6,778 Shares in Franklin Electric Co., Inc. (NASDAQ:FELE) Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new position in Franklin Electric Co., Inc. (NASDAQ:FELE) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,778 shares of the industrial products company’s stock, valued at approximately $661,000.

Other large investors also recently modified their holdings of the company. Blue Trust Inc. grew its stake in shares of Franklin Electric by 55.7% in the third quarter. Blue Trust Inc. now owns 299 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 107 shares during the last quarter. Spire Wealth Management bought a new stake in shares of Franklin Electric in the fourth quarter worth about $29,000. Trust Co. of Vermont bought a new stake in shares of Franklin Electric in the fourth quarter worth about $40,000. Point72 DIFC Ltd bought a new stake in shares of Franklin Electric in the third quarter worth about $77,000. Finally, Covestor Ltd grew its stake in shares of Franklin Electric by 15.6% in the third quarter. Covestor Ltd now owns 765 shares of the industrial products company’s stock worth $80,000 after purchasing an additional 103 shares during the last quarter. 79.98% of the stock is owned by institutional investors.

Insider Buying and Selling at Franklin Electric

In related news, insider Delancey W. Davis sold 961 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $103.14, for a total value of $99,117.54. Following the completion of the transaction, the insider now directly owns 7,701 shares in the company, valued at $794,281.14. The trade was a 11.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.72% of the company’s stock.

Franklin Electric Stock Up 0.9 %

NASDAQ FELE opened at $102.15 on Friday. The business’s 50-day moving average is $99.40 and its 200 day moving average is $101.85. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.22 and a quick ratio of 1.06. The stock has a market capitalization of $4.67 billion, a PE ratio of 26.53, a PEG ratio of 2.11 and a beta of 1.00. Franklin Electric Co., Inc. has a 1 year low of $91.67 and a 1 year high of $111.94.

Franklin Electric (NASDAQ:FELE) last posted its quarterly earnings data on Tuesday, February 18th. The industrial products company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.03. The business had revenue of $485.75 million for the quarter, compared to analysts’ expectations of $465.87 million. Franklin Electric had a return on equity of 14.46% and a net margin of 8.92%. Sell-side analysts forecast that Franklin Electric Co., Inc. will post 4.19 earnings per share for the current year.

Franklin Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were given a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a yield of 1.04%. This is a boost from Franklin Electric’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Thursday, February 6th. Franklin Electric’s payout ratio is presently 27.53%.

Franklin Electric 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.