Insider Selling: R Scott Trumbull Unloads 20,000 Shares of Franklin Electric Co. Stock (FELE)
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.
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