Franklin Electric (NASDAQ:FELE) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Franklin Electric Co., Inc. (NASDAQ:FELE) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $98.69 and traded as high as $104.91. Franklin Electric shares last traded at $103.63, with a volume of 251,659 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on FELE shares. DA Davidson reiterated a “neutral” rating and set a $100.00 price target on shares of Franklin Electric in a report on Tuesday, June 16th. Wall Street Zen upgraded Franklin Electric from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Franklin Electric in a research note on Tuesday, June 9th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $106.00.

Franklin Electric Trading Up 3.8%

The company has a 50 day moving average of $100.41 and a 200 day moving average of $98.77. The firm has a market cap of $4.81 billion, a P/E ratio of 32.80, a PEG ratio of 1.88 and a beta of 1.05. 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 posted its earnings results on Tuesday, April 28th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.06. Franklin Electric had a net margin of 6.91% and a return on equity of 14.86%. The firm had revenue of $500.44 million during the quarter, compared to analysts’ expectations of $479.21 million. During the same period in the previous year, the company earned $0.67 earnings per share. The company’s revenue was up 9.9% compared to the same quarter last year. Franklin Electric has set its FY 2026 guidance at 4.400-4.600 EPS. Analysts predict that Franklin Electric Co., Inc. will post 4.58 EPS for the current fiscal year.

Franklin Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Thursday, May 7th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Thursday, May 7th. Franklin Electric’s dividend payout ratio is 33.73%.

Insider Activity at Franklin Electric

In other news, insider Delancey W. Davis sold 1,900 shares of Franklin Electric stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $100.00, for a total value of $190,000.00. Following the transaction, the insider directly owned 10,402 shares in the company, valued at approximately $1,040,200. The trade was a 15.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jonathan M. Grandon sold 8,547 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $103.40, for a total value of $883,759.80. Following the transaction, the insider owned 7,509 shares of the company’s stock, valued at approximately $776,430.60. This trade represents a 53.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 19,835 shares of company stock worth $2,004,982. Corporate insiders own 2.89% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Quarry LP bought a new stake in shares of Franklin Electric in the 3rd quarter worth approximately $28,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Franklin Electric in the 4th quarter worth about $35,000. EverSource Wealth Advisors LLC grew its stake in 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 buying an additional 101 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in Franklin Electric by 213.1% during the 4th 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 in the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Franklin Electric in the fourth quarter valued at $48,000. Institutional investors and hedge funds own 79.98% of the company’s stock.

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.