Delancey W. Davis Sells 961 Shares of Franklin Electric Co., Inc. (NASDAQ:FELE) Stock

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

Franklin Electric Stock Performance

Shares of NASDAQ FELE opened at $102.15 on Friday. The company has a current ratio of 2.22, a quick ratio of 1.06 and a debt-to-equity ratio of 0.01. Franklin Electric Co., Inc. has a 12 month low of $91.67 and a 12 month high of $111.94. The stock has a 50 day moving average of $99.48 and a 200-day moving average of $101.88. The company has a market capitalization of $4.67 billion, a P/E ratio of 26.53, a P/E/G ratio of 2.11 and a beta of 1.00.

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

Franklin Electric Increases Dividend

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

Institutional Trading of Franklin Electric

Institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its stake in Franklin Electric by 55.7% in the 3rd 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 bought a new stake in Franklin Electric in the 4th quarter valued at $29,000. Trust Co. of Vermont bought a new stake in Franklin Electric in the 4th quarter valued at $40,000. Public Employees Retirement System of Ohio bought a new stake in Franklin Electric in the 4th quarter valued at $52,000. Finally, Smartleaf Asset Management LLC boosted its stake in Franklin Electric by 189.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 642 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 420 shares during the period. 79.98% of the stock is currently owned by institutional investors.

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.