Franklin Electric (NASDAQ:FELE) Insider Delancey Davis Sells 1,900 Shares of Stock

Franklin Electric Co., Inc. (NASDAQ:FELE) insider Delancey Davis sold 1,900 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $100.00, for a total transaction of $190,000.00. Following the transaction, the insider directly owned 10,402 shares of the company’s stock, valued at $1,040,200. This represents a 15.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Franklin Electric Stock Performance

NASDAQ FELE opened at $101.16 on Thursday. The stock has a 50-day simple moving average of $97.46 and a two-hundred day simple moving average of $97.70. The firm has a market capitalization of $4.47 billion, a P/E ratio of 30.47, a PEG ratio of 1.83 and a beta of 1.07. Franklin Electric Co., Inc. has a fifty-two week low of $84.31 and a fifty-two week high of $111.53. 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 (NASDAQ:FELE) last posted its earnings results on Tuesday, April 28th. The industrial products company reported $0.83 earnings per share 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 analyst estimates of $479.21 million. Franklin Electric had a net margin of 6.91% and a return on equity of 14.86%. The business’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.67 EPS. Franklin Electric has set its FY 2026 guidance at 4.400-4.600 EPS. On average, equities analysts forecast that Franklin Electric Co., Inc. will post 4.58 earnings per share for the current year.

Franklin Electric Dividend Announcement

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

Wall Street Analyst Weigh In

FELE has been the subject of a number of research reports. DA Davidson reaffirmed a “neutral” rating and set a $100.00 target price on shares of Franklin Electric in a report on Wednesday, April 29th. Wall Street Zen raised shares of Franklin Electric from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $106.00.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Quarry LP purchased a new stake in Franklin Electric during the third quarter worth about $28,000. Aster Capital Management DIFC Ltd purchased a new stake in Franklin Electric during the fourth quarter worth about $35,000. EverSource Wealth Advisors LLC increased its stake in 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 during the period. Farther Finance Advisors LLC increased its stake in 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 purchasing an additional 309 shares during the period. Finally, Kestra Advisory Services LLC purchased a new stake in Franklin Electric during the fourth quarter worth about $48,000. Institutional investors and hedge funds own 79.98% of the company’s stock.

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.