The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Franklin Electric Co., Inc shares valued at $2,131,318 were sold by Wathen David M on Jun 03 ’25. At $85.25 per share, Wathen David M sold 25,000 shares. The insider’s holdings dropped to 24,000 shares worth approximately $2.06 million following the completion of this transaction.
Also, Wathen David M sold 24,000 shares, netting a total of over 2,066,486 in proceeds. Following the sale of shares at $86.10 each, the insider now holds 0 shares.
Before that, Wathen David M had sold 25,402 shares from its account. In a trade valued at $2,164,819, the Director traded Franklin Electric Co., Inc shares for $85.22 each. Upon closing the transaction, the insider’s holdings decreased to 25,402 shares, worth approximately $4.2 million.
As published in a research note from Northcoast on February 23, 2024, Franklin Electric Co., Inc [FELE] has been rated up from a Neutral to a Buy and the price target has been revised to $110. Analysts at Oppenheimer started covering the stock with ‘”a Perform”‘ outlook in a report released in mid April. As of August 15, 2022, Northcoast has decreased its “Buy” rating to a “Neutral” for FELE. Earlier on July 15, 2022, Northcoast initiated its rating. Their recommendation was “a Buy” for FELE stock.
Analyzing FELE Stock Performance
On last trading session,, Franklin Electric Co., Inc [NASDAQ: FELE] plunged -0.14% to $85.73. The stock’s lowest price that day was $85.5, but it reached a high of $86.56 in the same session. During the last five days, there has been a drop of approximately -1.35%. Over the course of the year, Franklin Electric Co., Inc shares have dropped approximately -12.03%. Shares of the company reached a 52-week high of $108.08 on 02/18/25 and a 52-week low of $78.87 on 04/29/25.
Support And Resistance Levels for Franklin Electric Co., Inc (FELE)
According to the 24-hour chart, there is a support level at 85.30, which, if violated, would cause prices to drop to 84.87. In the upper region, resistance lies at 86.36. The next price resistance is at 86.99. RSI (Relative Strength Index) is 45.57 on the 14-day chart, showing neutral technical sentiment.
Is Franklin Electric Co., Inc subject to short interest?
Stocks of Franklin Electric Co., Inc saw a sharp rise in short interest on 2025-05-30 jumping by 34290.0 shares to 0.79 million. Data from Yahoo Finance shows that the short interest on 2025-04-30 was 0.75 million shares. A jump of 4.35% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.17 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.17.
Which companies own the most shares of Franklin Electric Co., Inc (FELE)?
In terms of Franklin Electric Co., Inc share price expectations, FactSet research, analysts set an average price target of 103 in the next 12 months, up nearly 19.98% from the previous closing price of $85.85. Analysts anticipate Franklin Electric Co., Inc stock to reach 120 by 2025, with the lowest price target being 86. In spite of this, 2 analysts ranked Franklin Electric Co., Inc stock as Buy at the end of 2025. On July 14, 2022, Robert W. Baird assigned a price target of “a Neutral” to the stock and downgraded coverage with a $75.
