Littelfuse, Inc. (LFUS) Increases Dividend to $0.29 Per Share
Littelfuse, Inc. (NASDAQ:LFUS) declared a quarterly dividend on Tuesday, February 2nd, AnalystRatingsNetwork.com reports. Shareholders of record on Thursday, February 25th will be given a dividend of 0.29 per share on Thursday, March 10th. This represents a $1.16 annualized dividend and a yield of 1.13%.
Littelfuse (NASDAQ:LFUS) opened at 102.32 on Tuesday. Littelfuse has a 52 week low of $82.53 and a 52 week high of $114.90. The firm has a 50 day moving average price of $102.06 and a 200 day moving average price of $97.61. The stock has a market capitalization of $2.28 billion and a P/E ratio of 29.32.
Littelfuse (NASDAQ:LFUS) last issued its earnings results on Tuesday, February 2nd. The company reported $1.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.17 by $0.04. The company earned $220 million during the quarter, compared to analysts’ expectations of $214.29 million. Equities research analysts predict that Littelfuse will post $5.01 earnings per share for the current year.
In other news, Director Anthony Grillo sold 750 shares of the company’s stock in a transaction dated Tuesday, December 15th. The stock was sold at an average price of $107.06, for a total value of $80,295.00. Following the completion of the sale, the director now owns 63,915 shares of the company’s stock, valued at $6,842,739.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO David W. Heinzmann sold 1,005 shares of the company’s stock in a transaction dated Friday, November 6th. The stock was sold at an average price of $104.90, for a total value of $105,424.50. Following the completion of the sale, the chief operating officer now directly owns 28,157 shares of the company’s stock, valued at approximately $2,953,669.30. The disclosure for this sale can be found here.
Separately, Zacks Investment Research lowered Littelfuse from a “hold” rating to a “sell” rating in a research report on Monday, October 19th.
Littelfuse, Inc. (NASDAQ:LFUS) is a supplier of circuit protection products for the electronics, automotive and electrical industries. In addition to the portfolio of circuit protection products and solutions, the Company and its subsidiaries offer a line of electromechanical and electronic switch and control devices for commercial and specialty vehicles and sensors for automobile safety systems, as well as protection relays and power distribution centers. The Company operates in three segments: Electronics, Automotive and Electrical. Electronic circuit protection products are used to protect circuits in electronic systems. Its Electronic product offering includes a line of overcurrent and overvoltage solutions, as well as sensors. The company’s automotive fuse products include ATO, MINI, MIDI, MEGA, Masterfuse, JCASE and CablePro. It manufactures and sells a range of Electrical Products, including low-voltage and medium-voltage circuit protection products.
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