Inspire Investing LLC Grows Holdings in Franklin Electric Co., Inc. (NASDAQ:FELE)

Inspire Investing LLC raised its position in Franklin Electric Co., Inc. (NASDAQ:FELE) by 4.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,192 shares of the industrial products company’s stock after buying an additional 164 shares during the period. Inspire Investing LLC’s holdings in Franklin Electric were worth $409,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Van ECK Associates Corp increased its position in shares of Franklin Electric by 40.0% during the third quarter. Van ECK Associates Corp now owns 24,818 shares of the industrial products company’s stock valued at $2,532,000 after acquiring an additional 7,092 shares during the last quarter. Intech Investment Management LLC increased its position in shares of Franklin Electric by 420.9% during the 3rd quarter. Intech Investment Management LLC now owns 11,001 shares of the industrial products company’s stock valued at $1,153,000 after purchasing an additional 8,889 shares during the last quarter. Blue Trust Inc. raised its stake 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 worth $29,000 after purchasing an additional 107 shares during the period. PDT Partners LLC boosted its holdings in shares of Franklin Electric by 241.8% in the 3rd quarter. PDT Partners LLC now owns 12,029 shares of the industrial products company’s stock worth $1,261,000 after buying an additional 8,510 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in Franklin Electric by 19.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,800 shares of the industrial products company’s stock valued at $293,000 after buying an additional 451 shares during the period. Institutional investors own 79.98% of the company’s stock.

Insider Activity at Franklin Electric

In related news, insider Gregg C. Sengstack sold 1,500 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $100.22, for a total transaction of $150,330.00. Following the sale, the insider now owns 9,032 shares of the company’s stock, valued at approximately $905,187.04. This represents a 14.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.72% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

Franklin Electric Stock Performance

Shares of FELE opened at $98.57 on Friday. Franklin Electric Co., Inc. has a 1 year low of $91.67 and a 1 year high of $111.94. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.40 and a quick ratio of 1.06. The stock’s fifty day moving average price is $101.73 and its two-hundred day moving average price is $101.83. The firm has a market cap of $4.50 billion, a PE ratio of 24.95, a PEG ratio of 1.93 and a beta of 1.00.

Franklin Electric (NASDAQ:FELE) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.10). The firm had revenue of $531.40 million during the quarter, compared to the consensus estimate of $551.08 million. Franklin Electric had a net margin of 9.22% and a return on equity of 15.03%. The company’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.23 earnings per share. On average, equities research analysts forecast that Franklin Electric Co., Inc. will post 3.81 EPS for the current 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 issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend was Thursday, November 7th. Franklin Electric’s dividend payout ratio (DPR) is presently 25.32%.

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.