Franklin Electric (NASDAQ:FELE) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Franklin Electric Co., Inc. (NASDAQ:FELE) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $97.84 and traded as high as $99.91. Franklin Electric shares last traded at $98.59, with a volume of 229,288 shares changing hands.

Analyst Ratings Changes

FELE has been the subject of a number of recent research reports. DA Davidson reissued a “neutral” rating and issued a $100.00 target price on shares of Franklin Electric in a research report on Wednesday, April 29th. Wall Street Zen raised Franklin Electric from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, Franklin Electric currently has a consensus rating of “Hold” and an average price target of $106.00.

Franklin Electric Stock Performance

The company has a market capitalization of $4.36 billion, a PE ratio of 29.70, a PEG ratio of 1.82 and a beta of 1.05. The company has a quick ratio of 1.14, a current ratio of 2.67 and a debt-to-equity ratio of 0.10. The company has a 50-day moving average price of $98.20 and a two-hundred day moving average price of $97.84.

Franklin Electric (NASDAQ:FELE) last announced its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.06. The company had revenue of $500.44 million during the quarter, compared to analysts’ expectations of $479.21 million. Franklin Electric had a return on equity of 14.86% and a net margin of 6.91%.The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.67 earnings per share. Franklin Electric has set its FY 2026 guidance at 4.400-4.600 EPS. Analysts predict that Franklin Electric Co., Inc. will post 4.58 EPS for the current fiscal year.

Franklin Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Thursday, May 7th were given a $0.28 dividend. The ex-dividend date was Thursday, May 7th. This represents a $1.12 annualized dividend and a dividend yield of 1.1%. Franklin Electric’s payout ratio is 33.73%.

Insider Buying and Selling at Franklin Electric

In other news, insider Delancey W. Davis sold 1,900 shares of Franklin Electric stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $100.00, for a total value of $190,000.00. Following the completion of the transaction, the insider directly owned 10,402 shares in the company, valued at approximately $1,040,200. The trade was a 15.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jonathan M. Grandon sold 4,988 shares of Franklin Electric stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $100.02, for a total value of $498,899.76. Following the completion of the transaction, the insider owned 7,509 shares of the company’s stock, valued at approximately $751,050.18. This trade represents a 39.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 11,288 shares of company stock valued at $1,121,222. 2.89% of the stock is owned by company insiders.

Hedge Funds Weigh In On Franklin Electric

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quarry LP purchased a new position in Franklin Electric during the third quarter worth about $28,000. Aster Capital Management DIFC Ltd purchased a new position in Franklin Electric during the fourth quarter worth about $35,000. EverSource Wealth Advisors LLC grew its position in Franklin Electric by 31.2% during the second quarter. EverSource Wealth Advisors LLC now owns 425 shares of the industrial products company’s stock worth $38,000 after buying an additional 101 shares in the last quarter. Farther Finance Advisors LLC grew its position in Franklin Electric by 213.1% during the fourth quarter. Farther Finance Advisors LLC now owns 454 shares of the industrial products company’s stock worth $43,000 after buying an additional 309 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in Franklin Electric during the fourth quarter worth about $48,000. 79.98% of the stock is currently owned by hedge funds and other institutional investors.

Franklin Electric Company Profile

Franklin Electric Co, Inc is a world‐leading manufacturer and distributor of systems and components for moving and managing water and fuel. Headquartered in Fort Wayne, Indiana, the company specializes in designing engineered pumping systems and related controls for residential, commercial and industrial applications.

Founded in 1944, Franklin Electric has built its reputation on submersible and surface pumping solutions for water wells, municipal water and wastewater treatment, irrigation and industrial fluid handling.