Bank of New York Mellon Corp Makes New $86.34 Million Investment in Littelfuse, Inc. $LFUS

Key Points

• Bank of New York Mellon acquired 189,632 Littelfuse shares worth approximately $86.3 million, giving it a 0.75% stake. Institutional investors collectively own 96.14% of the company.
• Analyst sentiment remains positive, with four Buy ratings and two Holds, producing a “Moderate Buy” consensus and an average price target of $465.83.
• Littelfuse exceeded quarterly expectations with $4.19 in EPS and $738.78 million in revenue, while revenue grew 20.4% year over year. The company also raised its quarterly dividend to $0.80 per share from $0.75.

Bank of New York Mellon Corp acquired a new stake in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 189,632 shares of the technology company's stock, valued at approximately $86,345,000. Bank of New York Mellon Corp owned about 0.75% of Littelfuse as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State of Wyoming bought a new stake in shares of Littelfuse in the 2nd quarter valued at approximately $740,000. Trifecta Capital Advisors LLC acquired a new stake in shares of Littelfuse in the 2nd quarter valued at $137,000. Oppenheimer Asset Management Inc. bought a new stake in shares of Littelfuse in the 2nd quarter worth about $2,341,000. Handelsbanken Fonder AB increased its position in shares of Littelfuse by 65.3% during the 2nd quarter. Handelsbanken Fonder AB now owns 3,745 shares of the technology company's stock worth $1,705,000 after purchasing an additional 1,480 shares in the last quarter. Finally, Revolve Wealth Partners LLC bought a new position in Littelfuse during the 2nd quarter valued at about $234,000. 96.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Wall Street Zen raised Littelfuse from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 9th. Robert W. Baird lifted their price target on Littelfuse from $500.00 to $535.00 and gave the company an "outperform" rating in a report on Friday, June 5th. Needham & Company LLC reissued a "buy" rating and set a $520.00 price objective on shares of Littelfuse in a report on Monday, May 18th. Zacks Research downgraded shares of Littelfuse from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 13th. Finally, Weiss Ratings raised shares of Littelfuse from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, July 30th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $465.83.

Insiders Place Their Bets

In other Littelfuse news, Director Anthony Grillo sold 3,000 shares of the firm's stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $451.96, for a total transaction of $1,355,880.00. Following the completion of the sale, the director directly owned 64,928 shares in the company, valued at $29,344,858.88. This trade represents a 4.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.00% of the company's stock.

Littelfuse Price Performance

Shares of NASDAQ LFUS opened at $405.39 on Wednesday. The company has a fifty day moving average price of $434.26 and a 200 day moving average price of $406.40. The firm has a market cap of $10.30 billion, a PE ratio of -810.76, a PEG ratio of 2.13 and a beta of 1.49. The company has a current ratio of 2.76, a quick ratio of 2.00 and a debt-to-equity ratio of 0.20. Littelfuse, Inc. has a 1-year low of $233.36 and a 1-year high of $500.57.

Littelfuse (NASDAQ:LFUS - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $4.19 earnings per share for the quarter, topping analysts' consensus estimates of $3.78 by $0.41. The firm had revenue of $738.78 million during the quarter, compared to the consensus estimate of $703.38 million. Littelfuse had a positive return on equity of 13.02% and a negative net margin of 0.31%.The business's revenue was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.30 EPS. Littelfuse has set its Q3 2026 guidance at 4.850-5.050 EPS. Research analysts predict that Littelfuse, Inc. will post 15.78 earnings per share for the current fiscal year.

Littelfuse Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 20th will be given a $0.80 dividend. The ex-dividend date of this dividend is Thursday, August 20th. This is a positive change from Littelfuse's previous quarterly dividend of $0.75. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.8%. Littelfuse's payout ratio is -640.00%.

Littelfuse Company Profile

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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