Intech Investment Management LLC Grows Stock Position in Franklin Electric Co., Inc. (NASDAQ:FELE)

Intech Investment Management LLC increased its position in shares of Franklin Electric Co., Inc. (NASDAQ:FELE) by 196.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 32,577 shares of the industrial products company’s stock after purchasing an additional 21,576 shares during the quarter. Intech Investment Management LLC’s holdings in Franklin Electric were worth $3,175,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in FELE. Spire Wealth Management purchased a new stake in shares of Franklin Electric during the 4th quarter valued at approximately $29,000. Trust Co. of Vermont acquired a new stake in Franklin Electric in the 4th quarter valued at approximately $40,000. Blue Trust Inc. increased its holdings in Franklin Electric by 66.2% in the 4th quarter. Blue Trust Inc. now owns 497 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 198 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in Franklin Electric by 189.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 642 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 420 shares during the last quarter. Finally, Point72 DIFC Ltd acquired a new stake in Franklin Electric in the 3rd quarter valued at approximately $77,000. Hedge funds and other institutional investors own 79.98% of the company’s stock.

Franklin Electric Stock Up 0.4 %

Franklin Electric stock opened at $99.57 on Thursday. Franklin Electric Co., Inc. has a fifty-two week low of $91.67 and a fifty-two week high of $111.94. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.06 and a current ratio of 2.22. The firm has a 50 day moving average price of $100.26 and a 200 day moving average price of $101.82. The company has a market capitalization of $4.55 billion, a PE ratio of 25.86, a price-to-earnings-growth ratio of 2.11 and a beta of 0.98.

Franklin Electric (NASDAQ:FELE) last posted its earnings results on Tuesday, February 18th. The industrial products company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.03. Franklin Electric had a net margin of 8.92% and a return on equity of 14.46%. The firm had revenue of $485.75 million during the quarter, compared to the consensus estimate of $465.87 million. Research analysts expect that Franklin Electric Co., Inc. will post 4.19 earnings per share for the current year.

Franklin Electric Increases Dividend

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

Insiders Place Their Bets

In other Franklin Electric news, insider Delancey W. Davis sold 961 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $103.14, for a total value of $99,117.54. Following the completion of the transaction, the insider now owns 7,701 shares in the company, valued at $794,281.14. The trade was a 11.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.72% of the company’s stock.

Franklin Electric 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.