M&T Bank Corp Has $1.58 Million Position in Littelfuse, Inc. (NASDAQ:LFUS)

M&T Bank Corp cut its holdings in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 1.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,949 shares of the technology company’s stock after selling 68 shares during the period. M&T Bank Corp’s holdings in Littelfuse were worth $1,578,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Huntington National Bank lifted its holdings in shares of Littelfuse by 200.0% during the third quarter. Huntington National Bank now owns 96 shares of the technology company’s stock worth $25,000 after purchasing an additional 64 shares during the period. Truvestments Capital LLC bought a new position in Littelfuse during the 3rd quarter worth $27,000. CWM LLC grew its position in shares of Littelfuse by 410.7% in the 2nd quarter. CWM LLC now owns 143 shares of the technology company’s stock valued at $37,000 after buying an additional 115 shares during the last quarter. UMB Bank n.a. grew its position in shares of Littelfuse by 70.2% in the 3rd quarter. UMB Bank n.a. now owns 143 shares of the technology company’s stock valued at $38,000 after buying an additional 59 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Littelfuse in the third quarter valued at about $53,000. 96.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Oppenheimer upgraded Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 target price on the stock in a report on Thursday, October 17th. StockNews.com raised shares of Littelfuse from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Robert W. Baird boosted their target price on shares of Littelfuse from $300.00 to $315.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. Finally, Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a research report on Wednesday, October 30th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Littelfuse presently has a consensus rating of “Moderate Buy” and a consensus target price of $285.00.

Littelfuse Stock Down 1.0 %

Littelfuse stock opened at $246.30 on Friday. The company has a market capitalization of $6.11 billion, a PE ratio of 31.66, a PEG ratio of 2.48 and a beta of 1.26. Littelfuse, Inc. has a 12-month low of $222.91 and a 12-month high of $275.58. The firm’s fifty day moving average is $251.16 and its 200 day moving average is $255.26. The company has a quick ratio of 2.52, a current ratio of 3.55 and a debt-to-equity ratio of 0.31.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.62. The firm had revenue of $567.39 million for the quarter, compared to analyst estimates of $557.38 million. Littelfuse had a net margin of 8.88% and a return on equity of 8.49%. The business’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.97 earnings per share. As a group, sell-side analysts predict that Littelfuse, Inc. will post 8.47 EPS for the current fiscal year.

Littelfuse Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were issued a $0.70 dividend. The ex-dividend date was Thursday, November 21st. This represents a $2.80 annualized dividend and a yield of 1.14%. Littelfuse’s payout ratio is currently 35.99%.

Littelfuse Profile

Littelfuse, Inc designs, manufactures, and sells electronic components, modules, and subassemblies in the Americas, Asia-Pacific, and Europe. The company operates through Electronic, Transportation, and Industrial segments. The Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, electromechanical switches and interconnect solutions, polymer electrostatic discharge suppressors, varistors, reed switch based magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, metal-oxide-semiconductor field-effect transistors and diodes, and insulated gate bipolar transistors.