Trust Co. of Toledo NA OH raised its stake in Franklin Electric Co., Inc. (NASDAQ:FELE – Free Report) by 47.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,000 shares of the industrial products company’s stock after buying an additional 2,900 shares during the period. Trust Co. of Toledo NA OH’s holdings in Franklin Electric were worth $877,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. Blue Trust Inc. boosted its position in Franklin Electric by 55.7% during the 3rd quarter. Blue Trust Inc. now owns 299 shares of the industrial products company’s stock valued at $29,000 after buying an additional 107 shares during the period. CWM LLC boosted its position in Franklin Electric by 16.7% during the 3rd quarter. CWM LLC now owns 684 shares of the industrial products company’s stock valued at $72,000 after buying an additional 98 shares during the period. USA Financial Formulas purchased a new stake in Franklin Electric during the 3rd quarter valued at $74,000. Signaturefd LLC lifted its position in shares of Franklin Electric by 29.9% in the 3rd quarter. Signaturefd LLC now owns 712 shares of the industrial products company’s stock worth $75,000 after purchasing an additional 164 shares during the period. Finally, Point72 DIFC Ltd purchased a new stake in shares of Franklin Electric in the 3rd quarter worth about $77,000. Institutional investors own 79.98% of the company’s stock.
Insider Activity at Franklin Electric
In other Franklin Electric news, insider Gregg C. Sengstack sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $100.22, for a total transaction of $150,330.00. Following the completion of the sale, the insider now directly owns 9,032 shares in the company, valued at approximately $905,187.04. This trade represents a 14.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.72% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
View Our Latest Report on FELE
Franklin Electric Trading Up 2.5 %
NASDAQ:FELE opened at $95.76 on Tuesday. Franklin Electric Co., Inc. has a 12 month low of $91.67 and a 12 month high of $111.94. The stock has a market cap of $4.37 billion, a price-to-earnings ratio of 24.24, a P/E/G ratio of 2.30 and a beta of 1.00. The company has a 50-day moving average price of $103.30 and a 200-day moving average price of $101.63. The company has a current ratio of 2.40, a quick ratio of 1.06 and a debt-to-equity ratio of 0.01.
Franklin Electric (NASDAQ:FELE – Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.10). Franklin Electric had a net margin of 9.22% and a return on equity of 15.03%. The business had revenue of $531.40 million for the quarter, compared to analysts’ expectations of $551.08 million. During the same period last year, the business earned $1.23 earnings per share. The company’s revenue was down 1.4% on a year-over-year basis. Equities analysts predict that Franklin Electric Co., Inc. will post 3.81 EPS for the current year.
Franklin Electric Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 7th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $1.00 dividend on an annualized basis and a yield of 1.04%. Franklin Electric’s dividend payout ratio (DPR) is currently 25.32%.
Franklin Electric Company Profile
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.
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