Littelfuse, Inc. (NASDAQ:LFUS – Get Free Report) announced 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 yield of 0.7%. The ex-dividend date is Thursday, May 21st.
Littelfuse has increased its dividend payment by an average of 0.1%annually 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% meaning its dividend is sufficiently covered by earnings. Equities 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%
NASDAQ LFUS traded up $18.87 during trading hours on Wednesday, hitting $441.67. 794,924 shares of the company’s stock were exchanged, compared to its average volume of 270,756. The stock has a 50-day simple moving average of $358.42 and a 200 day simple moving average of $306.17. Littelfuse has a 1-year low of $188.08 and a 1-year high of $475.00. The firm has a market cap of $11.11 billion, a price-to-earnings ratio of -152.30, a PEG ratio of 2.72 and a beta of 1.46. The company has a current ratio of 2.69, a quick ratio of 1.91 and a debt-to-equity ratio of 0.29.
Insiders Place Their Bets
In other Littelfuse news, Director Gordon Hunter sold 911 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $367.68, for a total value of $334,956.48. Following the transaction, the director owned 26,789 shares in the company, valued at approximately $9,849,779.52. This represents a 3.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kristina A. Cerniglia sold 2,343 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $368.38, for a total value of $863,114.34. Following the completion of the transaction, the director owned 4,255 shares in the company, valued at approximately $1,567,456.90. The trade was a 35.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 15,351 shares of company stock valued at $5,384,405. 1.00% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of LFUS. Wellington Management Group LLP bought a new position in shares of Littelfuse in the fourth quarter valued at approximately $114,166,000. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Littelfuse by 67.3% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,024,176 shares of the technology company’s stock valued at $259,035,000 after purchasing an additional 412,160 shares in the last quarter. Norges Bank bought a new position in shares of Littelfuse in the fourth quarter valued at approximately $73,575,000. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Littelfuse by 58.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 609,966 shares of the technology company’s stock valued at $154,273,000 after purchasing an additional 225,445 shares in the last quarter. Finally, Corient Private Wealth LLC lifted its holdings in shares of Littelfuse by 1,842.8% in the fourth quarter. Corient Private Wealth LLC now owns 193,583 shares of the technology company’s stock valued at $48,961,000 after purchasing an additional 183,619 shares in the last quarter. Institutional investors own 96.14% of the company’s stock.
About Littelfuse
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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