Intech Investment Management LLC Buys 8,889 Shares of Franklin Electric Co., Inc. (NASDAQ:FELE)

Intech Investment Management LLC boosted its position in Franklin Electric Co., Inc. (NASDAQ:FELE) by 420.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,001 shares of the industrial products company’s stock after purchasing an additional 8,889 shares during the period. Intech Investment Management LLC’s holdings in Franklin Electric were worth $1,153,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of FELE. Blue Trust Inc. lifted its position in shares of Franklin Electric by 55.7% during the 3rd quarter. Blue Trust Inc. now owns 299 shares of the industrial products company’s stock valued at $29,000 after buying an additional 107 shares during the last quarter. ORG Partners LLC purchased a new stake in Franklin Electric during the second quarter valued at about $36,000. GAMMA Investing LLC boosted its position in Franklin Electric by 130.6% during the second quarter. GAMMA Investing LLC now owns 724 shares of the industrial products company’s stock worth $70,000 after purchasing an additional 410 shares during the period. CWM LLC increased its stake in shares of Franklin Electric by 16.7% in the third quarter. CWM LLC now owns 684 shares of the industrial products company’s stock worth $72,000 after purchasing an additional 98 shares in the last quarter. Finally, USA Financial Formulas bought a new stake in shares of Franklin Electric in the third quarter valued at approximately $74,000. 79.98% of the stock is owned by institutional investors.

Insider Activity at Franklin Electric

In other Franklin Electric news, insider Gregg C. Sengstack sold 1,500 shares of Franklin Electric stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $100.22, for a total transaction of $150,330.00. Following the completion of the sale, the insider now directly owns 9,032 shares in the company, valued at $905,187.04. The trade was a 14.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.72% of the stock is owned by corporate insiders.

Franklin Electric Stock Down 2.1 %

FELE stock opened at $108.04 on Wednesday. The stock has a 50-day simple moving average of $104.26 and a two-hundred day simple moving average of $100.81. Franklin Electric Co., Inc. has a twelve month low of $87.65 and a twelve month high of $111.94. The firm has a market capitalization of $4.94 billion, a PE ratio of 27.35, a PEG ratio of 2.39 and a beta of 0.96. The company has a quick ratio of 1.06, a current ratio of 2.40 and a debt-to-equity ratio of 0.01.

Franklin Electric (NASDAQ:FELE) last issued its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.10). Franklin Electric had a net margin of 9.22% and a return on equity of 15.03%. The firm had revenue of $531.40 million for the quarter, compared to analysts’ expectations of $551.08 million. During the same period in the prior year, the firm posted $1.23 EPS. Franklin Electric’s revenue was down 1.4% on a year-over-year basis. On average, equities analysts predict that Franklin Electric Co., Inc. will post 3.81 EPS for the current fiscal year.

Franklin Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 7th were given a $0.25 dividend. The ex-dividend date was Thursday, November 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.93%. Franklin Electric’s dividend payout ratio (DPR) is presently 25.32%.

Wall Street Analyst Weigh In

Separately, Robert W. Baird reduced their price objective on shares of Franklin Electric from $107.00 to $105.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th.

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.