Franklin Electric Co. (NASDAQ:FELE) shares were up 3.3% during mid-day trading on Wednesday . The stock traded as high as $37.92 and last traded at $37.82, with a volume of 399,218 shares traded. The stock had previously closed at $36.62.

Several research analysts recently issued reports on FELE shares. TheStreet upgraded shares of Franklin Electric from a “hold” rating to a “buy” rating in a research report on Monday, March 21st. Sterne Agee CRT reiterated a “buy” rating on shares of Franklin Electric in a research report on Monday, May 16th. Zacks Investment Research downgraded shares of Franklin Electric from a “buy” rating to a “hold” rating in a research note on Thursday, June 30th. Seaport Global Securities downgraded shares of Franklin Electric from an “accumulate” rating to a “neutral” rating and set a $36.00 price target for the company. in a research note on Friday, June 10th. Finally, Boenning Scattergood raised shares of Franklin Electric from a “neutral” rating to an “outperform” rating and set a $40.00 price target for the company in a research note on Monday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $33.83.

The company’s 50-day moving average is $33.58 and its 200 day moving average is $30.66. The stock has a market capitalization of $1.73 billion and a PE ratio of 27.40.

Franklin Electric (NASDAQ:FELE) last announced its quarterly earnings data on Monday, May 2nd. The company reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.02. During the same quarter last year, the firm earned $0.32 EPS. The firm had revenue of $218.40 million for the quarter, compared to analysts’ expectations of $217.20 million. Franklin Electric’s revenue for the quarter was down 3.2% on a year-over-year basis. On average, analysts predict that Franklin Electric Co. will post $1.64 EPS for the current year.

In other news, VP Donald P. Kenney sold 1,000 shares of the firm’s stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $33.27, for a total transaction of $33,270.00. Following the sale, the vice president now directly owns 19,627 shares in the company, valued at approximately $652,990.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Donald P. Kenney sold 1,400 shares of the firm’s stock in a transaction on Wednesday, May 4th. The shares were sold at an average price of $32.27, for a total transaction of $45,178.00. Following the sale, the vice president now owns 23,812 shares in the company, valued at $768,413.24. The disclosure for this sale can be found here.

A number of institutional investors recently bought and sold shares of the stock. Russell Frank Co boosted its position in Franklin Electric by 103.9% in the fourth quarter. Russell Frank Co now owns 127,966 shares of the company’s stock valued at $3,543,000 after buying an additional 65,204 shares during the last quarter. California State Teachers Retirement System boosted its position in shares of Franklin Electric by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 88,297 shares of the company’s stock worth $2,387,000 after buying an additional 1,412 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Franklin Electric by 5.6% in the fourth quarter. Rhumbline Advisers now owns 68,297 shares of the company’s stock worth $1,846,000 after buying an additional 3,620 shares during the last quarter. Tributary Capital Management LLC boosted its position in shares of Franklin Electric by 11.0% in the fourth quarter. Tributary Capital Management LLC now owns 195,284 shares of the company’s stock worth $5,279,000 after buying an additional 19,386 shares during the last quarter. Finally, Morgan Stanley boosted its position in shares of Franklin Electric by 166.2% in the fourth quarter. Morgan Stanley now owns 418,213 shares of the company’s stock worth $11,306,000 after buying an additional 261,097 shares during the last quarter.

Franklin Electric Co, Inc, together with its subsidiaries, is engaged in designing, manufacturing and distributing water and fuel pumping systems, composed of submersible motors, pumps, electronic controls, and related parts and equipment. The Company’s segments include the Water Systems segment and the Fueling Systems segment.

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