Littelfuse, Inc. (NASDAQ:LFUS – Get Rating) announced a quarterly dividend on Tuesday, November 1, Zacks reports. Shareholders of record on Thursday, November 24 will receive a dividend of 0.60 per share from the technology company on Thursday, December 8. This represents an annualized dividend of $2.40 and a dividend yield of 1.20%. The ex-dividend date is Tuesday, November 22.

Littelfuse has increased its dividend payout by an average of 8.1% per year over the past three years and has increased its dividend annually for the past 10 consecutive years. Littelfuse has a payout ratio of 16.3%, which means its dividend is sufficiently covered by earnings. Research analysts expect Littelfuse to earn $14.70 per share next year, meaning the company should continue to be able to cover its $2.40 annual dividend with a payout ratio. expected future of 16.3%.

Littelfuse Price Performance

Shares of LFUS traded at $8.38 during Thursday trading hours, hitting $200.10. 370 shares of the company have been traded, against an average volume of 90,704. The company has a market capitalization of $4.95 billion, a price/earnings ratio of 14.92, a P/E/G ratio of 1 .12 and a beta of 1.22. Littelfuse has a fifty-two week low of $192.19 and a fifty-two week high of $334.84. The company has a quick ratio of 3.07, a current ratio of 4.31 and a debt ratio of 0.43. The company’s fifty-day moving average is $215.20 and its 200-day moving average is $239.67.

Littelfuse (NASDAQ:LFUS – Get Rating) last reported results on Tuesday, August 2. The technology company reported earnings per share (EPS) of $4.26 for the quarter, beating the consensus estimate of $4.03 by $0.23. Littelfuse had a return on equity of 21.03% and a net margin of 14.93%. The company posted revenue of $618.44 million for the quarter, versus analyst estimates of $602.08 million. On average, stock analysts expect Littelfuse to post earnings per share of 16.46 for the current fiscal year.

Changes to analyst ratings

Several analysts have weighed in on the company recently. Cowen downgraded Littelfuse from an “outperforming” rating to a “market performing” rating and lowered its price target for the stock from $295.00 to $225.00 in a research report on Thursday. Robert W. Baird lowered his price target on Littelfuse from $272.00 to $245.00 and set a “neutral” rating for the company in a research report on Friday, September 16. StockNews.com supported Littelfuse’s coverage in a Wednesday, October 12 research report. They set a “hold” rating for the company. Cowen downgraded Littelfuse from an “outperforming” rating to a “market performing” rating in a research report on Thursday. Finally, Benchmark supported Littelfuse’s coverage in a Wednesday, September 21 research report. They set a “hold” rating for the company. Six research analysts rated the stock with a holding rating. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $254.00.

Hedge funds weigh on Littelfuse

Several large investors have recently bought and sold shares of the company. ExodusPoint Capital Management LP increased its position in Littelfuse by 277.9% in the second quarter. ExodusPoint Capital Management LP now owns 4,939 shares of the technology company valued at $1,255,000 after buying 3,632 additional shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Littelfuse by 0.6% during the second quarter. Goldman Sachs Group Inc. now owns 65,306 shares of the technology company worth $16,591,000 after acquiring 361 additional shares in the last quarter. First Republic Investment Management Inc. raised its position in shares of Littelfuse by 1.4% during the second quarter. First Republic Investment Management Inc. now owns 8,369 shares of the technology company worth $2,126,000 after acquiring 116 additional shares in the last quarter. Captrust Financial Advisors increased its position in Littelfuse shares by 136.3% during the second quarter. Captrust Financial Advisors now owns 1,843 shares of the technology company worth $468,000 after acquiring 1,063 additional shares in the last quarter. Finally, Prudential Financial Inc. increased its position in Littelfuse shares by 32.6% during the second quarter. Prudential Financial Inc. now owns 7,981 shares of the technology company worth $2,035,000 after acquiring 1,964 additional shares in the last quarter. 95.45% of the shares are currently held by institutional investors.

Littelfuse Company Profile

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Littelfuse, Inc manufactures and sells circuit protection, power control, and sensing products in Asia Pacific, the Americas, and Europe. The Company’s Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, magnetic sensing products based on reed switches and gas discharge; and discrete transient voltage suppression (TVS) diodes, TVS diode arrays, protection and switching thyristors, metal-oxide-semiconductor field-effect transistors and diodes, and insulated-gate bipolar transistors .

Further reading

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