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

Franklin Electric Co., Inc. (NASDAQ:FELE) insider Delancey W. Davis sold 961 shares of Franklin Electric stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $103.14, for a total value of $99,117.54. Following the completion of the transaction, the insider now directly owns 7,701 shares of the company’s stock, valued at $794,281.14. This represents a 11.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Franklin Electric Price Performance

Shares of NASDAQ FELE opened at $102.15 on Friday. The stock has a market capitalization of $4.67 billion, a PE ratio of 26.53, a P/E/G ratio of 2.11 and a beta of 1.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.22 and a quick ratio of 1.06. The business has a fifty day moving average price of $99.48 and a two-hundred day moving average price of $101.88. Franklin Electric Co., Inc. has a fifty-two week low of $91.67 and a fifty-two week high of $111.94.

Franklin Electric (NASDAQ:FELE) last announced its quarterly earnings data on Tuesday, February 18th. The industrial products company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.03. The firm 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%. As a group, equities analysts predict that Franklin Electric Co., Inc. will post 4.19 earnings per share for the current fiscal year.

Franklin Electric Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were issued a dividend of $0.265 per share. The ex-dividend date was Thursday, February 6th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 1.04%. This is a boost from Franklin Electric’s previous quarterly dividend of $0.25. Franklin Electric’s payout ratio is 27.53%.

Hedge Funds Weigh In On Franklin Electric

A number of institutional investors have recently modified their holdings of FELE. Blue Trust Inc. raised its holdings in shares of Franklin Electric by 55.7% during the 3rd quarter. Blue Trust Inc. now owns 299 shares of the industrial products company’s stock worth $29,000 after buying an additional 107 shares in the last quarter. Spire Wealth Management acquired a new position in shares of Franklin Electric during the 4th quarter worth $29,000. Trust Co. of Vermont acquired a new position in shares of Franklin Electric during the 4th quarter worth $40,000. Public Employees Retirement System of Ohio acquired a new position in shares of Franklin Electric during the 4th quarter worth $52,000. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Franklin Electric by 189.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 642 shares of the industrial products company’s stock worth $62,000 after buying an additional 420 shares in the last quarter. Institutional investors and hedge funds own 79.98% of the company’s stock.

About Franklin Electric

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.