Insider Selling: Franklin Electric (NASDAQ:FELE) Insider Sells 4,988 Shares of Stock

Franklin Electric Co., Inc. (NASDAQ:FELE) insider Jonathan Grandon sold 4,988 shares of Franklin Electric stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $100.02, for a total value of $498,899.76. Following the completion of the transaction, the insider owned 7,509 shares in the company, valued at $751,050.18. The trade was a 39.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Franklin Electric Trading Down 0.8%

Franklin Electric stock traded down $0.84 during midday trading on Monday, reaching $98.60. The stock had a trading volume of 170,060 shares, compared to its average volume of 349,481. Franklin Electric Co., Inc. has a twelve month low of $83.42 and a twelve month high of $111.53. The stock has a market capitalization of $4.35 billion, a PE ratio of 29.66, a price-to-earnings-growth ratio of 1.81 and a beta of 1.07. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.14 and a current ratio of 2.67. The stock’s 50-day simple moving average is $96.79 and its 200 day simple moving average is $97.46.

Franklin Electric (NASDAQ:FELE) last issued its 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. Franklin Electric had a return on equity of 14.86% and a net margin of 6.91%.The firm had revenue of $500.44 million for the quarter, compared to analysts’ expectations of $479.21 million. During the same quarter last year, the firm earned $0.67 earnings per share. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. Franklin Electric has set its FY 2026 guidance at 4.400-4.600 EPS. Analysts expect that Franklin Electric Co., Inc. will post 4.58 EPS for the current year.

Franklin Electric Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quarry LP acquired a new position in shares of Franklin Electric during the third quarter worth about $28,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Franklin Electric during the fourth quarter worth about $35,000. EverSource Wealth Advisors LLC lifted its stake in shares of Franklin Electric by 31.2% during the second quarter. EverSource Wealth Advisors LLC now owns 425 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 101 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Franklin Electric by 213.1% during the fourth quarter. Farther Finance Advisors LLC now owns 454 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 309 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Franklin Electric during the fourth quarter worth about $48,000. Institutional investors and hedge funds own 79.98% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on FELE shares. Wall Street Zen upgraded Franklin Electric from a “hold” rating to a “buy” rating in a research note on Saturday. DA Davidson restated a “neutral” rating and set a $100.00 price objective on shares of Franklin Electric in a research note on Wednesday, April 29th. Three analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold” and an average 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.