Public Sector Pension Investment Board Grows Stock Position in Franklin Electric Co., Inc. (NASDAQ:FELE)

Public Sector Pension Investment Board boosted its position in Franklin Electric Co., Inc. (NASDAQ:FELE) by 7.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,162 shares of the industrial products company’s stock after buying an additional 5,841 shares during the period. Public Sector Pension Investment Board owned approximately 0.19% of Franklin Electric worth $8,395,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in shares of Franklin Electric by 88.0% in the first quarter. GAMMA Investing LLC now owns 314 shares of the industrial products company’s stock valued at $34,000 after buying an additional 147 shares in the last quarter. ORG Partners LLC acquired a new stake in Franklin Electric in the second quarter valued at $36,000. TFO Wealth Partners LLC boosted its position in shares of Franklin Electric by 121,400.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,215 shares of the industrial products company’s stock worth $117,000 after purchasing an additional 1,214 shares in the last quarter. Quest Partners LLC acquired a new position in shares of Franklin Electric during the 4th quarter worth $147,000. Finally, Intech Investment Management LLC purchased a new position in shares of Franklin Electric in the 2nd quarter valued at about $203,000. 79.98% of the stock is owned by institutional investors and hedge funds.

Franklin Electric Stock Up 0.1 %

FELE stock opened at $102.61 on Wednesday. The company has a current ratio of 2.65, a quick ratio of 1.14 and a debt-to-equity ratio of 0.07. The company’s 50-day moving average price is $100.53 and its 200 day moving average price is $100.11. Franklin Electric Co., Inc. has a 52 week low of $82.61 and a 52 week high of $108.39. The company has a market cap of $4.73 billion, a P/E ratio of 25.52, a P/E/G ratio of 1.88 and a beta of 0.95.

Franklin Electric (NASDAQ:FELE) last announced its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.06). Franklin Electric had a return on equity of 15.57% and a net margin of 9.35%. The firm had revenue of $543.30 million for the quarter, compared to analysts’ expectations of $570.80 million. During the same period last year, the firm earned $1.27 EPS. Franklin Electric’s revenue was down 4.6% compared to the same quarter last year. On average, research analysts expect that Franklin Electric Co., Inc. will post 4.22 earnings per share for the current fiscal year.

Franklin Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend was Thursday, August 1st. Franklin Electric’s dividend payout ratio (DPR) is presently 24.88%.

Insider Buying and Selling

In other Franklin Electric news, insider Jay J. Walsh sold 14,090 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $104.57, for a total transaction of $1,473,391.30. Following the completion of the transaction, the insider now directly owns 16,927 shares in the company, valued at approximately $1,770,056.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Franklin Electric news, insider Gregg C. Sengstack sold 5,000 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $103.87, for a total transaction of $519,350.00. Following the completion of the transaction, the insider now owns 108,489 shares of the company’s stock, valued at $11,268,752.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jay J. Walsh sold 14,090 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $104.57, for a total value of $1,473,391.30. Following the completion of the sale, the insider now owns 16,927 shares in the company, valued at $1,770,056.39. The disclosure for this sale can be found here. Insiders have sold 24,486 shares of company stock worth $2,568,171 in the last three months. 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.