Franklin Electric Co Inc (FELE) Files Form 4 Insider Selling : Donald P Kenney Sells 1,400 Shares

Franklin Electric Co Inc (FELE): Donald P Kenney , VP & President Energy Systems of Franklin Electric Co Inc sold 1,400 shares on May 4, 2016. The Insider selling transaction was reported by the company on May 6, 2016 to the Securities and Exchange Commission. The shares were sold at $32.27 per share for a total value of $45,178.40 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 17, 2016, Delancey W Davis (Vice President) sold 1,236 shares at $31.05 per share price.On Mar 17, 2016, John J Haines (Vice President and CFO) sold 2,500 shares at $31.02 per share price.Also, On Mar 15, 2016, Thomas J Strupp (Vice President) sold 695 shares at $30.98 per share price.On Feb 17, 2016, Donald P Kenney (VP & President Energy Systems) sold 2,000 shares at $27.81 per share price.

Shares of Franklin Electric Co. (FELE) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -0.13 points or -0.40% at $32.4 with 2,05,778 shares getting traded. Post opening the session at $32.42, the shares hit an intraday low of $32.06 and an intraday high of $32.69 and the price vacillated in this range throughout the day. The company has a market cap of $1,494 M and the number of outstanding shares has been calculated to be 4,61,12,066 shares. The 52-week high of Franklin Electric Co. is $36.54 and the 52-week low is $22.71.

Franklin Electric Co. Money Flow Index Chart

Company has been under the radar of several Street Analysts.Franklin Electric Co. is Reiterated by Wedbush to Neutral while Lowering the Price Target of the company shares to $ 33 from a previous price target of $34 . The Rating was issued on Feb 24, 2016.

Franklin Electric Co Inc. together with its subsidiaries is engaged in designing manufacturing and distributing water and fuel pumping systems composed of submersible motors pumps electronic controls and related parts and equipment. The Company’s business consists of two segments: the Water Systems segment and the Fueling Systems segment. The Company’s Water Systems produces and markets water pumping systems and is also engaged in submersible motors pumps drives electronic controls and monitoring devices. The Company’s Fueling Systems is engaged in the production and marketing of fuel pumping systems fuel containment systems and monitoring and control systems. The Company’s Water Systems and Fueling Systems products and related equipment are sold to specialty distributors and some original equipment manufacturers as well as industrial and petroleum equipment distributors and oil and utility companies.

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