Wall Street Zen raised shares of Littelfuse from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $436.67.
Check Out Our Latest Stock Report on LFUS
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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