Franklin Electric Co., Inc. (NASDAQ:FELE) Shares Purchased by Captrust Financial Advisors

Captrust Financial Advisors boosted its holdings in shares of Franklin Electric Co., Inc. (NASDAQ:FELE) by 0.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,879 shares of the industrial products company’s stock after acquiring an additional 137 shares during the period. Captrust Financial Advisors’ holdings in Franklin Electric were worth $3,107,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its position in shares of Franklin Electric by 19.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,800 shares of the industrial products company’s stock worth $293,000 after purchasing an additional 451 shares during the last quarter. CIBC Asset Management Inc acquired a new position in shares of Franklin Electric in the fourth quarter worth $241,000. JPMorgan Chase & Co. lifted its position in shares of Franklin Electric by 26.1% in the third quarter. JPMorgan Chase & Co. now owns 154,305 shares of the industrial products company’s stock valued at $16,174,000 after acquiring an additional 31,937 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Franklin Electric by 9.9% during the third quarter. Franklin Resources Inc. now owns 10,111 shares of the industrial products company’s stock valued at $1,076,000 after acquiring an additional 914 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Franklin Electric by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 503,775 shares of the industrial products company’s stock worth $49,093,000 after purchasing an additional 10,580 shares in the last quarter. Hedge funds and other institutional investors own 79.98% of the company’s stock.

Wall Street Analysts Forecast Growth

FELE has been the topic of a number of recent research reports. Robert W. Baird decreased their price target on shares of Franklin Electric from $111.00 to $94.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 30th. StockNews.com lowered shares of Franklin Electric from a “buy” rating to a “hold” rating in a research report on Thursday, May 1st.

Franklin Electric Stock Performance

NASDAQ FELE opened at $86.93 on Friday. The business’s 50-day moving average price is $92.06 and its 200 day moving average price is $98.51. 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 Co., Inc. has a twelve month low of $78.87 and a twelve month high of $111.94. The company has a market capitalization of $3.98 billion, a PE ratio of 22.58, a price-to-earnings-growth ratio of 2.11 and a beta of 1.08.

Franklin Electric (NASDAQ:FELE) last released its earnings results on Tuesday, April 29th. The industrial products company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.06). Franklin Electric had a return on equity of 14.46% and a net margin of 8.92%. The company had revenue of $455.25 million during the quarter, compared to analyst estimates of $471.21 million. During the same period in the prior year, the business posted $0.70 earnings per share. Franklin Electric’s revenue was down 1.2% on a year-over-year basis. On average, research analysts predict that Franklin Electric Co., Inc. will post 4.19 earnings per share for the current year.

Franklin Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be given a $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Thursday, May 8th. Franklin Electric’s dividend payout ratio (DPR) is currently 27.75%.

Insider Activity at Franklin Electric

In other news, insider Delancey W. Davis sold 961 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $103.14, for a total value of $99,117.54. Following the transaction, the insider now directly owns 7,701 shares in the company, valued at $794,281.14. This trade represents a 11.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.72% of the stock is owned by 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.