NEW YORK ( TheStreet) -- Franklin Electric (Nasdaq: FELE) is trading at unusually high volume Tuesday with 491,324 shares changing hands. It is currently at 4.1 times its average daily volume and trading up $3.98 (+10.1%) at $43.41 as of four p.m. ET. Franklin Electric has a market cap of $986 million and is part of the industrial goods sector and industrial industry. Shares are up 1.3% year to date as of the close of trading on Monday. Franklin Electric Co., Inc., together with its subsidiaries, engages in the design, manufacture, and distribution of groundwater and fuel pumping systems. It operates in two segments, Water Systems and Fueling Systems. The company has a P/E ratio of 19.2, above the average industrial industry P/E ratio of 19 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Franklin Electric as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Franklin Electric Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.