Franklin Electric (NASDAQ:FELE) Insider Delancey Davis Sells 1,900 Shares

Franklin Electric Co., Inc. (NASDAQ:FELE) insider Delancey Davis sold 1,900 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $100.00, for a total transaction of $190,000.00. Following the transaction, the insider directly owned 10,402 shares in the company, valued at $1,040,200. The trade was a 15.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Franklin Electric Price Performance

FELE stock traded up $0.36 during trading on Wednesday, reaching $101.01. 182,377 shares of the company were exchanged, compared to its average volume of 332,001. The company has a market cap of $4.46 billion, a P/E ratio of 30.43, a PEG ratio of 1.79 and a beta of 1.07. Franklin Electric Co., Inc. has a 52-week low of $84.31 and a 52-week high of $111.53. The stock’s 50 day moving average price is $97.27 and its 200 day moving average price is $97.66. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.14 and a current ratio of 2.67.

Franklin Electric (NASDAQ:FELE) last released its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.06. The firm had revenue of $500.44 million for 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 firm’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.67 earnings per share. Franklin Electric has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, analysts predict that Franklin Electric Co., Inc. will post 4.58 earnings per share for the current fiscal year.

Franklin Electric Announces Dividend

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

Institutional Investors Weigh In On Franklin Electric

A number of institutional investors have recently bought and sold shares of FELE. Quarry LP purchased a new stake in Franklin Electric in the third quarter valued at approximately $28,000. Aster Capital Management DIFC Ltd purchased a new stake in Franklin Electric in the fourth quarter valued at approximately $35,000. EverSource Wealth Advisors LLC grew its holdings in Franklin Electric by 31.2% in the second quarter. EverSource Wealth Advisors LLC now owns 425 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 101 shares during the period. Farther Finance Advisors LLC grew its holdings in Franklin Electric by 213.1% in the fourth quarter. Farther Finance Advisors LLC now owns 454 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 309 shares during the period. Finally, Kestra Advisory Services LLC purchased a new stake in Franklin Electric in the fourth quarter valued at approximately $48,000. 79.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on FELE. 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 issued a $100.00 price objective on shares of Franklin Electric in a research report on Wednesday, April 29th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $106.00.

Franklin Electric Company Profile

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.