Franklin Electric Co Inc, a leading provider of water and fuel movement systems, recently saw a notable insider transaction. Jonathan Grandon, the Chief Administrative Officer, sold 2,219 shares of the company on August 26, 2024. This sale, documented in a regulatory filing, leaves Grandon with 15,884 shares of Franklin Electric. Over the past year, Grandon has sold a total of 3,610 shares and has not purchased any. The company has witnessed 10 insider sells and no insider buys in the past year. On the day of the sale, Franklin Electric stock was priced at $103.02, giving the company a market capitalization of approximately $4.69 billion. The price-to-book ratio stands at 25.61, surpassing both the industry median and the company’s historical median. The stock’s valuation can also be assessed through the GF Value, which is set at $95.60. This insider sale may be of interest to investors who track insider activity as an indicator of confidence in a company’s future. Franklin Electric continues to be a major player in its industry, with stable valuation metrics reflecting its market position and growth expectations.
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