Quantbot Technologies LP boosted its holdings in shares of Franklin Electric Co., Inc. (NASDAQ:FELE - Free Report) by 6,578.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,421 shares of the industrial products company's stock after purchasing an additional 12,235 shares during the period. Quantbot Technologies LP's holdings in Franklin Electric were worth $1,302,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the stock. CWM LLC lifted its position in shares of Franklin Electric by 16.7% during the 3rd quarter. CWM LLC now owns 684 shares of the industrial products company's stock worth $72,000 after buying an additional 98 shares during the period. Covestor Ltd lifted its holdings in shares of Franklin Electric by 15.6% during the third quarter. Covestor Ltd now owns 765 shares of the industrial products company's stock valued at $80,000 after acquiring an additional 103 shares during the period. Blue Trust Inc. boosted its stake in shares of Franklin Electric by 55.7% in the 3rd quarter. Blue Trust Inc. now owns 299 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 107 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of Franklin Electric by 1.0% in the 2nd quarter. Marshall Wace LLP now owns 11,009 shares of the industrial products company's stock worth $1,060,000 after purchasing an additional 109 shares during the last quarter. Finally, Signaturefd LLC increased its position in shares of Franklin Electric by 29.9% during the 3rd quarter. Signaturefd LLC now owns 712 shares of the industrial products company's stock worth $75,000 after purchasing an additional 164 shares in the last quarter. 79.98% of the stock is owned by institutional investors and hedge funds.
Franklin Electric Price Performance
Franklin Electric stock traded up $1.13 on Friday, reaching $108.30. The company's stock had a trading volume of 197,174 shares, compared to its average volume of 184,130. The business's fifty day moving average price is $104.56 and its 200 day moving average price is $100.94. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.06 and a current ratio of 2.40. The company has a market cap of $4.95 billion, a price-to-earnings ratio of 27.42, a PEG ratio of 2.37 and a beta of 0.96. Franklin Electric Co., Inc. has a twelve month low of $87.95 and a twelve month high of $111.94.
Franklin Electric (NASDAQ:FELE - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.17 EPS for the quarter, missing analysts' consensus estimates of $1.27 by ($0.10). Franklin Electric had a return on equity of 15.03% and a net margin of 9.22%. The company had revenue of $531.40 million for the quarter, compared to the consensus estimate of $551.08 million. During the same period in the prior year, the company earned $1.23 EPS. The firm's revenue was down 1.4% compared to the same quarter last year. Equities analysts expect that Franklin Electric Co., Inc. will post 3.81 earnings per share for the current fiscal year.
Franklin Electric Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.92%. The ex-dividend date was Thursday, November 7th. Franklin Electric's dividend payout ratio is 25.32%.
Analysts Set New Price Targets
Separately, Robert W. Baird decreased their price objective on shares of Franklin Electric from $107.00 to $105.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 30th.
Check Out Our Latest Report on Franklin Electric
Insider Buying and Selling at Franklin Electric
In other Franklin Electric news, insider Gregg C. Sengstack sold 1,500 shares of the business's stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $100.22, for a total transaction of $150,330.00. Following the completion of the sale, the insider now directly owns 9,032 shares of the company's stock, valued at approximately $905,187.04. The trade was a 14.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.72% of the company's stock.
Franklin Electric Company Profile
(
Free Report)
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.
Featured Articles
Before you consider Franklin Electric, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Franklin Electric wasn't on the list.
While Franklin Electric currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Keep reading to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
