Kennedy Capital Management LLC Acquires New Shares in Franklin Electric Co., Inc. (NASDAQ:FELE)

Kennedy Capital Management LLC acquired a new stake in Franklin Electric Co., Inc. (NASDAQ:FELE - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 58,235 shares of the industrial products company's stock, valued at approximately $5,675,000. Kennedy Capital Management LLC owned about 0.13% of Franklin Electric as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Spire Wealth Management bought a new stake in Franklin Electric in the fourth quarter valued at about $29,000. Trust Co. of Vermont acquired a new stake in shares of Franklin Electric in the 4th quarter valued at approximately $40,000. Blue Trust Inc. grew its holdings in Franklin Electric by 66.2% during the fourth 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 period. Smartleaf Asset Management LLC increased its stake in Franklin Electric by 189.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 642 shares of the industrial products company's stock valued at $62,000 after purchasing an additional 420 shares in the last quarter. Finally, ORG Partners LLC raised 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 worth $81,000 after purchasing an additional 500 shares during the period. Institutional investors and hedge funds own 79.98% of the company's stock.

Franklin Electric Trading Down 0.2 %

Shares of FELE traded down $0.22 during trading hours on Tuesday, reaching $88.91. The stock had a trading volume of 221,467 shares, compared to its average volume of 199,451. The firm has a 50-day moving average of $97.78 and a 200 day moving average of $100.76. The company has a quick ratio of 1.06, a current ratio of 2.22 and a debt-to-equity ratio of 0.01. The company has a market cap of $4.07 billion, a P/E ratio of 23.09, a P/E/G ratio of 2.11 and a beta of 1.02. Franklin Electric Co., Inc. has a 52 week low of $82.69 and a 52 week high of $111.94.

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

Franklin Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were given a dividend of $0.265 per share. 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 1.19%. The ex-dividend date was Thursday, February 6th. Franklin Electric's dividend payout ratio is currently 27.53%.

Insider Transactions at Franklin Electric

In related news, insider Delancey W. Davis sold 961 shares of the firm's stock in a transaction dated Wednesday, February 26th. The shares were 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 directly owns 7,701 shares in the company, 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 is accessible through the SEC website. Company insiders own 2.72% of the company's stock.

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.