Franklin Electric Co., Inc. (NASDAQ:FELE) Insider Delancey W. Davis Sells 961 Shares

Franklin Electric Co., Inc. (NASDAQ:FELE) insider Delancey W. Davis sold 961 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $103.14, for a total value of $99,117.54. Following the completion of the sale, the insider now directly owns 7,701 shares of the company’s stock, valued at $794,281.14. The trade was a 11.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Franklin Electric Stock Performance

Shares of FELE stock opened at $102.15 on Friday. The stock has a market cap of $4.67 billion, a PE ratio of 26.53, a price-to-earnings-growth ratio of 2.11 and a beta of 1.00. The business has a 50-day simple moving average of $99.48 and a 200-day simple moving average of $101.88. The company has a quick ratio of 1.06, a current ratio of 2.22 and a debt-to-equity ratio of 0.01. Franklin Electric Co., Inc. has a 52-week low of $91.67 and a 52-week high of $111.94.

Franklin Electric (NASDAQ:FELE) last announced its quarterly earnings results on Tuesday, February 18th. The industrial products company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.03. Franklin Electric had a return on equity of 14.46% and a net margin of 8.92%. The firm had revenue of $485.75 million during the quarter, compared to analyst estimates of $465.87 million. On average, equities analysts expect that Franklin Electric Co., Inc. will post 4.19 EPS for the current year.

Franklin Electric Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were issued a dividend of $0.265 per share. This is a boost from Franklin Electric’s previous quarterly dividend of $0.25. This represents a $1.06 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend was Thursday, February 6th. Franklin Electric’s payout ratio is currently 27.53%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in Franklin Electric during the fourth quarter worth $56,968,000. Allianz Asset Management GmbH increased its holdings in Franklin Electric by 21.6% in the fourth quarter. Allianz Asset Management GmbH now owns 811,682 shares of the industrial products company’s stock valued at $79,098,000 after buying an additional 143,917 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in Franklin Electric in the fourth quarter valued at $134,000. JPMorgan Chase & Co. increased its holdings in Franklin Electric by 60.1% in the fourth quarter. JPMorgan Chase & Co. now owns 247,098 shares of the industrial products company’s stock valued at $24,080,000 after buying an additional 92,793 shares during the last quarter. Finally, Wealthfront Advisers LLC purchased a new position in Franklin Electric in the fourth quarter valued at $8,046,000. 79.98% of the stock is currently owned by institutional investors and hedge funds.

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.