Franklin Electric (NASDAQ:FELE) Insider Sells $190,000.00 in Stock

Franklin Electric Co., Inc. (NASDAQ:FELE) insider Delancey Davis sold 1,900 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $100.00, for a total transaction of $190,000.00. Following the transaction, the insider owned 10,402 shares in the company, valued at approximately $1,040,200. The trade was a 15.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Franklin Electric Stock Performance

Shares of NASDAQ:FELE opened at $98.38 on Friday. The company has a market capitalization of $4.35 billion, a price-to-earnings ratio of 29.63, a P/E/G ratio of 1.80 and a beta of 1.07. The firm’s 50 day simple moving average is $97.74 and its 200 day simple moving average is $97.74. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.67 and a quick ratio of 1.14. Franklin Electric Co., Inc. has a fifty-two week low of $84.31 and a fifty-two week high of $111.53.

Franklin Electric (NASDAQ:FELE) last announced its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.06. The business had revenue of $500.44 million for the quarter, compared to the consensus estimate of $479.21 million. Franklin Electric had a net margin of 6.91% and a return on equity of 14.86%. Franklin Electric’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period last year, the company posted $0.67 EPS. Franklin Electric has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, sell-side analysts forecast that Franklin Electric Co., Inc. will post 4.58 earnings per share for the current year.

Franklin Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Thursday, May 7th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Thursday, May 7th. Franklin Electric’s dividend payout ratio (DPR) is currently 33.73%.

Institutional Trading of Franklin Electric

Large investors have recently bought and sold shares of the business. Y Intercept Hong Kong Ltd bought a new stake in Franklin Electric during the 3rd quarter worth approximately $1,181,000. Teacher Retirement System of Texas increased its stake in Franklin Electric by 19.4% during the 4th quarter. Teacher Retirement System of Texas now owns 69,988 shares of the industrial products company’s stock worth $6,686,000 after purchasing an additional 11,351 shares in the last quarter. Public Sector Pension Investment Board increased its stake in Franklin Electric by 11.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 149,192 shares of the industrial products company’s stock worth $14,203,000 after purchasing an additional 15,387 shares in the last quarter. AlphaQuest LLC increased its stake in Franklin Electric by 38.7% during the 3rd quarter. AlphaQuest LLC now owns 45,466 shares of the industrial products company’s stock worth $4,328,000 after purchasing an additional 12,675 shares in the last quarter. Finally, Alps Advisors Inc. increased its stake in Franklin Electric by 11.8% during the 3rd quarter. Alps Advisors Inc. now owns 90,086 shares of the industrial products company’s stock worth $8,576,000 after purchasing an additional 9,528 shares in the last quarter. 79.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on FELE. Wall Street Zen upgraded shares of Franklin Electric from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. DA Davidson reiterated a “neutral” rating and issued a $100.00 price target on shares of Franklin Electric in a research report on Wednesday, April 29th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $106.00.

About Franklin Electric

Franklin Electric Co, Inc is a world‐leading manufacturer and distributor of systems and components for moving and managing water and fuel. Headquartered in Fort Wayne, Indiana, the company specializes in designing engineered pumping systems and related controls for residential, commercial and industrial applications.

Founded in 1944, Franklin Electric has built its reputation on submersible and surface pumping solutions for water wells, municipal water and wastewater treatment, irrigation and industrial fluid handling.