Franklin Electric Co., Inc. (NASDAQ:FELE) Shares Sold by Kapitalo Investimentos Ltda

Kapitalo Investimentos Ltda decreased its position in Franklin Electric Co., Inc. (NASDAQ:FELE) by 21.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 893 shares of the industrial products company’s stock after selling 238 shares during the period. Kapitalo Investimentos Ltda’s holdings in Franklin Electric were worth $86,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pacer Advisors Inc. purchased a new position in shares of Franklin Electric in the fourth quarter worth about $26,000. Principal Securities Inc. acquired a new position in Franklin Electric in the 4th quarter worth approximately $33,000. VisionPoint Advisory Group LLC purchased a new position in Franklin Electric during the 3rd quarter worth approximately $37,000. Signaturefd LLC lifted its stake in Franklin Electric by 35.3% during the 4th quarter. Signaturefd LLC now owns 541 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 141 shares during the period. Finally, Global Retirement Partners LLC boosted its holdings in shares of Franklin Electric by 51.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,094 shares of the industrial products company’s stock valued at $103,000 after acquiring an additional 374 shares during the last quarter. Institutional investors and hedge funds own 79.98% of the company’s stock.

Franklin Electric Stock Performance

FELE opened at $97.02 on Thursday. The firm has a fifty day moving average price of $99.41 and a 200 day moving average price of $98.65. Franklin Electric Co., Inc. has a 1 year low of $82.61 and a 1 year high of $107.89. The stock has a market cap of $4.47 billion, a P/E ratio of 24.13, a P/E/G ratio of 1.89 and a beta of 0.97. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.85 and a quick ratio of 1.17.

Franklin Electric (NASDAQ:FELE) last issued its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.04). Franklin Electric had a return on equity of 15.86% and a net margin of 9.25%. The firm had revenue of $460.90 million during the quarter, compared to analyst estimates of $477.64 million. During the same quarter last year, the company posted $0.79 EPS. The company’s revenue was down 4.9% on a year-over-year basis. Equities research analysts anticipate that Franklin Electric Co., Inc. will post 4.27 earnings per share for the current year.

Franklin Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 16th. Stockholders of record on Thursday, May 2nd were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date was Wednesday, May 1st. Franklin Electric’s dividend payout ratio (DPR) is presently 24.88%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on FELE shares. Northcoast Research upgraded shares of Franklin Electric from a “neutral” rating to a “buy” rating and set a $110.00 target price for the company in a research report on Friday, February 23rd. StockNews.com cut Franklin Electric from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 9th. Finally, DA Davidson upped their target price on Franklin Electric from $87.00 to $90.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st.

Insider Transactions at Franklin Electric

In related news, insider Jonathan M. Grandon sold 1,391 shares of Franklin Electric stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $98.00, for a total value of $136,318.00. Following the sale, the insider now owns 18,103 shares of the company’s stock, valued at approximately $1,774,094. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Jonathan M. Grandon sold 1,391 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $98.00, for a total value of $136,318.00. Following the transaction, the insider now directly owns 18,103 shares of the company’s stock, valued at approximately $1,774,094. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Delancey W. Davis sold 2,214 shares of Franklin Electric stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $102.06, for a total value of $225,960.84. Following the completion of the sale, the insider now owns 8,014 shares in the company, valued at $817,908.84. The disclosure for this sale can be found here. Corporate 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.