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

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.

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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

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.