Franklin Electric Co., Inc. (NASDAQ:FELE) Insider Sells $99,117.54 in Stock

Franklin Electric Co., Inc. (NASDAQ:FELE) insider Delancey W. Davis sold 961 shares of Franklin Electric stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $103.14, for a total value of $99,117.54. Following the transaction, the insider now owns 7,701 shares of the company’s stock, valued at $794,281.14. The trade was a 11.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Franklin Electric Trading Up 0.9 %

Franklin Electric stock opened at $102.15 on Monday. Franklin Electric Co., Inc. has a 52 week low of $91.67 and a 52 week high of $111.94. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.06 and a current ratio of 2.22. The stock has a market capitalization of $4.67 billion, a P/E ratio of 26.53, a PEG ratio of 2.11 and a beta of 1.00. The stock has a 50-day simple moving average of $99.48 and a 200 day simple moving average of $101.91.

Franklin Electric (NASDAQ:FELE) last posted its quarterly earnings results on Tuesday, February 18th. The industrial products company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.03. Franklin Electric had a return on equity of 14.46% and a net margin of 8.92%. The business had revenue of $485.75 million during the quarter, compared to analysts’ expectations of $465.87 million. Analysts expect that Franklin Electric Co., Inc. will post 4.19 earnings per share for the current year.

Franklin Electric Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were issued a dividend of $0.265 per share. The ex-dividend date was Thursday, February 6th. This represents a $1.06 dividend on an annualized basis and a yield of 1.04%. This is a boost from Franklin Electric’s previous quarterly dividend of $0.25. Franklin Electric’s dividend payout ratio (DPR) is presently 27.53%.

Hedge Funds Weigh In On Franklin Electric

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. grew its position in shares of Franklin Electric by 55.7% in the third quarter. Blue Trust Inc. now owns 299 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 107 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Franklin Electric in the third quarter valued at approximately $246,000. Van ECK Associates Corp grew its position in shares of Franklin Electric by 40.0% in the third quarter. Van ECK Associates Corp now owns 24,818 shares of the industrial products company’s stock valued at $2,532,000 after purchasing an additional 7,092 shares during the last quarter. QRG Capital Management Inc. grew its position in shares of Franklin Electric by 16.0% in the third quarter. QRG Capital Management Inc. now owns 5,698 shares of the industrial products company’s stock valued at $597,000 after purchasing an additional 786 shares during the last quarter. Finally, Marks Group Wealth Management Inc grew its position in shares of Franklin Electric by 4.5% in the third quarter. Marks Group Wealth Management Inc now owns 81,497 shares of the industrial products company’s stock valued at $8,543,000 after purchasing an additional 3,507 shares during the last quarter. Institutional investors own 79.98% of the company’s stock.

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.