Delancey Davis Sells 1,900 Shares of Franklin Electric (NASDAQ:FELE) Stock

Franklin Electric Co., Inc. (NASDAQ:FELE) insider Delancey Davis sold 1,900 shares of the 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 sale, the insider owned 10,402 shares of the company’s stock, valued at $1,040,200. The trade was a 15.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Franklin Electric Trading Down 2.0%

Shares of FELE stock opened at $99.09 on Friday. Franklin Electric Co., Inc. has a 52-week low of $84.31 and a 52-week high of $111.53. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.14 and a current ratio of 2.67. The firm has a market capitalization of $4.38 billion, a PE ratio of 29.85, a PEG ratio of 1.84 and a beta of 1.07. The stock has a fifty day simple moving average of $97.60 and a two-hundred day simple moving average of $97.73.

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

Franklin Electric Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Wall Street Zen upgraded Franklin Electric from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. DA Davidson reaffirmed a “neutral” rating and issued a $100.00 target price on shares of Franklin Electric in a report on Wednesday, April 29th. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, Franklin Electric has an average rating of “Hold” and an average target price of $106.00.

Institutional Investors Weigh In On Franklin Electric

Several large investors have recently bought and sold shares of FELE. Quarry LP bought a new stake in shares of Franklin Electric in the 3rd quarter worth about $28,000. Aster Capital Management DIFC Ltd purchased a new position in Franklin Electric in the fourth quarter worth about $35,000. EverSource Wealth Advisors LLC grew its position in Franklin Electric by 31.2% in the second quarter. EverSource Wealth Advisors LLC now owns 425 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 101 shares in the last quarter. Farther Finance Advisors LLC grew its position in Franklin Electric by 213.1% in the fourth quarter. Farther Finance Advisors LLC now owns 454 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 309 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in Franklin Electric in the fourth quarter worth about $48,000. Institutional investors own 79.98% of the company’s stock.

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.