Franklin Electric Co., Inc. (NASDAQ:FELE - Get Free Report) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $90.73 and last traded at $91.07, with a volume of 107852 shares changing hands. The stock had previously closed at $95.87.
Franklin Electric Trading Down 1.5 %
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 firm has a market cap of $3.86 billion, a price-to-earnings ratio of 21.87, a PEG ratio of 2.11 and a beta of 1.02. The company has a 50-day moving average price of $99.37 and a 200 day moving average price of $101.49.
Franklin Electric (NASDAQ:FELE - Get Free Report) last released its earnings results 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. The company 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%. As a group, 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 business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were paid a dividend of $0.265 per share. The ex-dividend date was Thursday, February 6th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 1.26%. This is a positive change from Franklin Electric's previous quarterly dividend of $0.25. Franklin Electric's dividend payout ratio (DPR) is 27.53%.
Insider Buying and Selling
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 shares were sold at an average price of $103.14, for a total transaction of $99,117.54. Following the transaction, the insider now owns 7,701 shares of the company's stock, valued at approximately $794,281.14. This trade represents a 11.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.72% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. Rhumbline Advisers increased its position in Franklin Electric by 0.6% during the first quarter. Rhumbline Advisers now owns 145,910 shares of the industrial products company's stock worth $13,698,000 after buying an additional 906 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Franklin Electric by 13,673.1% during the 1st quarter. GAMMA Investing LLC now owns 192,548 shares of the industrial products company's stock worth $18,076,000 after acquiring an additional 191,150 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Franklin Electric by 30.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,059 shares of the industrial products company's stock valued at $298,000 after acquiring an additional 710 shares during the last quarter. Brucke Financial Inc. bought a new position in shares of Franklin Electric in the 4th quarter valued at approximately $306,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Franklin Electric in the 4th quarter worth approximately $52,000. Institutional investors own 79.98% of the company's stock.
Franklin Electric Company Profile
(
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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.
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