Insider Selling: Franklin Electric (NASDAQ:FELE) Insider Sells 4,988 Shares of Stock

Franklin Electric Co., Inc. (NASDAQ:FELE) insider Jonathan Grandon sold 4,988 shares of the firm’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $100.02, for a total value of $498,899.76. Following the transaction, the insider directly owned 7,509 shares of the company’s stock, valued at $751,050.18. The trade was a 39.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Franklin Electric Price Performance

Franklin Electric stock traded down $0.84 during mid-day trading on Monday, hitting $98.60. 170,060 shares of the company were exchanged, compared to its average volume of 349,481. 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 business’s 50 day simple moving average is $96.79 and its two-hundred day simple moving average is $97.46. The company has a market capitalization of $4.35 billion, a P/E ratio of 29.66, a PEG ratio of 1.81 and a beta of 1.07. Franklin Electric Co., Inc. has a 12-month low of $83.42 and a 12-month high of $111.53.

Franklin Electric (NASDAQ:FELE) last released its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $0.83 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 14.86% and a net margin of 6.91%.Franklin Electric’s revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.67 earnings per share. Franklin Electric has set its FY 2026 guidance at 4.400-4.600 EPS. Analysts forecast that Franklin Electric Co., Inc. will post 4.58 earnings per share for the current fiscal year.

Franklin Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 21st. Shareholders of record on Thursday, May 7th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, May 7th. This represents a $1.12 annualized dividend and a yield of 1.1%. Franklin Electric’s dividend payout ratio (DPR) is presently 33.73%.

Institutional Investors Weigh In On Franklin Electric

Several hedge funds have recently made changes to their positions in FELE. Quarry LP acquired a new stake in shares of Franklin Electric during the third quarter worth $28,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Franklin Electric during the fourth quarter worth $35,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Franklin Electric by 31.2% during the second quarter. EverSource Wealth Advisors LLC now owns 425 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 101 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Franklin Electric by 213.1% during the fourth quarter. Farther Finance Advisors LLC now owns 454 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 309 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in Franklin Electric in the fourth quarter valued at $48,000. Institutional investors and hedge funds own 79.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on FELE. Wall Street Zen upgraded Franklin Electric from a “hold” rating to a “buy” rating in a report on Saturday. DA Davidson restated a “neutral” rating and set a $100.00 price objective on shares of Franklin Electric in a report on Wednesday, April 29th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Franklin Electric presently has a consensus rating of “Hold” and a consensus target price of $106.00.

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.