Franklin Electric Co., Inc. (NASDAQ:FELE) Insider Sells $99,117.54 in Stock

Franklin Electric Co., Inc. (NASDAQ:FELE) insider Delancey W. Davis sold 961 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $103.14, for a total transaction of $99,117.54. Following the sale, the insider now owns 7,701 shares of the company’s stock, valued at $794,281.14. This trade represents a 11.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Franklin Electric Price Performance

Shares of FELE opened at $102.15 on Friday. Franklin Electric Co., Inc. has a fifty-two week low of $91.67 and a fifty-two week high of $111.94. The company has a market capitalization of $4.67 billion, a price-to-earnings ratio of 26.53, a price-to-earnings-growth ratio of 2.11 and a beta of 1.00. The firm has a 50-day simple moving average of $99.48 and a 200-day simple moving average of $101.88. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.06 and a current ratio of 2.22.

Franklin Electric (NASDAQ:FELE) last announced its earnings results on Tuesday, February 18th. The industrial products company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.03. Franklin Electric had a net margin of 8.92% and a return on equity of 14.46%. The business had revenue of $485.75 million during the quarter, compared to the consensus estimate of $465.87 million. On average, equities research analysts anticipate that Franklin Electric Co., Inc. will post 4.19 earnings per share for the current year.

Franklin Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were given a $0.265 dividend. The ex-dividend date was Thursday, February 6th. This represents a $1.06 dividend on an annualized basis and a yield of 1.04%. This is an increase from Franklin Electric’s previous quarterly dividend of $0.25. Franklin Electric’s dividend payout ratio (DPR) is presently 27.53%.

Institutional Investors Weigh In On Franklin Electric

Hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its position in Franklin Electric by 55.7% in the third quarter. Blue Trust Inc. now owns 299 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 107 shares during the period. Spire Wealth Management purchased a new position in Franklin Electric in the fourth quarter valued at about $29,000. Trust Co. of Vermont purchased a new position in Franklin Electric in the fourth quarter valued at about $40,000. Public Employees Retirement System of Ohio purchased a new position in Franklin Electric in the fourth quarter valued at about $52,000. Finally, Smartleaf Asset Management LLC increased its holdings in Franklin Electric by 189.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 642 shares of the industrial products company’s stock valued at $62,000 after buying an additional 420 shares in the last quarter. Institutional investors and hedge funds own 79.98% of the company’s stock.

About Franklin Electric

Franklin Electric Co, Inc, together with its subsidiaries, designs, manufactures, and distributes water and fuel pumping systems worldwide. The company operates through Water Systems, Fueling Systems, and Distribution segments. The Water Systems segment offers submersible motors, drives, pumps, electronic controls, water treatment systems, monitoring devices, and related parts and equipment.