GHP Investment Advisors Inc. Grows Stock Holdings in Franklin Electric Co., Inc. (NASDAQ:FELE)

GHP Investment Advisors Inc. lifted its position in shares of Franklin Electric Co., Inc. (NASDAQ:FELE - Free Report) by 5.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 62,165 shares of the industrial products company's stock after buying an additional 2,939 shares during the quarter. GHP Investment Advisors Inc. owned approximately 0.14% of Franklin Electric worth $6,058,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of FELE. Allspring Global Investments Holdings LLC increased its holdings in Franklin Electric by 2.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,030,238 shares of the industrial products company's stock valued at $212,810,000 after acquiring an additional 40,248 shares during the last quarter. Geode Capital Management LLC increased its holdings in Franklin Electric by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,004,057 shares of the industrial products company's stock valued at $105,264,000 after acquiring an additional 9,170 shares during the last quarter. Boston Trust Walden Corp increased its holdings in Franklin Electric by 0.6% in the 3rd quarter. Boston Trust Walden Corp now owns 659,057 shares of the industrial products company's stock valued at $69,082,000 after acquiring an additional 3,847 shares during the last quarter. KBC Group NV increased its holdings 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 valued at $40,459,000 after acquiring an additional 28,121 shares during the last quarter. Finally, Tributary Capital Management LLC increased its holdings in shares of Franklin Electric by 1.2% in the 4th quarter. Tributary Capital Management LLC now owns 181,123 shares of the industrial products company's stock worth $17,650,000 after buying an additional 2,212 shares during the last quarter. Hedge funds and other institutional investors own 79.98% of the company's stock.

Analyst Ratings Changes

Separately, Robert W. Baird reduced their target price on shares of Franklin Electric from $107.00 to $105.00 and set a "neutral" rating on the stock in a report on Wednesday, October 30th.

Franklin Electric Price Performance

Shares of Franklin Electric stock traded up $1.25 during trading hours on Monday, reaching $101.34. The company's stock had a trading volume of 58,208 shares, compared to its average volume of 175,710. The firm has a 50 day moving average price of $100.22 and a 200-day moving average price of $101.72. Franklin Electric Co., Inc. has a one year low of $91.67 and a one year high of $111.94. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.40 and a quick ratio of 1.06. The stock has a market cap of $4.63 billion, a P/E ratio of 25.66, a P/E/G ratio of 1.97 and a beta of 1.00.

Franklin Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 6th will be issued a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a yield of 1.05%. This is an increase from Franklin Electric's previous quarterly dividend of $0.25. The ex-dividend date is Thursday, February 6th. Franklin Electric's dividend payout ratio is presently 26.84%.

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.