EntryPoint Capital LLC Purchases New Stake in Franklin Electric Co., Inc. (NASDAQ:FELE)

EntryPoint Capital LLC acquired a new position in Franklin Electric Co., Inc. (NASDAQ:FELE) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,221 shares of the industrial products company’s stock, valued at approximately $216,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Spire Wealth Management bought a new stake in shares of Franklin Electric during the 4th quarter valued at about $29,000. Trust Co. of Vermont acquired a new position in Franklin Electric in the fourth quarter valued at approximately $40,000. Blue Trust Inc. grew its holdings in shares of Franklin Electric by 66.2% during the fourth quarter. Blue Trust Inc. now owns 497 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 198 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of Franklin Electric by 189.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 642 shares of the industrial products company’s stock worth $62,000 after purchasing an additional 420 shares during the period. Finally, Point72 DIFC Ltd bought a new stake in shares of Franklin Electric in the 3rd quarter worth approximately $77,000. Institutional investors own 79.98% of the company’s stock.

Franklin Electric Price Performance

Shares of FELE opened at $94.60 on Friday. Franklin Electric Co., Inc. has a 12 month low of $91.67 and a 12 month high of $111.94. 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 fifty day moving average price of $100.31 and a 200 day moving average price of $101.78. The company has a market cap of $4.33 billion, a P/E ratio of 24.57, a PEG ratio of 2.11 and a beta of 0.98.

Franklin Electric (NASDAQ:FELE) last released its quarterly earnings results on Tuesday, February 18th. The industrial products company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.69 by $0.03. The business had revenue of $485.75 million during the quarter, compared to analyst estimates of $465.87 million. Franklin Electric had a net margin of 8.92% and a return on equity of 14.46%. On average, research analysts forecast that Franklin Electric Co., Inc. will post 4.19 earnings per share for the current year.

Franklin Electric Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were issued a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend was Thursday, February 6th. This is a boost from Franklin Electric’s previous quarterly dividend of $0.25. Franklin Electric’s payout ratio is 27.53%.

Insider Transactions at Franklin Electric

In other Franklin Electric news, insider Delancey W. Davis sold 961 shares of Franklin Electric stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $103.14, for a total transaction of $99,117.54. Following the sale, the insider now owns 7,701 shares of the company’s stock, 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 this hyperlink. Insiders own 2.72% of the company’s stock.

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.