BHK Investment Advisors LLC Purchases 125 Shares of Franklin Electric Co., Inc. (NASDAQ:FELE)

BHK Investment Advisors LLC increased its position in Franklin Electric Co., Inc. (NASDAQ:FELE) by 2.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 5,139 shares of the industrial products company’s stock after buying an additional 125 shares during the quarter. BHK Investment Advisors LLC’s holdings in Franklin Electric were worth $501,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of FELE. Blue Trust Inc. grew its holdings in shares of Franklin Electric by 55.7% during the third 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. Spire Wealth Management bought a new position in Franklin Electric in the 4th quarter valued at about $29,000. Trust Co. of Vermont bought a new stake in Franklin Electric during the 4th quarter worth approximately $40,000. CWM LLC increased its holdings in Franklin Electric by 16.7% during the 3rd 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, Signaturefd LLC lifted its holdings in shares of Franklin Electric by 29.9% in the third quarter. Signaturefd LLC now owns 712 shares of the industrial products company’s stock valued at $75,000 after purchasing an additional 164 shares in the last quarter. Institutional investors own 79.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird decreased their price target on Franklin Electric from $107.00 to $105.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th.

Franklin Electric Stock Down 0.4 %

FELE opened at $103.81 on Tuesday. Franklin Electric Co., Inc. has a fifty-two week low of $91.67 and a fifty-two week high of $111.94. The firm has a market capitalization of $4.74 billion, a P/E ratio of 26.96, a PEG ratio of 2.11 and a beta of 1.00. The company’s 50-day moving average is $99.29 and its 200 day moving average is $101.81. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.22 and a quick ratio of 1.06.

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

Franklin Electric Increases Dividend

The firm 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 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date 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 27.53%.

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.