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Cole Matthew, Senior Vice President of eMobility & Corporate Strategy at Littelfuse Inc. (NASDAQ:LFUS), recently sold 500 shares of the company’s common stock. The sale, executed on February 19, 2025, was conducted at a price of $255 per share, bringing the total transaction value to $127,500. This transaction was carried out under a Rule 10b5-1 trading plan, which Matthew adopted on September 12, 2024.
In addition to the sale, Matthew also executed stock options, acquiring 500 shares at a price of $192.59 each, totaling $96,295. Following these transactions, Matthew now holds 5,522 shares of Littelfuse common stock directly. The company has maintained dividend payments for 16 consecutive years, with a current dividend yield of 1.11%.
Littelfuse, headquartered in Rosemont, Illinois, is known for its manufacturing of switchgear and switchboard apparatus. The company continues to be a notable player in the electronics industry, with its stock traded on NASDAQ under the ticker LFUS. With a market capitalization of $6.3 billion and strong financial health metrics, including a current ratio of 3.61, the company operates with moderate debt levels. For deeper insights and additional analysis, including Fair Value estimates and 8 more exclusive ProTips, visit InvestingPro.
In other recent news, Littelfuse Inc. reported its fourth-quarter 2024 earnings, with an adjusted diluted earnings per share (EPS) of $2.14, which fell short of the anticipated $2.36. However, the company’s revenue for the quarter was $530 million, slightly surpassing the expected $523.3 million. For the full year, sales reached $2.2 billion, marking a 7% decrease compared to the previous year. The company generated a strong free cash flow of $282 million for the year. CEO Dave Heintzeman announced his retirement after 40 years, with Greg Henderson set to take over the role. Looking forward, Littelfuse has provided guidance for the first quarter of 2025, expecting sales between $520 million and $550 million and EPS ranging from $1.70 to $1.80. The company anticipates a gradual recovery in the industrial market. Additionally, Littelfuse is focusing on high-voltage electric vehicle applications and electrification technologies, maintaining a strong position in emerging technology areas.
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