Palisade Capital Managementnj Lowers stake in Littelfuse (LFUS)

Littelfuse (LFUS) : Palisade Capital Managementnj reduced its stake in Littelfuse by 0.88% during the most recent quarter end. The investment management company now holds a total of 167,451 shares of Littelfuse which is valued at $20,735,457 after selling 1,483 shares in Littelfuse , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Littelfuse makes up approximately 0.88% of Palisade Capital Managementnj’s portfolio.

Other Hedge Funds, Including , Independent Portfolio Consultants reduced its stake in LFUS by selling 1,266 shares or 10.31% in the most recent quarter. The Hedge Fund company now holds 11,009 shares of LFUS which is valued at $1,322,511. Littelfuse makes up approx 0.40% of Independent Portfolio Consultants’s portfolio.Fisher Asset Management boosted its stake in LFUS in the latest quarter, The investment management firm added 134,419 additional shares and now holds a total of 361,838 shares of Littelfuse which is valued at $43,431,415. Littelfuse makes up approx 0.08% of Fisher Asset Management’s portfolio.Curian Capital reduced its stake in LFUS by selling 3,764 shares or 61.46% in the most recent quarter. The Hedge Fund company now holds 2,360 shares of LFUS which is valued at $276,238. Littelfuse makes up approx 0.02% of Curian Capital’s portfolio.

Littelfuse closed down -1.97 points or -1.66% at $116.45 with 1,20,963 shares getting traded on Monday. Post opening the session at $118.16, the shares hit an intraday low of $116.17 and an intraday high of $120.74 and the price fluctuated in this range throughout the day.Shares ended Monday 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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