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Delancey W. Davis, President of Headwater Companies, a subsidiary of Franklin Electric Co. Inc. (NASDAQ:FELE), recently sold 961 shares of the company’s common stock. The shares were sold at an average price of $103.145 each, totaling approximately $99,122. Franklin Electric, with a market capitalization of $4.64 billion, has demonstrated strong financial health according to InvestingPro analysis, maintaining a 32-year track record of consecutive dividend increases.
In addition to the sale, Davis exercised options to acquire 3,761 shares at a price of $83.90 per share, resulting in a transaction valued at $315,547. Following these transactions, Davis holds 7,701 shares directly. The transactions were reported in a recent SEC Form 4 filing. For deeper insights into insider trading patterns and comprehensive analysis, InvestingPro subscribers can access detailed research reports covering over 1,400 US stocks, including Franklin Electric’s strong cash flow position and dividend sustainability metrics.
In other recent news, Franklin Electric Co., Inc. reported stronger-than-expected earnings for the fourth quarter of 2024. The company achieved earnings per share (EPS) of $0.72, surpassing the forecasted $0.67, while revenue reached $485.7 million, exceeding expectations of $469.88 million. This performance was driven by strategic acquisitions in Australia and Latin America, contributing to a 3% year-over-year increase in consolidated sales. Despite challenges in the Water segment, the Distribution and Energy Systems segments showed healthy volumes. Looking ahead, Franklin Electric set its 2025 EPS guidance slightly below DA Davidson’s expectations, with an EPS range of $4.05 to $4.25 and projected sales between $2.090 billion and $2.150 billion.
In other developments, Franklin Electric’s CFO, Jeffery Taylor, announced his departure effective March 28, 2025, as part of a mutual decision. The company has yet to name a successor, and Taylor will assist with the transition until his departure. Meanwhile, DA Davidson maintained a Neutral rating on Franklin Electric stock, noting that the company’s fourth-quarter sales outperformed their model by approximately $14 million. Franklin Electric’s operating profit, excluding restructuring costs, was also $2 million higher than DA Davidson’s model. The company’s robust balance sheet and strategic initiatives, including launching 30 new products, position it well for future growth despite macroeconomic challenges.
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