Franklin Electric (NASDAQ:FELE) Insider Jonathan Grandon Sells 8,547 Shares

Franklin Electric Co., Inc. (NASDAQ:FELE) insider Jonathan Grandon sold 8,547 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $103.40, for a total transaction of $883,759.80. Following the transaction, the insider directly owned 7,509 shares in the company, valued at $776,430.60. The trade was a 53.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Franklin Electric Stock Down 1.2%

FELE traded down $1.20 on Wednesday, reaching $101.44. 77,522 shares of the company traded hands, compared to its average volume of 326,982. The stock’s 50 day moving average price is $98.80 and its 200-day moving average price is $98.08. Franklin Electric Co., Inc. has a 52-week low of $84.31 and a 52-week high of $111.53. The company has a market cap of $4.48 billion, a price-to-earnings ratio of 30.53, a PEG ratio of 1.82 and a beta of 1.05. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.67 and a quick ratio of 1.14.

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

Franklin Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Investors 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 yield of 1.1%. Franklin Electric’s payout ratio is presently 33.73%.

Institutional Trading of Franklin Electric

Several large investors have recently added to or reduced their stakes in FELE. Quarry LP bought a new stake in Franklin Electric in the third quarter worth approximately $28,000. Aster Capital Management DIFC Ltd bought a new stake in Franklin Electric in the fourth quarter worth approximately $35,000. EverSource Wealth Advisors LLC grew its position 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 in the last quarter. Farther Finance Advisors LLC grew its position 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 in the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Franklin Electric in the fourth quarter worth $48,000. 79.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on FELE. DA Davidson reissued a “neutral” rating and issued a $100.00 price target on shares of Franklin Electric in a research note 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 research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $106.00.

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.