Gregg Sengstack Purchases 35,000 Shares of FELE
FELE insider Gregg Sengstack bought 35,000 shares at $43 each on June 12, 2026.
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.
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.
FELE Stock Snapshot
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 FELE
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.
See Also
This instant news alert was generated by automated narrative technology and financial data from Trueearnings and public regulatory filings. It is for informational purposes only and is not financial advice.