Envestnet Asset Management Inc. Boosts Stake in Franklin Electric Co., Inc. (NASDAQ:FELE)

Envestnet Asset Management Inc. lifted its holdings in Franklin Electric Co., Inc. (NASDAQ:FELE) by 0.8% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 210,629 shares of the industrial products company’s stock after buying an additional 1,712 shares during the period. Envestnet Asset Management Inc. owned approximately 0.46% of Franklin Electric worth $20,288,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of FELE. Principal Securities Inc. purchased a new position in Franklin Electric in the fourth quarter worth $33,000. GAMMA Investing LLC boosted its holdings in shares of Franklin Electric by 88.0% in the 1st quarter. GAMMA Investing LLC now owns 314 shares of the industrial products company’s stock worth $34,000 after buying an additional 147 shares during the last quarter. ORG Partners LLC bought a new position in Franklin Electric during the second quarter valued at about $36,000. TFO Wealth Partners LLC increased its holdings in Franklin Electric by 121,400.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,215 shares of the industrial products company’s stock worth $117,000 after buying an additional 1,214 shares during the last quarter. Finally, Quest Partners LLC bought a new stake in Franklin Electric in the fourth quarter worth about $147,000. 79.98% of the stock is owned by institutional investors.

Franklin Electric Stock Down 1.5 %

Franklin Electric stock opened at $102.29 on Monday. The firm has a 50 day moving average price of $100.54 and a 200-day moving average price of $100.10. The company has a quick ratio of 1.14, a current ratio of 2.65 and a debt-to-equity ratio of 0.07. Franklin Electric Co., Inc. has a twelve month low of $82.61 and a twelve month high of $108.39. The company has a market capitalization of $4.71 billion, a P/E ratio of 25.45, a P/E/G ratio of 1.88 and a beta of 0.95.

Franklin Electric (NASDAQ:FELE) last announced its quarterly earnings data 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). The firm had revenue of $543.30 million for the quarter, compared to the consensus estimate of $570.80 million. Franklin Electric had a net margin of 9.35% and a return on equity of 15.57%. Franklin Electric’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same period last year, the company posted $1.27 earnings per share. As a group, equities analysts predict that Franklin Electric Co., Inc. will post 4.22 EPS for the current year.

Franklin Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.98%. The ex-dividend date was Thursday, August 1st. Franklin Electric’s dividend payout ratio (DPR) is presently 24.88%.

Insiders Place Their Bets

In related news, insider Gregg C. Sengstack sold 5,000 shares of the firm’s stock in a transaction that occurred 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 directly owns 108,489 shares of the company’s stock, valued at approximately $11,268,752.43. The transaction 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 business’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 sale, the insider now directly owns 108,489 shares in the company, valued at approximately $11,268,752.43. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Gregg C. Sengstack sold 5,396 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $106.64, for a total value of $575,429.44. Following the completion of the transaction, the insider now owns 98,093 shares of the company’s stock, valued at approximately $10,460,637.52. The disclosure for this sale can be found here. Insiders sold 24,486 shares of company stock worth $2,568,171 over the last quarter. 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.