Franklin Electric (NASDAQ:FELE) Sets New 1-Year Low – Should You Sell?

Franklin Electric Co., Inc. (NASDAQ:FELE) shares reached a new 52-week low on Thursday . The company traded as low as $90.73 and last traded at $91.07, with a volume of 107852 shares. The stock had previously closed at $95.87.

Franklin Electric Trading Down 4.1 %

The stock has a market capitalization of $4.21 billion, a P/E ratio of 23.89, a price-to-earnings-growth ratio of 2.11 and a beta of 0.98. The business has a 50 day simple moving average of $100.02 and a 200-day simple moving average of $101.75. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.06 and a current ratio of 2.22.

Franklin Electric (NASDAQ:FELE) last issued its quarterly earnings results on Tuesday, February 18th. The industrial products company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.03. The company had revenue of $485.75 million during the quarter, compared to the consensus estimate of $465.87 million. Franklin Electric had a net margin of 8.92% and a return on equity of 14.46%. On average, analysts predict that Franklin Electric Co., Inc. will post 4.19 EPS 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 given a $0.265 dividend. This is a positive change 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 yield of 1.15%. Franklin Electric’s payout ratio is 27.53%.

Insider Buying and Selling

In related news, insider Delancey W. Davis sold 961 shares of Franklin Electric 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 transaction, 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.72% of the company’s stock.

Institutional Trading of Franklin Electric

Several hedge funds and other institutional investors have recently modified their holdings of the business. Spire Wealth Management bought a new position in shares of Franklin Electric during the 4th quarter valued at $29,000. Trust Co. of Vermont bought a new position in Franklin Electric during the fourth quarter valued at about $40,000. Blue Trust Inc. raised 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 acquiring an additional 198 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Franklin Electric in the 4th quarter worth approximately $52,000. Finally, Smartleaf Asset Management LLC lifted its position in shares of Franklin Electric by 189.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 642 shares of the industrial products company’s stock worth $62,000 after acquiring an additional 420 shares during the period. Institutional investors and hedge funds own 79.98% of the company’s stock.

About Franklin Electric

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.