Insider Selling: R Scott Trumbull Unloads 12,100 Shares of Franklin Electric Co. Stock (FELE)
Franklin Electric Co. (NASDAQ:FELE) Director R Scott Trumbull sold 12,100 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $36.40, for a total transaction of $440,440.00. Following the transaction, the director now directly owns 378,851 shares of the company’s stock, valued at approximately $13,790,176. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Franklin Electric Co. (NASDAQ:FELE) traded up 1.60% on Monday, hitting $37.43. 26,386 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’s 50-day moving average is $38.57 and its 200-day moving average is $40.04. The company has a market cap of $1.780 billion and a P/E ratio of 21.93.
Franklin Electric Co. (NASDAQ:FELE) last issued its quarterly earnings data 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 declared a quarterly dividend, which is scheduled for Thursday, August 21st. Stockholders of record on Thursday, August 7th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Tuesday, August 5th.
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, 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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