Franklin Electric Co., Inc. (NASDAQ:FELE) insider Robert J. Stone sold 39,260 shares of the company’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $45.00, for a total transaction of $1,766,700.00. Following the transaction, the insider now owns 39,392 shares of the company’s stock, valued at $1,772,640. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Franklin Electric Co., Inc. (NASDAQ:FELE) traded down 1.702% during midday trading on Thursday, hitting $39.614. 11,675 shares of the stock were exchanged. The stock has a market cap of $1.84 billion, a P/E ratio of 23.330 and a beta of 1.62. The firm has a 50-day moving average price of $41.16 and a 200-day moving average price of $40.69. Franklin Electric Co., Inc. has a one year low of $34.75 and a one year high of $45.15.

Franklin Electric Co. (NASDAQ:FELE) last issued its earnings results on Tuesday, July 25th. The industrial products company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.04. Franklin Electric Co. had a return on equity of 13.10% and a net margin of 8.62%. The company had revenue of $305.35 million for the quarter, compared to analyst estimates of $310.13 million. During the same period in the prior year, the firm posted $0.51 EPS. The business’s revenue was up 21.1% compared to the same quarter last year. On average, equities research analysts anticipate that Franklin Electric Co., Inc. will post $1.82 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 17th. Shareholders of record on Thursday, August 3rd will be given a $0.108 dividend. This represents a $0.43 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Tuesday, August 1st. Franklin Electric Co.’s payout ratio is currently 23.37%.

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FELE has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of Franklin Electric Co. from a “buy” rating to a “hold” rating in a research report on Friday, April 28th. BidaskClub cut shares of Franklin Electric Co. from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Boenning Scattergood restated an “outperform” rating and set a $52.00 price objective (up from $44.00) on shares of Franklin Electric Co. in a research report on Wednesday.

Several hedge funds and other institutional investors have recently modified their holdings of FELE. State of Alaska Department of Revenue raised its position in shares of Franklin Electric Co. by 2.4% in the first quarter. State of Alaska Department of Revenue now owns 4,250 shares of the industrial products company’s stock worth $182,000 after buying an additional 100 shares in the last quarter. Fifth Third Bancorp raised its position in shares of Franklin Electric Co. by 8.0% in the first quarter. Fifth Third Bancorp now owns 2,638 shares of the industrial products company’s stock worth $114,000 after buying an additional 196 shares in the last quarter. Arizona State Retirement System raised its position in shares of Franklin Electric Co. by 1.0% in the first quarter. Arizona State Retirement System now owns 20,021 shares of the industrial products company’s stock worth $862,000 after buying an additional 200 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of Franklin Electric Co. by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 15,700 shares of the industrial products company’s stock worth $676,000 after buying an additional 300 shares in the last quarter. Finally, Dubuque Bank & Trust Co. raised its position in shares of Franklin Electric Co. by 6.7% in the second quarter. Dubuque Bank & Trust Co. now owns 5,361 shares of the industrial products company’s stock worth $222,000 after buying an additional 338 shares in the last quarter. 78.74% of the stock is currently owned by institutional investors and hedge funds.

Franklin Electric Co. Company Profile

Franklin Electric Co, Inc designs, manufactures and distributes water and fuel pumping systems, consisting of submersible motors, pumps, electronic controls and related parts and equipment. Its segments include Water Systems segment, the Fueling Systems segment and Other. Its Water Systems segment is engaged in the production and marketing of water pumping systems and offers motors, pumps, drives, electronic controls and monitoring devices.

Insider Buying and Selling by Quarter for Franklin Electric Co. (NASDAQ:FELE)

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