Boston Trust Walden Corp Raises Stock Position in Franklin Electric Co., Inc. (NASDAQ:FELE)

Boston Trust Walden Corp boosted its position in shares of Franklin Electric Co., Inc. (NASDAQ:FELE) by 0.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 659,057 shares of the industrial products company’s stock after acquiring an additional 3,847 shares during the period. Boston Trust Walden Corp’s holdings in Franklin Electric were worth $69,082,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of FELE. First Merchants Corp purchased a new stake in Franklin Electric in the second quarter valued at about $19,054,000. F M Investments LLC purchased a new position in shares of Franklin Electric in the 2nd quarter valued at approximately $9,158,000. Assenagon Asset Management S.A. raised its position in shares of Franklin Electric by 116.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 165,601 shares of the industrial products company’s stock valued at $15,951,000 after purchasing an additional 89,128 shares during the last quarter. Edgestream Partners L.P. boosted its stake in Franklin Electric by 328.4% in the 2nd quarter. Edgestream Partners L.P. now owns 64,431 shares of the industrial products company’s stock worth $6,206,000 after purchasing an additional 49,391 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its position in Franklin Electric by 14.9% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 339,764 shares of the industrial products company’s stock worth $36,290,000 after purchasing an additional 43,945 shares during the last quarter. 79.98% of the stock is currently owned by institutional investors and hedge funds.

Franklin Electric Stock Performance

Franklin Electric stock traded down $0.29 during mid-day trading on Friday, reaching $101.60. 88,292 shares of the company traded hands, compared to its average volume of 174,166. Franklin Electric Co., Inc. has a fifty-two week low of $83.71 and a fifty-two week high of $108.39. The firm’s fifty day moving average is $101.94 and its two-hundred day moving average is $100.24. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.65 and a quick ratio of 1.14. The company has a market capitalization of $4.68 billion, a price-to-earnings ratio of 25.27, a price-to-earnings-growth ratio of 2.07 and a beta of 0.95.

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

Insider Activity

In related news, insider Gregg C. Sengstack sold 5,396 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $106.64, for a total value of $575,429.44. Following the sale, the insider now owns 98,093 shares in the company, valued at $10,460,637.52. 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 available at this hyperlink. In other Franklin Electric news, insider Gregg C. Sengstack sold 5,396 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $106.64, for a total value of $575,429.44. Following the sale, the insider now directly owns 98,093 shares of the company’s stock, valued at approximately $10,460,637.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gregg C. Sengstack sold 5,000 shares of Franklin Electric stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $103.87, for a total value of $519,350.00. Following the transaction, the insider now owns 108,489 shares of the company’s stock, valued at $11,268,752.43. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate 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.