Proficio Capital Partners LLC Invests $134,000 in Franklin Electric Co., Inc. (NASDAQ:FELE)

Proficio Capital Partners LLC bought a new position in shares of Franklin Electric Co., Inc. (NASDAQ:FELE - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 134,379 shares of the industrial products company's stock, valued at approximately $134,000. Proficio Capital Partners LLC owned 0.29% of Franklin Electric at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in FELE. Geode Capital Management LLC increased its position in Franklin Electric by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,004,057 shares of the industrial products company's stock worth $105,264,000 after buying an additional 9,170 shares during the period. Allianz Asset Management GmbH grew its stake in shares of Franklin Electric by 21.6% in the fourth quarter. Allianz Asset Management GmbH now owns 811,682 shares of the industrial products company's stock valued at $79,098,000 after acquiring an additional 143,917 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Franklin Electric by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 503,775 shares of the industrial products company's stock worth $49,093,000 after acquiring an additional 10,580 shares during the period. KBC Group NV raised its stake in Franklin Electric by 7.3% in the 4th quarter. KBC Group NV now owns 415,179 shares of the industrial products company's stock worth $40,459,000 after purchasing an additional 28,121 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Franklin Electric by 15.9% in the 4th quarter. Bank of New York Mellon Corp now owns 392,080 shares of the industrial products company's stock valued at $38,208,000 after purchasing an additional 53,825 shares during the period. 79.98% of the stock is owned by institutional investors and hedge funds.

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Franklin Electric Stock Performance

Shares of FELE traded up $0.76 during mid-day trading on Wednesday, hitting $95.87. 168,821 shares of the company's stock were exchanged, compared to its average volume of 190,863. The company has a quick ratio of 1.06, a current ratio of 2.22 and a debt-to-equity ratio of 0.01. Franklin Electric Co., Inc. has a 52 week low of $91.67 and a 52 week high of $111.94. The stock's 50-day simple moving average is $100.02 and its 200-day simple moving average is $101.75. The firm has a market cap of $4.39 billion, a price-to-earnings ratio of 24.90, a price-to-earnings-growth ratio of 2.11 and a beta of 0.98.

Franklin Electric (NASDAQ:FELE - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The industrial products company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.03. The firm had revenue of $485.75 million during the quarter, compared to analysts' expectations of $465.87 million. Franklin Electric had a return on equity of 14.46% and a net margin of 8.92%. On average, equities research analysts expect that Franklin Electric Co., Inc. will post 4.19 EPS for the current year.

Franklin Electric Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were given a $0.265 dividend. The ex-dividend date was Thursday, February 6th. This is a boost from Franklin Electric's previous quarterly dividend of $0.25. This represents a $1.06 annualized dividend and a dividend yield of 1.11%. Franklin Electric's payout ratio is presently 27.53%.

Insider Buying and Selling

In other Franklin Electric news, insider Delancey W. Davis sold 961 shares of the company's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $103.14, for a total transaction of $99,117.54. Following the completion of the sale, the insider now directly owns 7,701 shares in the company, valued at $794,281.14. This represents a 11.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.72% of the stock is currently owned by company insiders.

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.