Free Trial

Insider Selling: Franklin Electric Co., Inc. (NASDAQ:FELE) Insider Sells 961 Shares of Stock

Franklin Electric logo with Industrial Products background
Remove Ads

Franklin Electric Co., Inc. (NASDAQ:FELE - Get Free Report) insider Delancey W. Davis sold 961 shares of the company's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $103.14, for a total transaction of $99,117.54. Following the completion of the transaction, the insider now owns 7,701 shares in the company, valued at approximately $794,281.14. The trade was a 11.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Franklin Electric Trading Down 2.2 %

Shares of Franklin Electric stock traded down $2.19 on Tuesday, hitting $98.68. 250,134 shares of the company traded hands, compared to its average volume of 205,254. The company has a current ratio of 2.22, a quick ratio of 1.06 and a debt-to-equity ratio of 0.01. The company has a market cap of $4.51 billion, a PE ratio of 25.63, a PEG ratio of 2.11 and a beta of 1.00. The stock's 50 day moving average price is $99.54 and its 200-day moving average price is $101.94. Franklin Electric Co., Inc. has a 52 week low of $91.67 and a 52 week high of $111.94.

Franklin Electric (NASDAQ:FELE - Get Free Report) last issued its earnings results on Tuesday, February 18th. The industrial products company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.03. The business had revenue of $485.75 million during the quarter, compared to analysts' expectations of $465.87 million. Franklin Electric had a return on equity of 14.46% and a net margin of 8.92%. Equities research analysts predict that Franklin Electric Co., Inc. will post 4.19 EPS for the current year.

Remove Ads

Franklin Electric Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were issued a $0.265 dividend. The ex-dividend date was Thursday, February 6th. This is an increase from Franklin Electric's previous quarterly dividend of $0.25. This represents a $1.06 dividend on an annualized basis and a yield of 1.07%. Franklin Electric's payout ratio is currently 27.53%.

Institutional Trading of Franklin Electric

A number of institutional investors have recently modified their holdings of the company. Brucke Financial Inc. purchased a new stake in Franklin Electric during the fourth quarter valued at approximately $306,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Franklin Electric in the 4th quarter worth $52,000. Vise Technologies Inc. grew its stake in Franklin Electric by 32.8% during the 4th quarter. Vise Technologies Inc. now owns 6,907 shares of the industrial products company's stock worth $673,000 after buying an additional 1,704 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Franklin Electric by 9.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 126,300 shares of the industrial products company's stock valued at $12,308,000 after buying an additional 11,426 shares in the last quarter. Finally, Voloridge Investment Management LLC raised its stake in Franklin Electric by 0.9% in the fourth quarter. Voloridge Investment Management LLC now owns 137,555 shares of the industrial products company's stock valued at $13,405,000 after buying an additional 1,194 shares during the last quarter. 79.98% of the stock is currently owned by institutional investors.

Franklin Electric Company Profile

(Get Free Report)

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

Recommended Stories

Should You Invest $1,000 in Franklin Electric Right Now?

Before you consider Franklin Electric, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Franklin Electric wasn't on the list.

While Franklin Electric currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Beginner's Guide To Retirement Stocks Cover

Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.

Get This Free Report
Like this article? Share it with a colleague.
Remove Ads

Featured Articles and Offers

Recent Videos

Will Tesla’s Robot Future Save Its Falling Stock?
NVIDIA’s Dip Is a Gift—Here’s Why It Won’t Last
Best ETFs for Spring 2025: Strong and Steady Investing

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines

Remove Ads