Y Intercept Hong Kong Ltd Buys Shares of 6,778 Franklin Electric Co., Inc. (NASDAQ:FELE)

Y Intercept Hong Kong Ltd acquired a new position in shares of Franklin Electric Co., Inc. (NASDAQ:FELE - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 6,778 shares of the industrial products company's stock, valued at approximately $661,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Blue Trust Inc. raised its holdings in shares of Franklin Electric by 55.7% in the third quarter. Blue Trust Inc. now owns 299 shares of the industrial products company's stock worth $29,000 after acquiring an additional 107 shares during the last quarter. Spire Wealth Management acquired a new position in Franklin Electric in the 4th quarter valued at about $29,000. Trust Co. of Vermont acquired a new stake in shares of Franklin Electric during the 4th quarter worth about $40,000. Point72 DIFC Ltd purchased a new stake in shares of Franklin Electric during the third quarter worth about $77,000. Finally, Covestor Ltd raised its position in shares of Franklin Electric by 15.6% in the third quarter. Covestor Ltd now owns 765 shares of the industrial products company's stock valued at $80,000 after buying an additional 103 shares during the last quarter. Hedge funds and other institutional investors own 79.98% of the company's stock.

Franklin Electric Trading Down 0.8 %

NASDAQ FELE traded down $0.78 during mid-day trading on Tuesday, reaching $100.09. 130,696 shares of the stock were exchanged, compared to its average volume of 202,035. The stock has a market capitalization of $4.58 billion, a PE ratio of 25.98, a PEG ratio of 2.11 and a beta of 1.00. 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 Co., Inc. has a 1-year low of $91.67 and a 1-year high of $111.94. The business's fifty day simple moving average is $99.54 and its 200 day simple moving average is $101.94.

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Franklin Electric (NASDAQ:FELE - Get Free Report) last released 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. 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 for the quarter, compared to analyst estimates of $465.87 million. On average, research analysts anticipate that Franklin Electric Co., Inc. will post 4.19 earnings per share for the current fiscal year.

Franklin Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were given a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend was Thursday, February 6th. This is an increase from Franklin Electric's previous quarterly dividend of $0.25. Franklin Electric's dividend payout ratio is currently 27.53%.

Insider Activity at Franklin Electric

In related news, insider Delancey W. Davis sold 961 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $103.14, for a total value of $99,117.54. Following the sale, the insider now directly owns 7,701 shares in the company, valued at $794,281.14. This trade represents a 11.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.