Franklin Electric Co. Director Sells $288,192 in Stock (FELE)
Franklin Electric Co. (NASDAQ:FELE) Director R Scott Trumbull sold 7,900 shares of Franklin Electric Co. stock on the open market in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $36.48, for a total value of $288,192.00. Following the transaction, the director now directly owns 390,951 shares of the company’s stock, valued at approximately $14,261,892. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Separately, analysts at Sidoti initiated coverage on shares of Franklin Electric Co. in a research note on Wednesday, May 14th. They set a “neutral” rating on the stock.
Franklin Electric Co. (NASDAQ:FELE) traded up 1.55% during mid-day trading on Friday, hitting $36.73. 101,157 shares of the company’s stock traded hands. Franklin Electric Co. has a 52 week low of $35.25 and a 52 week high of $46.11. The stock has a 50-day moving average of $38.65 and a 200-day moving average of $40.06. The company has a market cap of $1.776 billion and a P/E ratio of 21.52.
Franklin Electric Co. (NASDAQ:FELE) last announced its earnings results on Monday, July 28th. The company reported $0.60 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.60. The company had revenue of $284.50 million for the quarter, compared to the consensus estimate of $275.60 million. During the same quarter in the prior year, the company posted $0.58 earnings per share. The company’s quarterly revenue was up 8.0% on a year-over-year basis. On average, analysts predict that Franklin Electric Co. will post $1.86 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 21st. Investors of record on Thursday, August 7th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Tuesday, August 5th.
Franklin Electric Co, Inc (NASDAQ:FELE) together with its subsidiaries, is engaged in designing, manufacturing and distributing water and fuel pumping systems, consists of submersible motors, pumps, electronic controls and related parts and equipment.
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