Insider Selling: Franklin Electric (NASDAQ:FELE) Insider Sells 8,547 Shares of Stock

Franklin Electric Co., Inc. (NASDAQ:FELE) insider Jonathan Grandon sold 8,547 shares of the business’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $103.40, for a total transaction of $883,759.80. Following the completion of the sale, the insider owned 7,509 shares of the company’s stock, valued at $776,430.60. The trade was a 53.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Franklin Electric Stock Performance

Shares of Franklin Electric stock traded down $1.20 on Wednesday, reaching $101.44. The stock had a trading volume of 77,522 shares, compared to its average volume of 326,982. The business’s 50-day moving average price is $98.80 and its two-hundred day moving average price is $98.08. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.14 and a current ratio of 2.67. Franklin Electric Co., Inc. has a fifty-two week low of $84.31 and a fifty-two week high of $111.53. The stock has a market cap of $4.48 billion, a P/E ratio of 30.53, a price-to-earnings-growth ratio of 1.82 and a beta of 1.05.

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

Franklin Electric Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 1.1%. Franklin Electric’s payout ratio is 33.73%.

Hedge Funds Weigh In On Franklin Electric

Several large investors have recently bought and sold shares of FELE. Quarry LP acquired a new position in Franklin Electric during the 3rd quarter valued at $28,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Franklin Electric in the 4th quarter valued at $35,000. EverSource Wealth Advisors LLC raised its stake in shares of 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 buying an additional 101 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Franklin Electric by 213.1% in the 4th quarter. Farther Finance Advisors LLC now owns 454 shares of the industrial products company’s stock valued at $43,000 after buying an additional 309 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in shares of Franklin Electric in the 4th quarter valued at $48,000. 79.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.