Franklin Electric Co., Inc. (NASDAQ:FELE) Shares Bought by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC raised its stake in Franklin Electric Co., Inc. (NASDAQ:FELE) by 189.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 642 shares of the industrial products company’s stock after buying an additional 420 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Franklin Electric were worth $62,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Covestor Ltd lifted its position in shares of Franklin Electric by 15.6% during the third quarter. Covestor Ltd now owns 765 shares of the industrial products company’s stock worth $80,000 after purchasing an additional 103 shares in the last quarter. BHK Investment Advisors LLC increased its stake in shares of Franklin Electric by 2.5% during the fourth 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 period. Sanctuary Advisors LLC increased its stake in shares of Franklin Electric by 3.4% during the fourth quarter. Sanctuary Advisors LLC now owns 4,372 shares of the industrial products company’s stock worth $434,000 after buying an additional 145 shares during the period. MML Investors Services LLC raised its holdings in Franklin Electric by 2.6% in the third quarter. MML Investors Services LLC now owns 6,048 shares of the industrial products company’s stock valued at $634,000 after acquiring an additional 156 shares in the last quarter. Finally, Inspire Investing LLC lifted its stake in Franklin Electric by 4.1% in the fourth quarter. Inspire Investing LLC now owns 4,192 shares of the industrial products company’s stock worth $409,000 after acquiring an additional 164 shares during the last quarter. Institutional investors and hedge funds own 79.98% of the company’s stock.

Franklin Electric Trading Down 2.2 %

Shares of NASDAQ:FELE opened at $100.50 on Tuesday. Franklin Electric Co., Inc. has a 52 week low of $91.67 and a 52 week high of $111.94. The company’s 50 day moving average is $99.77 and its two-hundred day moving average is $101.97. The company has a market cap of $4.59 billion, a PE ratio of 26.10, a P/E/G ratio of 2.11 and a beta of 0.98. 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 EPS for the quarter, beating the consensus estimate of $0.69 by $0.03. The firm had revenue of $485.75 million for the quarter, compared to analyst estimates of $465.87 million. Franklin Electric had a return on equity of 14.46% and a net margin of 8.92%. Equities analysts predict that Franklin Electric Co., Inc. will post 4.19 earnings per share for the current fiscal year.

Franklin Electric Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were paid a dividend of $0.265 per share. This is a boost from Franklin Electric’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $1.06 annualized dividend and a yield of 1.05%. Franklin Electric’s payout ratio is presently 27.53%.

Insider Activity at Franklin Electric

In related 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 completion of the sale, the insider now directly owns 7,701 shares of the company’s stock, valued at $794,281.14. The trade was a 11.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.72% of the stock is currently owned by corporate insiders.

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.