Trexquant Investment LP Acquires New Stake in Franklin Electric Co., Inc. (NASDAQ:FELE)

Trexquant Investment LP acquired a new position in shares of Franklin Electric Co., Inc. (NASDAQ:FELE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 14,728 shares of the industrial products company's stock, valued at approximately $1,435,000.

Several other large investors have also recently bought and sold shares of FELE. Spire Wealth Management acquired a new position in shares of Franklin Electric during the fourth quarter valued at $29,000. Trust Co. of Vermont acquired a new position in Franklin Electric during the 4th quarter valued at about $40,000. Blue Trust Inc. boosted its stake in shares of 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 purchasing an additional 198 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Franklin Electric by 189.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 642 shares of the industrial products company's stock worth $62,000 after buying an additional 420 shares during the last quarter. Finally, ORG Partners LLC lifted its holdings in Franklin Electric by 150.2% in the fourth quarter. ORG Partners LLC now owns 833 shares of the industrial products company's stock valued at $81,000 after buying an additional 500 shares during the period. Institutional investors and hedge funds own 79.98% of the company's stock.

Insider Transactions at Franklin Electric

In other Franklin Electric news, insider Delancey W. Davis sold 961 shares of the business'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 transaction, the insider now directly owns 7,701 shares of the company's stock, valued at approximately $794,281.14. The trade was a 11.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.72% of the company's stock.

Remove Ads

Franklin Electric Trading Up 1.0 %

Shares of Franklin Electric stock traded up $0.91 on Tuesday, hitting $90.04. 23,425 shares of the company's stock traded hands, compared to its average volume of 198,621. Franklin Electric Co., Inc. has a one year low of $82.69 and a one 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. The stock has a market capitalization of $4.12 billion, a PE ratio of 23.33, a price-to-earnings-growth ratio of 2.11 and a beta of 1.02. The firm's 50-day moving average price is $97.78 and its two-hundred day moving average price is $100.76.

Franklin Electric (NASDAQ:FELE - Get Free Report) last issued its earnings results on Tuesday, February 18th. The industrial products company reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 return on equity of 14.46% and a net margin of 8.92%. On average, research analysts expect that Franklin Electric Co., Inc. will post 4.19 EPS for the current fiscal year.

Franklin Electric Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were issued a $0.265 dividend. The ex-dividend date was Thursday, February 6th. This is a positive change from Franklin Electric's previous quarterly dividend of $0.25. This represents a $1.06 annualized dividend and a yield of 1.18%. Franklin Electric's dividend payout ratio (DPR) 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.