Franklin Electric Co Inc (FELE) Files Form 4 Insider Selling : Donald P Kenney Sells 5,800 Shares

Franklin Electric Co Inc (FELE): Donald P Kenney , VP & President Energy Systems of Franklin Electric Co Inc sold 5,800 shares on Sep 12, 2016. The Insider selling transaction was reported by the company on Sep 13, 2016 to the Securities and Exchange Commission. The shares were sold at $38.00 per share for a total value of $220,400.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Aug 30, 2016, Thomas J Strupp (Vice President) sold 3,500 shares at $38.91 per share price.On Aug 30, 2016, Robert J Stone (Sr. Vice President) sold 7,200 shares at $38.63 per share price.Also, On Aug 8, 2016, Donald P Kenney (VP & President Energy Systems) sold 1,405 shares at $37.76 per share price.On Aug 4, 2016, Delancey W Davis (Vice President) sold 1,422 shares at $37.32 per share price.

Franklin Electric Co.: On Monday, Sep 12, 2016 heightened volatility was witnessed in Franklin Electric Co. which led to swings in the share price. The shares opened for trading at $37 and hit $38.3807 on the upside , eventually ending the session at $38.26, with a gain of 3.32% or 1.23 points. The heightened volatility saw the trading volume jump to 138,602 shares. The 52-week high of the share price is $39.82 and the company has a market cap of $1,768 M . The 52-week low of the share price is at $23.75.

Franklin Electric Co. Money Flow Index Chart

Company has been under the radar of several Street Analysts.Franklin Electric Co. is Upgraded by Boenning & Scattergood to Outperform and the brokerage firm has set the Price Target at $40. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Jul 11, 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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