Franklin Electric (NASDAQ:FELE) Insider Jonathan Grandon Sells 4,200 Shares of 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 shares were sold at an average price of $98.23, for a total transaction of $412,566.00. Following the completion of the transaction, the insider owned 7,509 shares of the company’s stock, valued at $737,609.07. This represents a 35.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Franklin Electric Price Performance

NASDAQ:FELE opened at $101.16 on Thursday. The business’s 50-day moving average price is $97.46 and its 200 day moving average price is $97.70. The firm has a market cap of $4.47 billion, a P/E ratio of 30.47, a PEG ratio of 1.83 and a beta of 1.07. Franklin Electric Co., Inc. has a 52-week low of $84.31 and a 52-week high of $111.53. The company has a quick ratio of 1.14, a current ratio of 2.67 and a debt-to-equity ratio of 0.10.

Franklin Electric (NASDAQ:FELE) last released its earnings results on Tuesday, April 28th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.06. The firm had revenue of $500.44 million for the quarter, compared to analyst estimates of $479.21 million. Franklin Electric had a return on equity of 14.86% and a net margin of 6.91%.Franklin Electric’s revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.67 earnings per share. Franklin Electric has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, sell-side analysts predict that Franklin Electric Co., Inc. will post 4.58 earnings per share for the current fiscal year.

Franklin Electric Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 1.1%. Franklin Electric’s payout ratio is 33.73%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FELE. Wall Street Zen raised Franklin Electric from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. DA Davidson reaffirmed a “neutral” rating and set a $100.00 target price on shares of Franklin Electric in a research report on Wednesday, April 29th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Franklin Electric presently has a consensus rating of “Hold” and a consensus price target of $106.00.

Institutional Trading of Franklin Electric

A number of hedge funds have recently modified their holdings of FELE. Royal Bank of Canada lifted its holdings in shares of Franklin Electric by 81.6% in the first quarter. Royal Bank of Canada now owns 3,997 shares of the industrial products company’s stock valued at $375,000 after purchasing an additional 1,796 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Franklin Electric by 105.5% in the first quarter. AQR Capital Management LLC now owns 25,463 shares of the industrial products company’s stock valued at $2,390,000 after purchasing an additional 13,075 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of Franklin Electric by 30.6% during the 1st quarter. NewEdge Advisors LLC now owns 5,760 shares of the industrial products company’s stock valued at $541,000 after buying an additional 1,349 shares during the period. United Services Automobile Association acquired a new stake in shares of Franklin Electric during the 1st quarter valued at $243,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Franklin Electric by 8.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 137,162 shares of the industrial products company’s stock valued at $12,877,000 after buying an additional 10,862 shares during the period. Hedge funds and other institutional investors own 79.98% of the company’s stock.

About Franklin Electric

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.