Franklin Electric Co., Inc. (NASDAQ:FELE) Insider Delancey W. Davis Sells 1,000 Shares

Franklin Electric Co., Inc. (NASDAQ:FELEGet Rating) insider Delancey W. Davis sold 1,000 shares of the stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $84.91, for a total transaction of $84,910.00. Following the completion of the transaction, the insider now owns 9,777 shares in the company, valued at approximately $830,165.07. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Franklin Electric Trading Up 0.5 %

Shares of NASDAQ:FELE opened at $85.05 on Tuesday. Franklin Electric Co., Inc. has a 1 year low of $68.27 and a 1 year high of $96.95. The firm has a market capitalization of $3.94 billion, a price-to-earnings ratio of 21.37 and a beta of 1.00. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.92 and a quick ratio of 0.71. The business’s 50 day moving average price is $83.60 and its 200-day moving average price is $81.03.

Franklin Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 17th. Stockholders of record on Thursday, November 3rd were given a dividend of $0.195 per share. The ex-dividend date of this dividend was Wednesday, November 2nd. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.92%. Franklin Electric’s dividend payout ratio (DPR) is 19.60%.

Wall Street Analyst Weigh In

FELE has been the topic of several research reports. Robert W. Baird increased their price target on shares of Franklin Electric from $75.00 to $86.00 and gave the stock a “neutral” rating in a report on Wednesday, July 27th. Northcoast Research lowered Franklin Electric from a “buy” rating to a “neutral” rating in a research report on Monday, August 15th. StockNews.com upgraded Franklin Electric from a “hold” rating to a “buy” rating in a research report on Wednesday, October 19th. Finally, DA Davidson upped their price objective on Franklin Electric to $80.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 27th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Franklin Electric presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.75.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FELE. Truist Financial Corp lifted its position in shares of Franklin Electric by 11.9% during the 1st quarter. Truist Financial Corp now owns 5,148 shares of the industrial products company’s stock valued at $428,000 after buying an additional 549 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Franklin Electric by 6.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 89,742 shares of the industrial products company’s stock valued at $7,452,000 after buying an additional 5,737 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Franklin Electric by 76.3% during the 1st quarter. Victory Capital Management Inc. now owns 8,577 shares of the industrial products company’s stock valued at $600,000 after buying an additional 3,713 shares in the last quarter. Ziegler Capital Management LLC lifted its position in shares of Franklin Electric by 26.7% during the 1st quarter. Ziegler Capital Management LLC now owns 97,222 shares of the industrial products company’s stock valued at $8,073,000 after buying an additional 20,460 shares in the last quarter. Finally, Advisor Group Holdings Inc. lifted its holdings in Franklin Electric by 7.0% in the 1st quarter. Advisor Group Holdings Inc. now owns 11,925 shares of the industrial products company’s stock valued at $990,000 after purchasing an additional 784 shares in the last quarter. Hedge funds and other institutional investors own 78.65% of the company’s stock.

Franklin Electric Company Profile

(Get Rating)

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

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

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