Franklin Electric (NASDAQ:FELE) Insider Sells $190,000.00 in Stock

Franklin Electric Co., Inc. (NASDAQ:FELE) insider Delancey Davis sold 1,900 shares of the 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. The trade was a 15.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Franklin Electric Trading Up 0.4%

Shares of NASDAQ:FELE traded up $0.36 during mid-day trading on Wednesday, reaching $101.01. 182,377 shares of the company were exchanged, compared to its average volume of 332,001. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.67 and a quick ratio of 1.14. The firm 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. The firm’s 50-day simple moving average is $97.27 and its 200 day simple moving average is $97.66. Franklin Electric Co., Inc. has a 1 year low of $84.31 and a 1 year high of $111.53.

Franklin Electric (NASDAQ:FELE) last released its earnings results on Tuesday, April 28th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.06. The company had revenue of $500.44 million for 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 firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.67 EPS. Franklin Electric has set its FY 2026 guidance at 4.400-4.600 EPS. Equities research analysts forecast that Franklin Electric Co., Inc. will post 4.58 EPS for the current year.

Franklin Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Thursday, May 7th were issued 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 dividend payout ratio (DPR) is presently 33.73%.

Institutional Investors Weigh In On Franklin Electric

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Teacher Retirement System of Texas raised its stake in Franklin Electric by 19.4% during the 4th quarter. Teacher Retirement System of Texas now owns 69,988 shares of the industrial products company’s stock worth $6,686,000 after acquiring an additional 11,351 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Franklin Electric during the 3rd quarter worth $1,181,000. Public Sector Pension Investment Board grew its position in Franklin Electric by 11.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 149,192 shares of the industrial products company’s stock worth $14,203,000 after purchasing an additional 15,387 shares during the last quarter. AlphaQuest LLC grew its position in Franklin Electric by 38.7% during the 3rd quarter. AlphaQuest LLC now owns 45,466 shares of the industrial products company’s stock worth $4,328,000 after purchasing an additional 12,675 shares during the last quarter. Finally, Alps Advisors Inc. grew its position in Franklin Electric by 11.8% during the 3rd quarter. Alps Advisors Inc. now owns 90,086 shares of the industrial products company’s stock worth $8,576,000 after purchasing an additional 9,528 shares during the last quarter. 79.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

FELE has been the topic of a number of analyst reports. DA Davidson restated a “neutral” rating and issued a $100.00 price objective on shares of Franklin Electric in a report 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 equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus 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.