Franklin Electric Co., Inc. (NASDAQ:FELE) Insider Delancey W. Davis Sells 961 Shares

Franklin Electric Co., Inc. (NASDAQ:FELE) insider Delancey W. Davis sold 961 shares of the company’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 of the company’s stock, valued at approximately $794,281.14. This represents a 11.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Franklin Electric Stock Up 0.5 %

Shares of NASDAQ FELE traded up $0.52 during midday trading on Friday, hitting $101.75. 46,584 shares of the company’s stock were exchanged, compared to its average volume of 197,301. The firm’s fifty day simple moving average is $99.40 and its 200-day simple moving average is $101.85. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.22 and a quick ratio of 1.06. The company has a market cap of $4.65 billion, a PE ratio of 26.39, a P/E/G ratio of 2.11 and a beta of 1.00. Franklin Electric Co., Inc. has a twelve month low of $91.67 and a twelve month high of $111.94.

Franklin Electric (NASDAQ:FELE) last released its quarterly earnings data on Tuesday, February 18th. The industrial products company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.03. Franklin Electric had a net margin of 8.92% and a return on equity of 14.46%. The company had revenue of $485.75 million for the quarter, compared to analysts’ expectations of $465.87 million. Research analysts predict that Franklin Electric Co., Inc. will post 4.19 EPS for the current fiscal year.

Franklin Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were paid a $0.265 dividend. This represents a $1.06 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend was Thursday, February 6th. This is an increase from Franklin Electric’s previous quarterly dividend of $0.25. Franklin Electric’s dividend payout ratio is currently 27.53%.

Hedge Funds Weigh In On Franklin Electric

Several hedge funds have recently made changes to their positions in the company. Norges Bank acquired a new position in Franklin Electric during the fourth quarter worth approximately $56,968,000. Allianz Asset Management GmbH boosted its holdings in shares of Franklin Electric by 21.6% in the fourth quarter. Allianz Asset Management GmbH now owns 811,682 shares of the industrial products company’s stock valued at $79,098,000 after acquiring an additional 143,917 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of Franklin Electric during the fourth quarter worth approximately $134,000. JPMorgan Chase & Co. increased its holdings in shares of Franklin Electric by 60.1% in the 4th quarter. JPMorgan Chase & Co. now owns 247,098 shares of the industrial products company’s stock valued at $24,080,000 after acquiring an additional 92,793 shares during the period. Finally, Wealthfront Advisers LLC purchased a new stake in Franklin Electric in the 4th quarter valued at $8,046,000. Hedge funds and other institutional investors own 79.98% of the company’s stock.

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.