Shares of Franklin Electric Co. (NASDAQ:FELE) hit a new 52-week high during mid-day trading on Friday, Analyst Ratings News reports. The stock traded as high as $44.86 and last traded at $44.50, with a volume of 96,900 shares trading hands. The stock had previously closed at $44.28.
In other Franklin Electric Co. news, CEO R Scott Trumbull sold 30,000 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $43.22, for a total value of $1,296,600.00. Following the sale, the chief executive officer now directly owns 451,725 shares in the company, valued at approximately $19,523,555. The sale was disclosed in a document filed with the SEC, which is available at this link.
Franklin Electric Co. has a 52-week low of $29.325 and a 52-week high of $44.59. The stock’s 50-day moving average is $39.53 and its 200-day moving average is $37.26. The company has a market cap of $2.120 billion and a price-to-earnings ratio of 26.34.
Franklin Electric Co. (NASDAQ:FELE) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.50. The company had revenue of $249.80 million for the quarter, compared to the consensus estimate of $255.26 million. During the same quarter in the previous year, the company posted $0.92 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, analysts predict that Franklin Electric Co. will post $1.72 earnings per share for the current fiscal year.
Franklin Electric Co, Inc (NASDAQ:FELE) together with its subsidiaries, is engaged in designing, manufacturing and distributing water and fuel pumping systems, consists of submersible motors, pumps, electronic controls and related parts and equipment.
This article (Franklin Electric Co. Inc. Reaches New 12-Month High at $44.86 (FELE)) was originally developed by and is property of American Banking News.
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