Inspire Investing LLC Purchases 293 Shares of Franklin Electric Co., Inc. (NASDAQ:FELE)

Inspire Investing LLC raised its position in Franklin Electric Co., Inc. (NASDAQ:FELE) by 8.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,718 shares of the industrial products company’s stock after purchasing an additional 293 shares during the period. Inspire Investing LLC’s holdings in Franklin Electric were worth $358,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Principal Securities Inc. acquired a new position in shares of Franklin Electric in the 4th quarter valued at $33,000. GAMMA Investing LLC lifted its holdings in Franklin Electric by 88.0% during the first quarter. GAMMA Investing LLC now owns 314 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 147 shares in the last quarter. ORG Partners LLC acquired a new position in Franklin Electric in the second quarter valued at about $36,000. TFO Wealth Partners LLC increased its holdings in shares of Franklin Electric by 121,400.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,215 shares of the industrial products company’s stock worth $117,000 after acquiring an additional 1,214 shares in the last quarter. Finally, Quest Partners LLC acquired a new stake in shares of Franklin Electric during the fourth quarter worth about $147,000. 79.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Gregg C. Sengstack sold 5,000 shares of Franklin Electric stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $103.87, for a total value of $519,350.00. Following the sale, the insider now owns 108,489 shares of the company’s stock, valued at approximately $11,268,752.43. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Gregg C. Sengstack sold 5,000 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $103.87, for a total value 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 legal filing with the SEC, which can be accessed through the SEC website. Also, insider Gregg C. Sengstack sold 5,396 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $106.64, for a total transaction of $575,429.44. Following the sale, the insider now directly owns 98,093 shares in the company, valued at $10,460,637.52. The disclosure for this sale can be found here. Insiders have sold a total of 24,486 shares of company stock worth $2,568,171 over the last three months. Corporate insiders own 2.72% of the company’s stock.

Franklin Electric Trading Down 1.5 %

NASDAQ:FELE opened at $102.29 on Friday. The business’s 50-day simple moving average is $100.54 and its 200-day simple moving average is $100.12. Franklin Electric Co., Inc. has a fifty-two week low of $82.61 and a fifty-two week high of $108.39. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.65 and a quick ratio of 1.14. The stock has a market capitalization of $4.71 billion, a PE ratio of 25.45, a price-to-earnings-growth ratio of 1.88 and a beta of 0.95.

Franklin Electric (NASDAQ:FELE) last released its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.06). Franklin Electric had a net margin of 9.35% and a return on equity of 15.57%. The company had revenue of $543.30 million during the quarter, compared to analyst estimates of $570.80 million. During the same quarter last year, the company earned $1.27 EPS. The firm’s quarterly revenue was down 4.6% compared to the same quarter last year. Sell-side 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. Shareholders of record on Thursday, August 1st were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.98%. The ex-dividend date was Thursday, August 1st. Franklin Electric’s dividend payout ratio is 24.88%.

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.