Paul Chhabra Sells 12,236 Shares of Franklin Electric Co., Inc. (NASDAQ:FELE) Stock

Franklin Electric Co., Inc. (NASDAQ:FELE – Get Rating) VP Paul Chhabra sold 12,236 shares of the stock in a transaction that occurred on Tuesday, June 21st. The shares were sold at an average price of $70.02, for a total transaction of $856,764.72. Following the completion of the transaction, the vice president now directly owns 10,911 shares of the company’s stock, valued at approximately $763,988.22. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Paul Chhabra also recently made the following trade(s):

• On Tuesday, June 7th, Paul Chhabra sold 10,250 shares of Franklin Electric stock. The shares were sold at an average price of $75.42, for a total transaction of $773,055.00.
• On Friday, June 3rd, Paul Chhabra sold 7,079 shares of Franklin Electric stock. The shares were sold at an average price of $75.25, for a total transaction of $532,694.75.

NASDAQ FELE traded down $0.16 on Thursday, hitting $69.93. The company’s stock had a trading volume of 213,947 shares, compared to its average volume of 195,207. The company has a quick ratio of 0.62, a current ratio of 1.70 and a debt-to-equity ratio of 0.09. Franklin Electric Co., Inc. has a 1-year low of $68.27 and a 1-year high of $96.95. The company’s 50-day moving average is $73.19 and its 200 day moving average is $81.97. The firm has a market cap of $3.24 billion, a PE ratio of 21.30 and a beta of 1.03.

Franklin Electric (NASDAQ:FELE – Get Rating) last announced its quarterly earnings results on Tuesday, April 26th. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.01. Franklin Electric had a net margin of 8.75% and a return on equity of 16.08%. The firm had revenue of $451.50 million during the quarter, compared to analysts’ expectations of $424.62 million. During the same period in the prior year, the company posted $0.59 EPS. The company’s revenue was up 35.5% on a year-over-year basis. On average, equities analysts expect that Franklin Electric Co., Inc. will post 3.64 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 19th. Stockholders of record on Thursday, May 5th were given a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 1.12%. The ex-dividend date was Wednesday, May 4th. Franklin Electric’s dividend payout ratio (DPR) is presently 23.71%.

FELE has been the subject of several research reports. Seaport Res Ptn raised shares of Franklin Electric from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 27th. Robert W. Baird decreased their price target on shares of Franklin Electric from $93.00 to $86.00 in a research report on Wednesday, April 27th. Boenning Scattergood upgraded shares of Franklin Electric from a “neutral” rating to an “outperform” rating and set a $95.00 price target for the company in a research report on Wednesday, March 9th. Finally, StockNews.com upgraded shares of Franklin Electric from a “hold” rating to a “buy” rating in a research report on Wednesday, June 15th.

Institutional investors and hedge funds have recently bought and sold shares of the company. Nisa Investment Advisors LLC increased its position in shares of Franklin Electric by 9.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 12,490 shares of the industrial products company’s stock worth $1,084,000 after buying an additional 1,050 shares during the period. O Shares Investment Advisers LLC grew its holdings in Franklin Electric by 2.3% in the fourth quarter. O Shares Investment Advisers LLC now owns 7,697 shares of the industrial products company’s stock worth $728,000 after purchasing an additional 174 shares during the period. BNP Paribas Arbitrage SA grew its holdings in Franklin Electric by 159.6% in the third quarter. BNP Paribas Arbitrage SA now owns 45,720 shares of the industrial products company’s stock worth $3,651,000 after purchasing an additional 28,111 shares during the period. Connable Office Inc. grew its holdings in Franklin Electric by 6.5% in the fourth quarter. Connable Office Inc. now owns 7,741 shares of the industrial products company’s stock worth $732,000 after purchasing an additional 471 shares during the period. Finally, UBS Asset Management Americas Inc. grew its holdings in Franklin Electric by 11.5% in the third quarter. UBS Asset Management Americas Inc. now owns 53,663 shares of the industrial products company’s stock worth $4,285,000 after purchasing an additional 5,521 shares during the period. Institutional investors own 77.59% 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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