Franklin Electric (NASDAQ:FELE) Reaches New 52-Week Low – Should You Sell?

Franklin Electric Co., Inc. (NASDAQ:FELE) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $90.73 and last traded at $91.07, with a volume of 107852 shares trading hands. The stock had previously closed at $95.87.

Franklin Electric Stock Performance

The firm has a fifty day simple moving average of $99.65 and a 200-day simple moving average of $101.61. The company has a quick ratio of 1.06, a current ratio of 2.22 and a debt-to-equity ratio of 0.01. The company has a market cap of $4.00 billion, a PE ratio of 22.71, a price-to-earnings-growth 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.03. Franklin Electric had a return on equity of 14.46% and a net margin of 8.92%. The firm had revenue of $485.75 million for the quarter, compared to the consensus estimate of $465.87 million. On average, research analysts forecast that Franklin Electric Co., Inc. will post 4.19 EPS for the current fiscal year.

Franklin Electric Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were given a $0.265 dividend. This is an increase from Franklin Electric’s previous quarterly dividend of $0.25. The ex-dividend date was Thursday, February 6th. This represents a $1.06 annualized dividend and a yield of 1.21%. Franklin Electric’s dividend payout ratio is 27.53%.

Insider Buying and Selling

In related news, insider Delancey W. Davis sold 961 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $103.14, for a total value of $99,117.54. Following the transaction, the insider now 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 SEC, which is available at the SEC website. 2.72% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Mariner LLC lifted its holdings in shares of Franklin Electric by 1.8% during the fourth quarter. Mariner LLC now owns 6,471 shares of the industrial products company’s stock worth $631,000 after purchasing an additional 116 shares during the period. BHK Investment Advisors LLC raised its position in Franklin Electric by 2.5% during the 4th quarter. BHK Investment Advisors LLC now owns 5,139 shares of the industrial products company’s stock worth $501,000 after buying an additional 125 shares during the last quarter. Captrust Financial Advisors lifted its stake in shares of Franklin Electric by 0.4% in the 4th quarter. Captrust Financial Advisors now owns 31,879 shares of the industrial products company’s stock worth $3,107,000 after acquiring an additional 137 shares during the period. Sanctuary Advisors LLC boosted its holdings in shares of Franklin Electric by 3.4% in the fourth quarter. Sanctuary Advisors LLC now owns 4,372 shares of the industrial products company’s stock valued at $434,000 after acquiring an additional 145 shares in the last quarter. Finally, Summit Investment Advisors Inc. increased its stake in shares of Franklin Electric by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,739 shares of the industrial products company’s stock worth $462,000 after acquiring an additional 150 shares during the period. 79.98% of the stock is currently owned by hedge funds and other institutional investors.

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.