Franklin Electric Co. (NASDAQ:FELE) VP Donald P. Kenney sold 1,313 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $46.21, for a total transaction of $60,673.73. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Donald P. Kenney also recently made the following trade(s):

  • On Thursday, April 25th, Donald P. Kenney sold 1,335 shares of Franklin Electric stock. The shares were sold at an average price of $46.40, for a total transaction of $61,944.00.

FELE traded down $0.02 on Monday, reaching $45.97. 1,943 shares of the company traded hands, compared to its average volume of 129,032. The business has a 50 day moving average price of $46.01. Franklin Electric Co. has a 52-week low of $38.87 and a 52-week high of $55.59. The stock has a market cap of $2.13 billion, a P/E ratio of 20.29, a price-to-earnings-growth ratio of 3.93 and a beta of 1.34. The company has a current ratio of 2.13, a quick ratio of 0.95 and a debt-to-equity ratio of 0.13.

Franklin Electric (NASDAQ:FELE) last announced its quarterly earnings data on Tuesday, April 23rd. The industrial products company reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.19). The company had revenue of $290.70 million for the quarter, compared to analysts’ expectations of $304.61 million. Franklin Electric had a net margin of 7.25% and a return on equity of 13.11%. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 earnings per share. On average, sell-side analysts anticipate that Franklin Electric Co. will post 2.34 earnings per share for the current year.

A number of brokerages recently commented on FELE. Zacks Investment Research downgraded shares of Franklin Electric from a “hold” rating to a “sell” rating in a research report on Wednesday, April 17th. BidaskClub raised shares of Franklin Electric from a “hold” rating to a “buy” rating in a research report on Wednesday, February 20th. Boenning Scattergood reaffirmed a “buy” rating and set a $54.00 price objective on shares of Franklin Electric in a research report on Tuesday, February 19th. Finally, ValuEngine downgraded shares of Franklin Electric from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th.

Hedge funds have recently bought and sold shares of the business. Bank of Montreal Can raised its stake in shares of Franklin Electric by 7.3% in the 4th quarter. Bank of Montreal Can now owns 3,322 shares of the industrial products company’s stock valued at $143,000 after buying an additional 226 shares in the last quarter. Xact Kapitalforvaltning AB raised its holdings in Franklin Electric by 16.4% during the 4th quarter. Xact Kapitalforvaltning AB now owns 8,523 shares of the industrial products company’s stock worth $365,000 after buying an additional 1,200 shares during the period. Crossmark Global Holdings Inc. raised its holdings in Franklin Electric by 29.3% during the 4th quarter. Crossmark Global Holdings Inc. now owns 8,125 shares of the industrial products company’s stock worth $348,000 after buying an additional 1,840 shares during the period. Rhumbline Advisers raised its holdings in Franklin Electric by 21.5% during the 4th quarter. Rhumbline Advisers now owns 130,683 shares of the industrial products company’s stock worth $5,604,000 after buying an additional 23,082 shares during the period. Finally, State Board of Administration of Florida Retirement System raised its holdings in Franklin Electric by 11.3% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 35,993 shares of the industrial products company’s stock worth $1,543,000 after buying an additional 3,668 shares during the period. 77.22% of the stock is owned by institutional investors.

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Franklin Electric Company Profile

Franklin Electric Co, Inc, together with its subsidiaries, designs, manufactures, and distributes water and fuel pumping systems worldwide. It operates in three segments: Water Systems, Fueling Systems, and Distribution. The Water Systems segment offers submersible motors, pumps, drives, electronic controls, monitoring devices, and related parts and equipment.

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