Shares of Franklin Electric Co., Inc. (NASDAQ:FELE - Get Free Report) reached a new 52-week low on Wednesday . The company traded as low as $83.24 and last traded at $84.21, with a volume of 309583 shares. The stock had previously closed at $85.51.
Franklin Electric Trading Up 0.4 %
The company has a debt-to-equity ratio of 0.01, a current ratio of 2.22 and a quick ratio of 1.06. The firm has a fifty day simple moving average of $98.01 and a 200-day simple moving average of $100.87. The firm has a market cap of $4.11 billion, a P/E ratio of 23.30, a price-to-earnings-growth ratio of 2.11 and a beta of 1.02.
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 analysts' consensus estimates of $0.69 by $0.03. The firm had revenue of $485.75 million for the quarter, compared to analyst estimates of $465.87 million. Franklin Electric had a net margin of 8.92% and a return on equity of 14.46%. On average, equities research analysts expect that Franklin Electric Co., Inc. will post 4.19 earnings per share for the current year.
Franklin Electric Increases Dividend
The company also recently declared 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 is a positive change from Franklin Electric's previous quarterly dividend of $0.25. This represents a $1.06 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date was Thursday, February 6th. Franklin Electric's dividend payout ratio (DPR) is presently 27.53%.
Insider Buying and Selling at Franklin Electric
In other Franklin Electric news, insider Delancey W. Davis sold 961 shares of the company's stock in a transaction 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 completion of the transaction, the insider now owns 7,701 shares in the company, valued at $794,281.14. This represents a 11.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.72% of the company's stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC raised its stake in shares of Franklin Electric by 49.4% in the third quarter. FMR LLC now owns 7,588 shares of the industrial products company's stock valued at $795,000 after buying an additional 2,508 shares during the period. Verition Fund Management LLC purchased a new stake in shares of Franklin Electric in the third quarter worth about $234,000. HighTower Advisors LLC grew its stake in Franklin Electric by 4.9% during the third quarter. HighTower Advisors LLC now owns 5,165 shares of the industrial products company's stock valued at $539,000 after acquiring an additional 241 shares in the last quarter. Quantinno Capital Management LP lifted its stake in Franklin Electric by 7.1% in the 3rd quarter. Quantinno Capital Management LP now owns 3,734 shares of the industrial products company's stock worth $391,000 after purchasing an additional 248 shares in the last quarter. Finally, MML Investors Services LLC grew its position in shares of Franklin Electric by 2.6% during the 3rd quarter. MML Investors Services LLC now owns 6,048 shares of the industrial products company's stock valued at $634,000 after purchasing an additional 156 shares in the last quarter. 79.98% of the stock is currently owned by hedge funds and other institutional investors.
Franklin Electric Company Profile
(
Get 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
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
