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

Franklin Electric Co., Inc. (NASDAQ:FELE) insider Gregg C. Sengstack sold 1,500 shares of Franklin Electric stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $100.22, for a total transaction of $150,330.00. Following the sale, the insider now owns 9,032 shares in the company, valued at $905,187.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Franklin Electric Price Performance

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

Franklin Electric (NASDAQ:FELE) last released its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.10). The company had revenue of $531.40 million for the quarter, compared to analyst estimates of $551.08 million. Franklin Electric had a return on equity of 15.03% and a net margin of 9.22%. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.23 EPS. Sell-side analysts expect that Franklin Electric Co., Inc. will post 3.81 earnings per share for the current fiscal year.

Franklin Electric Announces Dividend

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

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird dropped their price target on shares of Franklin Electric from $107.00 to $105.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th.

Hedge Funds Weigh In On Franklin Electric

Hedge funds have recently bought and sold shares of the company. First Merchants Corp bought a new position in Franklin Electric during the 2nd quarter worth approximately $19,054,000. F M Investments LLC bought a new position in Franklin Electric during the second quarter worth $9,158,000. Assenagon Asset Management S.A. lifted its stake in Franklin Electric by 116.5% during the second quarter. Assenagon Asset Management S.A. now owns 165,601 shares of the industrial products company’s stock worth $15,951,000 after purchasing an additional 89,128 shares during the last quarter. KBC Group NV boosted its holdings in Franklin Electric by 19.6% in the third quarter. KBC Group NV now owns 387,058 shares of the industrial products company’s stock worth $40,571,000 after purchasing an additional 63,436 shares during the period. Finally, Edgestream Partners L.P. increased its stake in Franklin Electric by 328.4% during the second quarter. Edgestream Partners L.P. now owns 64,431 shares of the industrial products company’s stock valued at $6,206,000 after purchasing an additional 49,391 shares during the last quarter. 79.98% of the stock is currently owned by institutional investors and hedge funds.

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.