F M Investments LLC Sells 64,222 Shares of Franklin Electric Co., Inc. (NASDAQ:FELE)

F M Investments LLC reduced its holdings in shares of Franklin Electric Co., Inc. (NASDAQ:FELE) by 67.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 30,741 shares of the industrial products company’s stock after selling 64,222 shares during the period. F M Investments LLC’s holdings in Franklin Electric were worth $2,996,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC grew its stake in Franklin Electric by 19.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,800 shares of the industrial products company’s stock worth $293,000 after purchasing an additional 451 shares in the last quarter. CIBC Asset Management Inc purchased a new position in shares of Franklin Electric in the 4th quarter valued at $241,000. JPMorgan Chase & Co. raised its position in shares of Franklin Electric by 26.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 154,305 shares of the industrial products company’s stock worth $16,174,000 after acquiring an additional 31,937 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Franklin Electric by 9.9% during the 3rd quarter. Franklin Resources Inc. now owns 10,111 shares of the industrial products company’s stock worth $1,076,000 after purchasing an additional 914 shares during the last quarter. Finally, GHP Investment Advisors Inc. boosted its position in Franklin Electric by 5.0% during the fourth quarter. GHP Investment Advisors Inc. now owns 62,165 shares of the industrial products company’s stock valued at $6,058,000 after purchasing an additional 2,939 shares in the last quarter. Hedge funds and other institutional investors own 79.98% of the company’s stock.

Franklin Electric Price Performance

FELE opened at $88.56 on Friday. The firm has a market capitalization of $4.05 billion, a PE ratio of 23.00, a price-to-earnings-growth ratio of 2.11 and a beta of 1.02. The business’s 50-day moving average is $98.22 and its two-hundred day moving average is $100.99. Franklin Electric Co., Inc. has a 1 year low of $82.69 and a 1 year high of $111.94. 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 quarterly earnings data 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 during the quarter, compared to analyst estimates of $465.87 million. Franklin Electric had a net margin of 8.92% and a return on equity of 14.46%. Research analysts anticipate 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. Stockholders of record on Thursday, February 6th were given a $0.265 dividend. This is a boost from Franklin Electric’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 1.20%. Franklin Electric’s dividend payout ratio (DPR) is presently 27.53%.

Insider Buying and Selling

In other Franklin Electric news, insider Delancey W. Davis sold 961 shares of the firm’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 completion of the sale, the insider now owns 7,701 shares of the company’s stock, valued at approximately $794,281.14. This trade represents a 11.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.72% of the stock is owned by company insiders.

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.