Franklin Electric Co., Inc. (FELE)

Jump Financial LLC Takes $740,000 Position in Franklin Electric Co., Inc. (NASDAQ:FELE)

Jump Financial LLC bought a new position in Franklin Electric Co., Inc. (NASDAQ:FELE – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,653 shares of the industrial products company’s stock, valued at approximately $740,000. Several other hedge funds and other institutional investors have also modified their holdings of the stock. Running Oak Capital LLC raised its stake in Franklin Electric by 17.9% during the fourth quarter. Running Oak Capital LLC now owns 92,593 shares of the industrial products company’s stock worth $8,949,000 after acquiring an additional 14,074 shares in the last quarter. GHP Investment Advisors Inc. lifted its holdings in Franklin Electric by 37.7% during the 4th quarter. GHP Investment Advisors Inc. now owns 26,778 shares of the industrial products company’s stock valued at $2,588,000 after purchasing an additional 7,325 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in Franklin Electric by 23.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 24,332 shares of the industrial products company’s stock valued at $2,171,000 after buying an additional 4,582 shares in the last quarter. US Asset Management LLC bought a new stake in Franklin Electric during the fourth quarter worth about $221,000. Finally, Atria Wealth Solutions Inc. acquired a new stake in shares of Franklin Electric during the third quarter worth approximately $767,000. Institutional investors own 79.98% of the company’s stock. Franklin Electric Stock Down 0.4 % NASDAQ FELE opened at $99.95 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.17 and a current ratio of 2.85. Franklin Electric Co., Inc. has a 52 week low of $82.61 and a 52 week high of $107.89. The stock has a market capitalization of $4.61 billion, a P/E ratio of 24.86, a price-to-earnings-growth ratio of 1.95 and a beta of 0.99. The stock has a fifty day moving average of $102.11 and a 200-day moving average of $97.15. Franklin Electric (NASDAQ:FELE – Get Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.04). The firm had revenue of $460.90 million for the quarter, compared to the consensus estimate of $477.64 million. Franklin Electric had a return on equity of 15.86% and a net margin of 9.25%. The business’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.79 earnings per share. On average, equities research analysts forecast that Franklin Electric Co., Inc. will post 4.27 EPS for the current year. Franklin Electric Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Thursday, May 16th. Shareholders of record on Thursday, May 2nd were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.00%. The ex-dividend date was Wednesday, May 1st. Franklin Electric’s payout ratio is 24.88%. Insider Activity In related news, insider Delancey W. Davis sold 2,214 shares of Franklin Electric stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $102.06, for a total transaction of $225,960.84. Following the completion of the sale, the insider now directly owns 8,014 shares of the company’s stock, valued at $817,908.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Gregg C. Sengstack sold 10,366 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $99.96, for a total value of $1,036,185.36. Following the completion of the transaction, the chief executive officer now directly owns 154,993 shares in the company, valued at approximately $15,493,100.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Delancey W. Davis sold 2,214 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $102.06, for a total transaction of $225,960.84. Following the sale, the insider now owns 8,014 shares in the company, valued at $817,908.84. The disclosure for this sale can be found here. 2.72% of the stock is currently owned by company insiders. Wall Street Analysts Forecast Growth FELE has been the topic of several recent analyst reports. StockNews.com downgraded Franklin Electric from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 9th. DA Davidson boosted their price objective on Franklin Electric from $87.00 to $90.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Robert W. Baird raised their target price on Franklin Electric from $91.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, February 14th. Finally, Northcoast Research raised Franklin Electric from a “neutral” rating to a “buy” rating and set a $110.00 price target for the company in a report on Friday, February 23rd. View Our Latest Research Report on FELE Franklin Electric Company Profile (Free Report) 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. See Also Five stocks we like better than Franklin Electric Dividend Screener: How to Evaluate Dividend Stocks Before Buying MarketBeat Week in Review – 5/13 – 5/17 What is the Hang Seng index? Take-Two Interactive Software Offers 2nd Chance for Investors Procter & Gamble (NYSE:PG) Pulls Back After Shaky Guidance Deere & Company’s Q2 Report: Strong Revenue, Cautious Outlook