702 Shares in Franklin Electric Co., Inc. (NASDAQ:FELE) Purchased by USA Financial Formulas

USA Financial Formulas acquired a new stake in shares of Franklin Electric Co., Inc. (NASDAQ:FELE) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 702 shares of the industrial products company’s stock, valued at approximately $74,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. CWM LLC grew its stake in Franklin Electric by 16.7% in the third quarter. CWM LLC now owns 684 shares of the industrial products company’s stock worth $72,000 after purchasing an additional 98 shares during the period. Marshall Wace LLP boosted its stake in Franklin Electric by 1.0% during the second quarter. Marshall Wace LLP now owns 11,009 shares of the industrial products company’s stock worth $1,060,000 after acquiring an additional 109 shares in the last quarter. Duality Advisers LP grew its stake in shares of Franklin Electric by 1.6% in the 1st quarter. Duality Advisers LP now owns 8,857 shares of the industrial products company’s stock worth $946,000 after buying an additional 137 shares during the last quarter. GAMMA Investing LLC increased its position in Franklin Electric by 88.0% during the 1st quarter. GAMMA Investing LLC now owns 314 shares of the industrial products company’s stock valued at $34,000 after buying an additional 147 shares in the last quarter. Finally, Bridge City Capital LLC raised its stake in Franklin Electric by 0.8% during the first quarter. Bridge City Capital LLC now owns 21,399 shares of the industrial products company’s stock valued at $2,286,000 after buying an additional 166 shares during the last quarter. Hedge funds and other institutional investors own 79.98% of the company’s stock.

Franklin Electric Trading Down 1.1 %

NASDAQ FELE opened at $103.81 on Friday. The stock has a market cap of $4.78 billion, a P/E ratio of 25.82, a P/E/G ratio of 2.02 and a beta of 0.95. The company has a current ratio of 2.65, a quick ratio of 1.14 and a debt-to-equity ratio of 0.07. Franklin Electric Co., Inc. has a 12 month low of $82.61 and a 12 month high of $108.39. The stock’s fifty day moving average price is $100.63 and its 200-day moving average price is $100.29.

Franklin Electric (NASDAQ:FELE) last announced its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06). Franklin Electric had a return on equity of 15.57% and a net margin of 9.35%. The firm had revenue of $543.30 million during the quarter, compared to analysts’ expectations of $570.80 million. During the same quarter in the previous year, the firm earned $1.27 earnings per share. Franklin Electric’s revenue was down 4.6% on a year-over-year basis. As a group, equities analysts forecast that Franklin Electric Co., Inc. will post 4.22 EPS for the current fiscal year.

Franklin Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date was Thursday, August 1st. Franklin Electric’s dividend payout ratio (DPR) is 24.88%.

Insider Buying and Selling at Franklin Electric

In other news, insider Gregg C. Sengstack sold 5,396 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $106.64, for a total transaction of $575,429.44. Following the completion of the transaction, the insider now directly owns 98,093 shares of the company’s stock, valued at $10,460,637.52. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Franklin Electric news, insider Jay J. Walsh sold 14,090 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $104.57, for a total transaction of $1,473,391.30. Following the completion of the sale, the insider now directly owns 16,927 shares of the company’s stock, valued at approximately $1,770,056.39. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gregg C. Sengstack sold 5,396 shares of Franklin Electric stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $106.64, for a total transaction of $575,429.44. Following the transaction, the insider now owns 98,093 shares in the company, valued at $10,460,637.52. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,486 shares of company stock worth $2,568,171. Company insiders own 2.72% of the company’s stock.

About Franklin Electric

Franklin Electric Co, Inc, together with its subsidiaries, designs, manufactures, and distributes water and fuel pumping systems worldwide. The company operates through Water Systems, Fueling Systems, and Distribution segments. The Water Systems segment offers submersible motors, drives, pumps, electronic controls, water treatment systems, monitoring devices, and related parts and equipment.