Today, the President of Franklin Electric Co (NASDAQ: FELE), Delancey Davis, sold shares of FELE for $48.91K.
Following Delancey Davis’ last FELE Sell transaction on March 16, 2018, the stock climbed by 1.1%.
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Based on Franklin Electric Co’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $296 million and quarterly net profit of $21.17 million. In comparison, last year the company earned revenue of $220 million and had a net profit of $15.53 million. FELE’s market cap is $2.04B and the company has a P/E ratio of 24.61. Currently, Franklin Electric Co has an average volume of 66.83K.
Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $47.67, reflecting a -8.3% downside.
The insider sentiment on Franklin Electric Co has been negative according to 49 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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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.
