Franklin Electric Co., Inc. (NASDAQ:FELE) Shares Acquired by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. increased its position in shares of Franklin Electric Co., Inc. (NASDAQ:FELE) by 5.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 62,165 shares of the industrial products company’s stock after acquiring an additional 2,939 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Franklin Electric were worth $6,058,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. KBC Group NV boosted its stake in shares of Franklin Electric by 19.6% during the 3rd quarter. KBC Group NV now owns 387,058 shares of the industrial products company’s stock worth $40,571,000 after acquiring an additional 63,436 shares in the last quarter. Barclays PLC boosted its position in shares of Franklin Electric by 237.3% in the 3rd quarter. Barclays PLC now owns 87,620 shares of the industrial products company’s stock valued at $9,184,000 after purchasing an additional 61,640 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Franklin Electric by 2.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,030,238 shares of the industrial products company’s stock worth $212,810,000 after purchasing an additional 40,248 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Franklin Electric by 26.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 154,305 shares of the industrial products company’s stock worth $16,174,000 after buying an additional 31,937 shares during the period. Finally, Quest Partners LLC lifted its stake in Franklin Electric by 691.6% during the third quarter. Quest Partners LLC now owns 29,970 shares of the industrial products company’s stock valued at $3,141,000 after buying an additional 26,184 shares in the last quarter. 79.98% of the stock is currently owned by institutional investors.

Franklin Electric Stock Performance

Shares of FELE stock opened at $100.69 on Friday. The company has a market capitalization of $4.60 billion, a price-to-earnings ratio of 25.49, a P/E/G ratio of 1.96 and a beta of 1.00. Franklin Electric Co., Inc. has a 1-year low of $91.67 and a 1-year high of $111.94. The company has a current ratio of 2.40, a quick ratio of 1.06 and a debt-to-equity ratio of 0.01. The stock’s fifty day simple moving average is $100.51 and its 200-day simple moving average is $101.74.

Franklin Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th will be paid a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a yield of 1.05%. The ex-dividend date is Thursday, February 6th. This is a boost from Franklin Electric’s previous quarterly dividend of $0.25. Franklin Electric’s payout ratio is 25.32%.

Analysts Set New Price Targets

Separately, Robert W. Baird dropped their target price on shares of Franklin Electric from $107.00 to $105.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th.

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.