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 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 completion of the transaction, the insider owned 7,509 shares of the company’s stock, valued at $737,609.07. This represents a 35.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Franklin Electric Trading Up 0.4%

Franklin Electric stock traded up $0.36 during trading hours on Wednesday, hitting $101.01. The stock had a trading volume of 182,377 shares, compared to its average volume of 332,001. The company has a quick ratio of 1.14, a current ratio of 2.67 and a debt-to-equity ratio of 0.10. The stock has a market cap of $4.46 billion, a price-to-earnings ratio of 30.43, a P/E/G ratio of 1.79 and a beta of 1.07. Franklin Electric Co., Inc. has a one year low of $84.31 and a one year high of $111.53. The business’s 50 day simple moving average is $97.27 and its 200-day simple moving average is $97.66.

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

Franklin Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 7th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Thursday, May 7th. Franklin Electric’s payout ratio is 33.73%.

Institutional Investors Weigh In On Franklin Electric

A number of institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada boosted its position in shares of Franklin Electric by 81.6% during the 1st quarter. Royal Bank of Canada now owns 3,997 shares of the industrial products company’s stock valued at $375,000 after purchasing an additional 1,796 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Franklin Electric by 105.5% during the 1st quarter. AQR Capital Management LLC now owns 25,463 shares of the industrial products company’s stock valued at $2,390,000 after purchasing an additional 13,075 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Franklin Electric by 30.6% during the 1st quarter. NewEdge Advisors LLC now owns 5,760 shares of the industrial products company’s stock valued at $541,000 after purchasing an additional 1,349 shares in the last quarter. United Services Automobile Association bought a new stake in shares of Franklin Electric during the 1st quarter valued at about $243,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Franklin Electric by 8.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 137,162 shares of the industrial products company’s stock valued at $12,877,000 after purchasing an additional 10,862 shares in the last quarter. Institutional investors own 79.98% of the company’s stock.

Analyst Upgrades and Downgrades

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