The VP & President of Franklin Electric Co (FELE) is Selling Shares


Today, the VP & President of Franklin Electric Co (NASDAQ: FELE), Donald Kenney, sold shares of FELE for $73.5K.

Following Donald Kenney’s last FELE Sell transaction on May 10, 2018, the stock climbed by 4.1%. In addition to Donald Kenney, one other FELE executive reported Sell trades in the last month.

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Based on Franklin Electric Co’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $344 million and quarterly net profit of $30.3 million. In comparison, last year the company earned revenue of $305 million and had a net profit of $29.91 million. FELE’s market cap is $2.27B and the company has a P/E ratio of 27.42. Currently, Franklin Electric Co has an average volume of 134.4K.

Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $50.33, reflecting a -3.0% downside.

In the last 30 days, insiders have sold $73.5K worth of FELE shares and purchased $209K worth of FELE shares. The insider sentiment on Franklin Electric Co has been neutral according to 59 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.

Donald Kenney’s trades have generated a -12.0% 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.

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