Franklin Electric Co., Inc. (NASDAQ:FELE) VP Donald P. Kenney sold 4,754 shares of the company’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $45.00, for a total value of $213,930.00. Following the completion of the transaction, the vice president now directly owns 19,129 shares in the company, valued at $860,805. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Franklin Electric Co., Inc. (NASDAQ:FELE) traded down 0.66% during trading on Monday, hitting $45.15. The company had a trading volume of 21,080 shares. The firm’s 50 day moving average is $43.91 and its 200-day moving average is $41.02. Franklin Electric Co., Inc. has a 52-week low of $34.75 and a 52-week high of $46.95. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 24.54 and a beta of 1.62.

Franklin Electric Co. (NASDAQ:FELE) last announced its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. Franklin Electric Co. had a net margin of 8.13% and a return on equity of 13.09%. The firm had revenue of $311.11 million during the quarter, compared to analysts’ expectations of $317.54 million. During the same period in the previous year, the company earned $0.48 earnings per share. Franklin Electric Co.’s quarterly revenue was up 29.8% compared to the same quarter last year. On average, equities analysts forecast that Franklin Electric Co., Inc. will post $1.90 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 16th. Investors of record on Thursday, November 2nd will be given a $0.1075 dividend. The ex-dividend date is Wednesday, November 1st. This represents a $0.43 dividend on an annualized basis and a yield of 0.95%. Franklin Electric Co.’s dividend payout ratio (DPR) is presently 23.12%.

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A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Manchester Capital Management LLC lifted its position in Franklin Electric Co. by 0.3% in the second quarter. Manchester Capital Management LLC now owns 19,140 shares of the industrial products company’s stock valued at $792,000 after acquiring an additional 50 shares during the last quarter. Arizona State Retirement System lifted its position in Franklin Electric Co. by 0.5% in the second quarter. Arizona State Retirement System now owns 20,121 shares of the industrial products company’s stock valued at $833,000 after acquiring an additional 100 shares during the last quarter. Advisor Group Inc. lifted its position in Franklin Electric Co. by 3.9% in the second quarter. Advisor Group Inc. now owns 3,071 shares of the industrial products company’s stock valued at $127,000 after acquiring an additional 116 shares during the last quarter. Stifel Financial Corp lifted its position in Franklin Electric Co. by 2.3% in the second quarter. Stifel Financial Corp now owns 10,768 shares of the industrial products company’s stock valued at $446,000 after acquiring an additional 238 shares during the last quarter. Finally, Texas Permanent School Fund lifted its position in Franklin Electric Co. by 1.0% in the second quarter. Texas Permanent School Fund now owns 28,149 shares of the industrial products company’s stock valued at $1,165,000 after acquiring an additional 276 shares during the last quarter. 76.97% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently issued reports on the company. Seaport Global Securities reissued a “neutral” rating on shares of Franklin Electric Co. in a research report on Wednesday, October 25th. Robert W. Baird upped their target price on Franklin Electric Co. from $45.00 to $47.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th. Boenning Scattergood reissued a “buy” rating on shares of Franklin Electric Co. in a research report on Tuesday, October 24th. BidaskClub downgraded Franklin Electric Co. from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Finally, Zacks Investment Research raised Franklin Electric Co. from a “sell” rating to a “hold” rating and set a $45.00 target price on the stock in a research report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Franklin Electric Co. presently has an average rating of “Hold” and an average price target of $49.33.

About Franklin Electric Co.

Franklin Electric Co, Inc designs, manufactures and distributes water and fuel pumping systems, consisting of submersible motors, pumps, electronic controls and related parts and equipment. Its segments include Water Systems segment, the Fueling Systems segment and Other. Its Water Systems segment is engaged in the production and marketing of water pumping systems and offers motors, pumps, drives, electronic controls and monitoring devices.

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