Share on StockTwits

Franklin Electric Co. (NASDAQ:FELE) Director R Scott Trumbull unloaded 20,000 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $38.27, for a total value of $765,400.00. Following the completion of the sale, the director now directly owns 358,851 shares in the company, valued at approximately $13,733,228. The sale was disclosed in a filing with the SEC, which is available at this link.

Franklin Electric Co. (NASDAQ:FELE) traded down 0.21% during mid-day trading on Thursday, hitting $38.00. 37,366 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 $37.92 and a 200-day moving average of $39.82. The company has a market cap of $1.807 billion and a P/E ratio of 22.67.

Franklin Electric Co. (NASDAQ:FELE) last released its earnings data on Monday, July 28th. The company reported $0.60 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.58 earnings per share. Franklin Electric Co.’s revenue was up 8.0% compared to the same quarter last year. Analysts expect that Franklin Electric Co. will post $1.86 EPS 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 0.94%. 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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.