Bank of New York Mellon Corp decreased its position in Littelfuse, Inc. (NASDAQ:LFUS) by 3.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 325,946 shares of the technology company’s stock after selling 10,484 shares during the period. Bank of New York Mellon Corp owned 1.44% of Littelfuse worth $53,781,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in LFUS. Northwestern Mutual Investment Management Company LLC increased its position in shares of Littelfuse by 0.4% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 3,900 shares of the technology company’s stock worth $624,000 after buying an additional 17 shares during the last quarter. Miles Capital Inc. increased its position in shares of Littelfuse by 1.8% in the first quarter. Miles Capital Inc. now owns 1,510 shares of the technology company’s stock worth $241,000 after buying an additional 26 shares during the last quarter. First Midwest Bank Trust Division increased its position in shares of Littelfuse by 1.4% in the second quarter. First Midwest Bank Trust Division now owns 2,305 shares of the technology company’s stock worth $380,000 after buying an additional 31 shares during the last quarter. World Asset Management Inc increased its position in shares of Littelfuse by 2.4% in the first quarter. World Asset Management Inc now owns 1,393 shares of the technology company’s stock worth $223,000 after buying an additional 32 shares during the last quarter. Finally, M&T Bank Corp increased its position in shares of Littelfuse by 2.9% in the first quarter. M&T Bank Corp now owns 2,517 shares of the technology company’s stock worth $403,000 after buying an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Shares of Littelfuse, Inc. (LFUS) opened at 186.47 on Friday. The stock has a market cap of $4.24 billion, a P/E ratio of 29.35 and a beta of 0.97. Littelfuse, Inc. has a 52-week low of $116.97 and a 52-week high of $188.60. The firm has a 50-day moving average price of $180.79 and a 200-day moving average price of $166.34.

Littelfuse (NASDAQ:LFUS) last issued its earnings results on Wednesday, August 2nd. The technology company reported $2.10 EPS for the quarter, meeting the Zacks’ consensus estimate of $2.10. Littelfuse had a return on equity of 19.67% and a net margin of 12.51%. The company had revenue of $313.36 million during the quarter, compared to the consensus estimate of $312.97 million. During the same period in the previous year, the firm posted $1.44 earnings per share. Littelfuse’s quarterly revenue was up 15.2% compared to the same quarter last year. On average, analysts anticipate that Littelfuse, Inc. will post $7.73 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Thursday, August 24th will be paid a $0.37 dividend. This is an increase from Littelfuse’s previous quarterly dividend of $0.33. This represents a $1.48 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date is Tuesday, August 22nd. Littelfuse’s payout ratio is presently 23.34%.

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LFUS has been the topic of a number of research analyst reports. Oppenheimer Holdings, Inc. lifted their target price on Littelfuse from $185.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday, July 19th. Stifel Nicolaus restated a “hold” rating and issued a $175.00 target price (up previously from $165.00) on shares of Littelfuse in a research report on Friday, July 21st. Robert W. Baird restated a “positive” rating and issued a $195.00 target price (up previously from $187.00) on shares of Littelfuse in a research report on Wednesday, July 19th. Zacks Investment Research downgraded Littelfuse from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, BidaskClub upgraded Littelfuse from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. Littelfuse presently has an average rating of “Hold” and a consensus price target of $187.40.

In other Littelfuse news, SVP Matthew Cole sold 150 shares of Littelfuse stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $169.23, for a total value of $25,384.50. Following the completion of the transaction, the senior vice president now directly owns 3,985 shares in the company, valued at $674,381.55. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.80% of the company’s stock.

About Littelfuse

Littelfuse, Inc is a supplier of circuit protection products for the electronics, automotive and industrial markets. The Company operates through three segments. The Electronics segment provides circuit protection components for overcurrent and overvoltage protection, as well as sensor components and modules to manufacturers of a range of electronic products.

Institutional Ownership by Quarter for Littelfuse (NASDAQ:LFUS)

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