New Age Alpha Advisors LLC Invests $233,000 in Franklin Electric Co., Inc. (NASDAQ:FELE)

New Age Alpha Advisors LLC acquired a new position in shares of Franklin Electric Co., Inc. (NASDAQ:FELE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,396 shares of the industrial products company’s stock, valued at approximately $233,000.

Several other hedge funds have also recently added to or reduced their stakes in FELE. Spire Wealth Management bought a new stake in shares of Franklin Electric in the fourth quarter valued at approximately $29,000. Trust Co. of Vermont bought a new stake in Franklin Electric in the 4th quarter valued at $40,000. Blue Trust Inc. grew its position in Franklin Electric by 66.2% in the 4th quarter. Blue Trust Inc. now owns 497 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 198 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings 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 acquired a new position in shares of Franklin Electric during the third quarter valued at about $77,000. Institutional investors own 79.98% of the company’s stock.

Franklin Electric Price Performance

Shares of FELE stock opened at $95.87 on Thursday. Franklin Electric Co., Inc. has a 12 month low of $91.67 and a 12 month high of $111.94. The company has a market capitalization of $4.39 billion, a P/E ratio of 24.90, a P/E/G ratio of 2.11 and a beta of 0.98. The stock has a 50 day moving average of $100.02 and a two-hundred day moving average of $101.75. The company has a current ratio of 2.22, a quick ratio of 1.06 and a debt-to-equity ratio of 0.01.

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

Franklin Electric Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were given a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend was Thursday, February 6th. This is an increase from Franklin Electric’s previous quarterly dividend of $0.25. Franklin Electric’s dividend payout ratio (DPR) is 27.53%.

Insider Buying and Selling at Franklin Electric

In other news, insider Delancey W. Davis sold 961 shares of the business’s stock in a transaction 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 sale, the insider now owns 7,701 shares in the company, valued at approximately $794,281.14. The trade was a 11.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.72% of the company’s stock.

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.