134,379 Shares in Franklin Electric Co., Inc. (NASDAQ:FELE) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new stake in Franklin Electric Co., Inc. (NASDAQ:FELE) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 134,379 shares of the industrial products company’s stock, valued at approximately $134,000. Proficio Capital Partners LLC owned approximately 0.29% of Franklin Electric as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in FELE. Geode Capital Management LLC lifted its position in Franklin Electric by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,004,057 shares of the industrial products company’s stock worth $105,264,000 after buying an additional 9,170 shares in the last quarter. Allianz Asset Management GmbH lifted its position in Franklin Electric by 21.6% in the fourth quarter. Allianz Asset Management GmbH now owns 811,682 shares of the industrial products company’s stock worth $79,098,000 after purchasing an additional 143,917 shares during the period. KBC Group NV boosted its position in shares of Franklin Electric by 7.3% during the 4th quarter. KBC Group NV now owns 415,179 shares of the industrial products company’s stock valued at $40,459,000 after acquiring an additional 28,121 shares in the last quarter. Bank of New York Mellon Corp grew its position in Franklin Electric by 15.9% in the fourth quarter. Bank of New York Mellon Corp now owns 392,080 shares of the industrial products company’s stock valued at $38,208,000 after acquiring an additional 53,825 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in shares of Franklin Electric by 3.9% during the fourth quarter. Principal Financial Group Inc. now owns 205,212 shares of the industrial products company’s stock worth $19,998,000 after buying an additional 7,628 shares in the last quarter. 79.98% of the stock is owned by hedge funds and other institutional investors.

Franklin Electric Stock Down 1.1 %

Shares of NASDAQ FELE opened at $99.70 on Thursday. 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 firm’s 50-day simple moving average is $99.88 and its 200 day simple moving average is $101.94. 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 cap of $4.56 billion, a price-to-earnings ratio of 25.90, a price-to-earnings-growth ratio of 2.11 and a beta of 0.98.

Franklin Electric (NASDAQ:FELE) last released 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 company had revenue of $485.75 million during the quarter, compared to analysts’ expectations of $465.87 million. Franklin Electric had a return on equity of 14.46% and a net margin of 8.92%. On average, research analysts expect 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. Shareholders of record on Thursday, February 6th were given 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 dividend yield of 1.06%. Franklin Electric’s payout ratio is presently 27.53%.

Insider Activity

In related news, insider Delancey W. Davis sold 961 shares of the company’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 transaction, the insider now directly owns 7,701 shares of the company’s stock, valued at approximately $794,281.14. This represents 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. 2.72% of the stock is currently owned by company insiders.

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.