Insider Selling: Franklin Electric (NASDAQ:FELE) Insider Sells $883,759.80 in Stock

Franklin Electric Co., Inc. (NASDAQ:FELE) insider Jonathan Grandon sold 8,547 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $103.40, for a total transaction of $883,759.80. Following the transaction, the insider directly owned 7,509 shares of the company’s stock, valued at approximately $776,430.60. This represents a 53.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Franklin Electric Trading Up 1.4%

NASDAQ FELE opened at $103.57 on Friday. Franklin Electric Co., Inc. has a 12 month low of $84.31 and a 12 month high of $111.53. The company has a 50-day moving average of $99.38 and a 200-day moving average of $98.24. 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 company has a market cap of $4.58 billion, a P/E ratio of 31.20, a P/E/G ratio of 1.86 and a beta of 1.05.

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

Franklin Electric Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Wall Street Zen raised shares of Franklin Electric from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. DA Davidson reissued a “neutral” rating and set a $100.00 target price on shares of Franklin Electric in a research report on Wednesday, April 29th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Franklin Electric in a research report on Tuesday. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $106.00.

Hedge Funds Weigh In On Franklin Electric

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC boosted its holdings in Franklin Electric by 20.0% in the 1st quarter. NewEdge Advisors LLC now owns 7,969 shares of the industrial products company’s stock worth $734,000 after acquiring an additional 1,329 shares during the period. Segall Bryant & Hamill LLC boosted its holdings in Franklin Electric by 81.4% in the 1st quarter. Segall Bryant & Hamill LLC now owns 481,906 shares of the industrial products company’s stock worth $44,417,000 after acquiring an additional 216,250 shares during the period. Bank of America Corp DE boosted its holdings in Franklin Electric by 11.0% in the 1st quarter. Bank of America Corp DE now owns 824,085 shares of the industrial products company’s stock worth $75,956,000 after acquiring an additional 81,988 shares during the period. Amundi boosted its holdings in Franklin Electric by 25.2% in the 1st quarter. Amundi now owns 881,425 shares of the industrial products company’s stock worth $81,225,000 after acquiring an additional 177,433 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in Franklin Electric by 21.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 977 shares of the industrial products company’s stock worth $90,000 after acquiring an additional 175 shares during the period. Hedge funds and other institutional investors own 79.98% of the company’s stock.

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.