Franklin Electric (NASDAQ:FELE) Insider Jonathan Grandon Sells 4,200 Shares

Franklin Electric Co., Inc. (NASDAQ:FELE) insider Jonathan Grandon sold 4,200 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $98.23, for a total value of $412,566.00. Following the sale, the insider owned 7,509 shares in the company, valued at approximately $737,609.07. The trade was a 35.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Franklin Electric Trading Up 0.4%

Shares of Franklin Electric stock traded up $0.36 on Wednesday, hitting $101.01. 182,377 shares of the company’s stock traded hands, compared to its average volume of 332,001. The company has a fifty day moving average of $97.27 and a two-hundred day moving average of $97.66. The company has a market capitalization of $4.46 billion, a price-to-earnings ratio of 30.43, a price-to-earnings-growth ratio of 1.79 and a beta of 1.07. 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 one year low of $84.31 and a one year high of $111.53.

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

Franklin Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Thursday, May 7th were issued a dividend of $0.28 per share. The ex-dividend date was Thursday, May 7th. This represents a $1.12 annualized dividend and a dividend yield of 1.1%. Franklin Electric’s payout ratio is currently 33.73%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Wall Street Zen raised Franklin Electric from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. DA Davidson reissued a “neutral” rating and issued a $100.00 price objective on shares of Franklin Electric in a research note on Wednesday, April 29th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $106.00.

Institutional Trading of Franklin Electric

Institutional investors and hedge funds have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund lifted its holdings in Franklin Electric by 1.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 8,716 shares of the industrial products company’s stock worth $833,000 after acquiring an additional 100 shares during the period. EverSource Wealth Advisors LLC grew its stake in Franklin Electric by 31.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 425 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 101 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in Franklin Electric by 1.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,885 shares of the industrial products company’s stock valued at $787,000 after purchasing an additional 111 shares during the period. LPL Financial LLC grew its stake in Franklin Electric by 1.0% in the 4th quarter. LPL Financial LLC now owns 12,158 shares of the industrial products company’s stock valued at $1,161,000 after purchasing an additional 115 shares during the period. Finally, Osaic Holdings Inc. grew its stake in Franklin Electric by 24.3% in the 2nd quarter. Osaic Holdings Inc. now owns 608 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 119 shares during the period. 79.98% of the stock is owned by hedge funds and other institutional investors.

Franklin Electric Company Profile

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.