Gregg Sengstack Sells 35,000 Shares of FELE
Gregg Sengstack offloads 35,000 shares of FELE for $1.51 million.
Key Points
- Gregg Sengstack sold 35,000 shares of FELE at $43 each on June 12, 2026, for a total of $1.51 million.
- Shares of FELE traded at $103.57, with a 52-week range between $80 and $120.
- Major institutional holders like BlackRock and Morgan Stanley increased their FELE positions recently.
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On June 12, 2026, Gregg Sengstack sold 35,000 shares of FELE at $43 each, totaling $1.51 million. This transaction wasn't planned ahead, reflecting a strategic decision by Sengstack.
Insider Buying and Selling at Franklin Electric Co., Inc.
Gregg Sengstack executed a series of transactions on June 12, 2026, involving both the acquisition and sale of 35,000 shares at $43. In another move, Jonathan Grandon, Chief Administrative Officer, sold 8,547 shares at $103.4 on June 9, 2026, after having bought the same number of shares at $42.2.
Other Institutional Activity in FELE
Several major funds have adjusted their positions in FELE. BlackRock, Inc. increased its holdings by 130,204 shares, ending with 6,462,977 shares valued at about $595.7 million. Morgan Stanley added 192,768 shares, bringing its total to 1,982,973 shares worth approximately $182.8 million. Meanwhile, Allspring Global Investments Holdings, LLC reduced its stake by 263,434 shares, leaving it with 1,594,146 shares valued at $149.2 million.
Analysts Set New Price Targets
On April 29, 2026, DA Davidson maintained its 'hold' rating on FELE with a $100 price target. Previously, on February 19, 2026, they also held a 'hold' rating with the same target. Baird maintained a 'hold' rating with a $107 target on July 30, 2025. Seaport Global, however, has a 'buy' rating with a target of $110 as of July 24, 2024.
Bottom Line
Gregg Sengstack's recent sale of FELE shares is a notable transaction, though not indicative of any immediate financial advice. The stock's performance and institutional interest suggest ongoing confidence, with analysts maintaining steady ratings. As always, these insider activities and analyst ratings provide a snapshot of the company's current standing, but investors should consider the broader market context.
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