Franklin Electric Co Inc (NASDAQ:FELE), a global leader in the production and marketing of systems and components for the movement of water and automotive fuels, recently witnessed a significant insider transaction. Jonathan Grandon, the Chief Administrative Officer, sold 2,219 shares of the company on August 26, 2024. The transaction was documented in an SEC Filing. Following this sale, the insider now owns 15,884 shares of Franklin Electric Co Inc.

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Over the past year, Jonathan Grandon has sold a total of 3,610 shares and has not purchased any shares. This recent sale is part of a broader trend observed within the company, where there have been 10 insider sells and no insider buys over the past year.

On the day of the sale, shares of Franklin Electric Co Inc were priced at $103.02. This pricing gives the company a market cap of approximately $4.69 billion. The price-earnings ratio stands at 25.61, which is above both the industry median of 21.705 and the historical median for the company.

The stock's valuation can also be assessed through the GF Value, which is set at $95.60. With the current price of $103.02, Franklin Electric Co Inc has a price-to-GF-Value ratio of 1.08, indicating that the stock is Fairly Valued.

The GF Value is derived from historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and expected future business outcomes.

This insider sale might be of interest to investors tracking insider behaviors as an indicator of confidence in the company's future prospects. Franklin Electric Co Inc continues to be a significant player in its industry, with stable valuation metrics that reflect its market position and future growth expectations.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

This article first appeared on GuruFocus.