What Did This CEO Just Do with Personal Shares of Franklin Electric Co (NASDAQ: FELE)?

By Carrie Williams

Yesterday, the Chairman & CEO of Franklin Electric Co (FELEResearch Report), Gregg Sengstack, sold shares of FELE for $435.3K.

Following Gregg Sengstack’s last FELE Sell transaction on July 30, 2019, the stock climbed by 7.5%. In addition to Gregg Sengstack, 3 other FELE executives 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 $355 million and quarterly net profit of $32.55 million. In comparison, last year the company earned revenue of $342 million and had a net profit of $29.81 million. The company has a one-year high of $55.63 and a one-year low of $39.92. FELE’s market cap is $2.53B and the company has a P/E ratio of 25.60.

The insider sentiment on Franklin Electric Co has been negative according to 70 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.