Franklin Electric Co. (NASDAQ:FELE), saw an insider lower his position with the company through multiple transactions officially filed today. Director Scott. R. Trumbull disposed of a total of 20,000 shares at prices ranging from $36.6037 to $36.6141 per share.
Following this transaction, Trumbull now has 398,851 shares directly involved with the company. Franklin Electric Co. (NASDAQ:FELE), is a $1.74 billion market cap corporation that together with its subsidiaries, is engaged in designing, manufacturing and distributing water and fuel pumping systems, consists 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.
As well, multiple hedge funds are involved with the company. Royce & Associates , the hedge fund run by Chuck Royce, holds 1,749,200 shares worth about $74.4 million; while First Pacific Advisors Llc, the hedge fund controlled by Robert Rodriguez And Steven Romick dropped its activity by 2% last quarter, and now has 705,600 shares worth approximately $30 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.