Insider Selling: Franklin Electric Co., Inc. (NASDAQ:FELE) Insider Sells $575,429.44 in Stock

Franklin Electric Co., Inc. (NASDAQ:FELE) insider Gregg C. Sengstack sold 5,396 shares of Franklin Electric stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $106.64, for a total transaction of $575,429.44. Following the completion of the transaction, the insider now directly owns 98,093 shares of the company’s stock, valued at $10,460,637.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Franklin Electric Price Performance

Franklin Electric stock opened at $99.83 on Friday. Franklin Electric Co., Inc. has a 12-month low of $82.61 and a 12-month high of $108.39. The company has a current ratio of 2.65, a quick ratio of 1.14 and a debt-to-equity ratio of 0.07. The firm has a 50-day moving average price of $98.69 and a 200-day moving average price of $99.78. The firm has a market capitalization of $4.56 billion, a PE ratio of 24.83, a price-to-earnings-growth ratio of 2.10 and a beta of 0.96.

Franklin Electric (NASDAQ:FELE) last announced its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.06). The firm had revenue of $543.30 million during the quarter, compared to the consensus estimate of $570.80 million. Franklin Electric had a return on equity of 15.57% and a net margin of 9.35%. The firm’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.27 EPS. As a group, equities research analysts forecast that Franklin Electric Co., Inc. will post 4.22 EPS for the current year.

Franklin Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Thursday, August 1st. Franklin Electric’s dividend payout ratio (DPR) is presently 24.88%.

Analyst Ratings Changes

Several research analysts recently commented on the company. DA Davidson lifted their price target on Franklin Electric from $87.00 to $90.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. StockNews.com lowered Franklin Electric from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 9th.

Institutional Trading of Franklin Electric

Hedge funds and other institutional investors have recently bought and sold shares of the business. Pacer Advisors Inc. purchased a new position in Franklin Electric in the 4th quarter worth about $26,000. Principal Securities Inc. bought a new stake in shares of Franklin Electric during the fourth quarter valued at approximately $33,000. GAMMA Investing LLC boosted its holdings in shares of Franklin Electric by 88.0% in the first quarter. GAMMA Investing LLC now owns 314 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 147 shares during the period. ORG Partners LLC bought a new position in Franklin Electric in the second quarter worth approximately $36,000. Finally, Signaturefd LLC increased its holdings in Franklin Electric by 35.3% during the 4th quarter. Signaturefd LLC now owns 541 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 141 shares during the period. Hedge funds and other institutional investors own 79.98% of the company’s stock.

Franklin Electric Company Profile

Franklin Electric Co, Inc, together with its subsidiaries, designs, manufactures, and distributes water and fuel pumping systems worldwide. The company operates through Water Systems, Fueling Systems, and Distribution segments. The Water Systems segment offers submersible motors, drives, pumps, electronic controls, water treatment systems, monitoring devices, and related parts and equipment.