Franklin Electric (FELE) Insider Sengstack Buys $1.5M of Stock
FELE insider Gregg Sengstack bought 35,000 shares at $43 each on June 12, 2026.
Reviewed by automated data checks against the source filing. How we make and check alerts
Gregg Sengstack bought 35,000 shares of Franklin Electric Co., Inc. ($FELE) at an average price of $43, worth about $1.50 million, on June 12, 2026. The trade was reported to the SEC in a Form 4 filing.
Since the trade, $FELE is up 0.8% after 1 week, down 0.3% after 1 month and down 3.0% to date (from the $103.31 close on Jun 12, 2026).
FELE
Franklin Electric Co., Inc.
Key Points
- Gregg Sengstack bought 35,000 shares of FELE at $43 per share on June 12, 2026, for a total of $1.51 million.
- FELE shares traded at $103.57, with a market cap of $595.7 million.
- BlackRock and Morgan Stanley increased their FELE holdings, while Allspring Global reduced its position.
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On June 12, 2026, Gregg Sengstack, an insider at FELE, bought 35,000 shares of the company at $43 each. This purchase amounted to a total value of approximately $1.51 million. The transaction was not part of a pre-planned trading program.
Other Institutional Activity in FELE
Several institutional investors adjusted their positions in FELE. BlackRock, Inc. increased its stake by 130,204 shares, bringing its total to 6,462,977 shares valued at about $595.7 million. Vanguard Portfolio Management LLC initiated a position with 2,353,667 shares worth approximately $216.9 million. Morgan Stanley also boosted its holdings by 192,768 shares to a total of 1,982,973 shares, valued at $182.8 million. Meanwhile, Allspring Global Investments Holdings, LLC reduced its stake by 263,434 shares, ending with 1,594,146 shares worth about $149.2 million.
Franklin Electric Co., Inc. Stock Up 8.4%
Shares of FELE traded at $103.57. The company has a market cap of $595.7 million. The stock's performance includes a 52-week range that investors monitor closely, along with moving averages that provide insight into its trading patterns.
Insider Buying and Selling at Franklin Electric Co., Inc.
In addition to Gregg Sengstack's purchase, there were other notable insider transactions. On June 9, 2026, Jonathan Grandon, Chief Administrative Officer, bought 8,547 shares at $42.20 each and sold the same number at $103.40 per share, reflecting strategic trades within the company.
Analysts Set New Price Targets
Analysts have maintained their ratings on FELE. On April 29, 2026, DA Davidson maintained a 'hold' rating with a $100 price target. Baird has also consistently rated the stock as 'hold' with various price targets, the latest being $107 set on July 30, 2025. Seaport Global maintained a 'buy' rating with a $110 target on July 24, 2024.
Bottom Line
Gregg Sengstack's purchase of 35,000 FELE shares is a significant insider move, adding to the various institutional activities surrounding FELE. Investors often track these insider and institutional transactions as they can provide insights into potential company performance. Keep in mind that insider transactions are reported after they occur and may not reflect current positions.
Related Filing Alerts
Source: Gregg Sengstack's Form 4 filing on $FELE (Jun 12, 2026). Find the original filing: FELE Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts