Today, the President of Franklin Electric Co (FELE), Delancey Davis, bought shares of FELE for $430.4K.
Following this transaction Delancey Davis’ holding in the company was increased by 126.63% to a total of $1.03 million. Following Delancey Davis’ last FELE Buy transaction on May 29, 2018, the stock climbed by 8.4%.
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Based on Franklin Electric Co’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $317 million and quarterly net profit of $24.2 million. In comparison, last year the company earned revenue of $288 million and had a net profit of $7.97 million. FELE’s market cap is $2.53B and the company has a P/E ratio of 24.24. Currently, Franklin Electric Co has an average volume of 97.44K.
In the last 30 days, insiders have sold $413.8K worth of FELE shares and purchased $430.4K worth of FELE shares. The insider sentiment on Franklin Electric Co has been negative according to 55 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Delancey Davis’ trades have generated a -2.3% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Franklin Electric Co., Inc. engages in the development, manufacture, and distribution of water and fuel pumping systems. It operates through the following business segments: Water Systems, Fueling Systems and Distribution.
