Franklin Electric Co Inc: Gregg C Sengstack Sells 10,000 Shares at $98.19

Franklin Electric Co., Inc. (FELE) has announced that Gregg C. Sengstack, a member of the company's board of directors, has disposed of 10,000 shares at a price of $98.19 per share on August 13, 2025.

Franklin Electric Co., Inc. (FELE) has announced that Gregg C. Sengstack, a member of the company's board of directors, has disposed of 10,000 shares at a price of $98.19 per share on August 13, 2025 [1]. This transaction, disclosed through an SEC Form 4 filing, saw Sengstack selling a total of $981,943 worth of stock. Following this sale, Sengstack directly owns 130,425 shares and indirectly owns 340,932 shares through various trusts and the Sengstack Family Foundation.

The sale comes amidst a period of increased institutional investment in Franklin Electric. The Public Sector Pension Investment Board, for instance, increased its stake by 27.3% during the first quarter of 2025, acquiring an additional 26,685 shares to own a total of 124,609 shares valued at approximately $11.7 million [2]. This growth in institutional ownership, which now constitutes 79.98% of the stock, reflects a trend of increasing investor confidence in the company.

Franklin Electric has also seen a series of analyst upgrades and downgrades. Wall Street Zen upgraded FELE from a "hold" rating to a "buy" rating on August 2, 2025, while Robert W. Baird raised the target price on shares of Franklin Electric from $94.00 to $107.00, giving the company a "neutral" rating on July 30, 2025 [2]. These analyst moves suggest that the company's financial performance and prospects are being positively evaluated by the investment community.

The company's recent earnings report for the quarter ending July 29, 2025, showed strong performance. Franklin Electric reported earnings per share (EPS) of $1.31, exceeding analysts' consensus estimates of $1.28 by $0.03. The company also declared a quarterly dividend of $0.265, payable on August 21, 2025, representing a $1.06 annualized dividend and a yield of 1.1% [2]. Additionally, the company initiated a share buyback program on June 13, 2025, authorizing the purchase of 1,200,000 shares, indicating that the company's leadership believes its stock is undervalued [2].

Despite the positive developments, insiders have also been active in their trading activities. Director David M. Wathen sold a total of 49,402 shares in two separate transactions in June 2025, which resulted in a 34.14% decrease in his position [2]. The overall insider ownership in the company is 2.72%, indicating a significant level of insider involvement in the stock's performance.

In conclusion, while the sale of shares by Gregg C. Sengstack may suggest a slight reduction in his personal investment in the company, the overall picture remains positive. Increased institutional investment, analyst upgrades, and strong financial performance indicate a robust outlook for Franklin Electric Co., Inc.

References:
[1] https://www.tradingview.com/news/tradingview:269083c143f8a:0-franklin-electric-director-gregg-c-sengstack-sells-10-000-shares/
[2] https://www.marketbeat.com/instant-alerts/filing-public-sector-pension-investment-board-acquires-26685-shares-of-franklin-electric-co-inc-nasdaqfele-2025-08-13/