Gregg C. Sengstack Sells 1,500 Shares of Franklin Electric Co., Inc. (NASDAQ:FELE) Stock

Franklin Electric Co., Inc. (NASDAQ:FELE) insider Gregg C. Sengstack sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $100.22, for a total value of $150,330.00. Following the transaction, the insider now directly owns 9,032 shares of the company’s stock, valued at $905,187.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Franklin Electric Price Performance

NASDAQ FELE opened at $110.03 on Thursday. The company has a 50-day moving average price of $101.69 and a two-hundred day moving average price of $100.16. Franklin Electric Co., Inc. has a 52 week low of $85.82 and a 52 week high of $110.97. The stock has a market cap of $5.03 billion, a price-to-earnings ratio of 27.86, a price-to-earnings-growth ratio of 2.16 and a beta of 0.96. The company has a current ratio of 2.40, a quick ratio of 1.06 and a debt-to-equity ratio of 0.01.

Franklin Electric (NASDAQ:FELE) last issued its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.10). The business had revenue of $531.40 million during the quarter, compared to the consensus estimate of $551.08 million. Franklin Electric had a return on equity of 15.03% and a net margin of 9.22%. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period last year, the company earned $1.23 earnings per share. Analysts forecast that Franklin Electric Co., Inc. will post 3.81 EPS for the current year.

Franklin Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Thursday, November 7th. Franklin Electric’s dividend payout ratio (DPR) is 25.32%.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird lowered their price objective on Franklin Electric from $107.00 to $105.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th.

Institutional Investors Weigh In On Franklin Electric

Institutional investors have recently bought and sold shares of the stock. CWM LLC increased its stake in Franklin Electric by 16.7% during the 3rd quarter. CWM LLC now owns 684 shares of the industrial products company’s stock valued at $72,000 after buying an additional 98 shares during the period. Covestor Ltd increased its stake in shares of Franklin Electric by 15.6% during the third quarter. Covestor Ltd now owns 765 shares of the industrial products company’s stock valued at $80,000 after acquiring an additional 103 shares during the period. Blue Trust Inc. increased its stake in shares of Franklin Electric by 55.7% during the third quarter. Blue Trust Inc. now owns 299 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 107 shares during the period. Marshall Wace LLP raised its holdings in Franklin Electric by 1.0% during the second quarter. Marshall Wace LLP now owns 11,009 shares of the industrial products company’s stock worth $1,060,000 after purchasing an additional 109 shares in the last quarter. Finally, Duality Advisers LP lifted its position in Franklin Electric by 1.6% in the first quarter. Duality Advisers LP now owns 8,857 shares of the industrial products company’s stock worth $946,000 after purchasing an additional 137 shares during the period. Institutional investors and hedge funds own 79.98% of the company’s stock.

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.