Channing Capital Management Lowers stake in Littelfuse (LFUS)

Littelfuse (LFUS) : Channing Capital Management reduced its stake in Littelfuse by 20.97% during the most recent quarter end. The investment management company now holds a total of 347,287 shares of Littelfuse which is valued at $43,004,549 after selling 92,144 shares in Littelfuse , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Littelfuse makes up approximately 1.73% of Channing Capital Management’s portfolio.

Other Hedge Funds, Including , California State Teachers Retirement System reduced its stake in LFUS by selling 1,458 shares or 3.04% in the most recent quarter. The Hedge Fund company now holds 46,525 shares of LFUS which is valued at $5,761,191. Littelfuse makes up approx 0.01% of California State Teachers Retirement System’s portfolio.Chase Investment Counsel Corp reduced its stake in LFUS by selling 180 shares or 2.55% in the most recent quarter. The Hedge Fund company now holds 6,875 shares of LFUS which is valued at $853,394. Littelfuse makes up approx 0.37% of Chase Investment Counsel Corp’s portfolio.First National Bank Of Omaha boosted its stake in LFUS in the latest quarter, The investment management firm added 2,635 additional shares and now holds a total of 21,770 shares of Littelfuse which is valued at $2,626,551. Littelfuse makes up approx 0.20% of First National Bank Of Omaha’s portfolio.Gofen Glossberg Il reduced its stake in LFUS by selling 250 shares or 10.0% in the most recent quarter. The Hedge Fund company now holds 2,250 shares of LFUS which is valued at $270,068. Littelfuse makes up approx 0.01% of Gofen Glossberg Il’s portfolio.

Littelfuse closed down -8.28 points or -6.69% at $115.55 with 1,88,654 shares getting traded on Thursday. Post opening the session at $122.08, the shares hit an intraday low of $114.76 and an intraday high of $123.5 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Littelfuse reported $1.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $1.42. The company had revenue of $271.90 million for the quarter, compared to analysts expectations of $270.90 million. The company’s revenue was up 22.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.33 EPS.

Investors should note that on Jul 21, 2016, Littelfuse announced a cash dividend of $0.3300. The company’s management has announced Aug 23, 2016 as the ex-dividend date and fixed the record date on Aug 25, 2016. The payable date has been fixed on Sep 8, 2016.

Littelfuse Inc. (Littelfuse) 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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