Franklin Electric (NASDAQ:FELE) Insider Sells $412,566.00 in Stock

Franklin Electric Co., Inc. (NASDAQ:FELE) insider Jonathan Grandon sold 4,200 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $98.23, for a total transaction of $412,566.00. Following the transaction, the insider directly owned 7,509 shares in the company, valued at $737,609.07. The trade was a 35.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Franklin Electric Stock Performance

Shares of FELE stock opened at $98.38 on Friday. 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 Co., Inc. has a one year low of $84.31 and a one year high of $111.53. The company’s 50-day simple moving average is $97.74 and its 200-day simple moving average is $97.74. The stock has a market capitalization of $4.35 billion, a price-to-earnings ratio of 29.63, a PEG ratio of 1.80 and a beta of 1.07.

Franklin Electric (NASDAQ:FELE) last issued its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.77 by $0.06. Franklin Electric had a net margin of 6.91% and a return on equity of 14.86%. The business had revenue of $500.44 million for the quarter, compared to analysts’ expectations of $479.21 million. During the same quarter last year, the company posted $0.67 earnings per share. The company’s quarterly 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. Equities analysts anticipate that Franklin Electric Co., Inc. will post 4.58 earnings per share for the current fiscal year.

Franklin Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Thursday, May 7th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.12 annualized dividend and a dividend yield of 1.1%. Franklin Electric’s dividend payout ratio (DPR) is presently 33.73%.

Hedge Funds Weigh In On Franklin Electric

A number of large investors have recently bought and sold shares of FELE. Quarry LP bought a new position in Franklin Electric in the third quarter worth about $28,000. Aster Capital Management DIFC Ltd bought a new position in Franklin Electric in the fourth quarter worth about $35,000. EverSource Wealth Advisors LLC lifted 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 worth $38,000 after acquiring an additional 101 shares during the last quarter. Farther Finance Advisors LLC lifted 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 worth $43,000 after acquiring an additional 309 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new position in Franklin Electric in the fourth quarter worth about $48,000. Institutional investors own 79.98% of the company’s stock.

Analysts Set New Price Targets

FELE has been the topic of several research analyst reports. DA Davidson reaffirmed a “neutral” rating and set a $100.00 price target on shares of Franklin Electric in a research report on Wednesday, April 29th. Wall Street Zen raised shares of Franklin Electric from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average 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.