Haven Private LLC Buys New Shares in Franklin Electric Co., Inc. (NASDAQ:FELE)

Haven Private LLC acquired a new stake in shares of Franklin Electric Co., Inc. (NASDAQ:FELE - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 4,814 shares of the industrial products company's stock, valued at approximately $469,000.

A number of other hedge funds have also recently bought and sold shares of FELE. Spire Wealth Management bought a new position in shares of Franklin Electric in the fourth quarter valued at approximately $29,000. Trust Co. of Vermont bought a new position in Franklin Electric in the 4th quarter valued at $40,000. Blue Trust Inc. increased its position in shares of Franklin Electric by 66.2% during the 4th quarter. Blue Trust Inc. now owns 497 shares of the industrial products company's stock valued at $52,000 after purchasing an additional 198 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Franklin Electric by 189.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 642 shares of the industrial products company's stock valued at $62,000 after purchasing an additional 420 shares during the last quarter. Finally, Point72 DIFC Ltd bought a new stake in shares of Franklin Electric during the 3rd quarter worth $77,000. 79.98% of the stock is owned by hedge funds and other institutional investors.

Franklin Electric Stock Performance

FELE traded up $0.28 during trading on Tuesday, hitting $100.78. 262,884 shares of the company traded hands, compared to its average volume of 208,345. The firm has a market cap of $4.61 billion, a P/E ratio of 26.18, a price-to-earnings-growth ratio of 2.11 and a beta of 0.98. The company has a quick ratio of 1.06, a current ratio of 2.22 and a debt-to-equity ratio of 0.01. Franklin Electric Co., Inc. has a one year low of $91.67 and a one year high of $111.94. The stock's fifty day moving average is $99.77 and its 200 day moving average is $101.97.

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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 analysts' consensus estimates of $0.69 by $0.03. The firm had revenue of $485.75 million during the quarter, compared to the consensus estimate of $465.87 million. Franklin Electric had a net margin of 8.92% and a return on equity of 14.46%. As a group, equities analysts predict that Franklin Electric Co., Inc. will post 4.19 EPS for the current fiscal year.

Franklin Electric Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were issued a dividend of $0.265 per share. This is a boost from Franklin Electric's previous quarterly dividend of $0.25. The ex-dividend date was Thursday, February 6th. This represents a $1.06 dividend on an annualized basis and a yield of 1.05%. Franklin Electric's payout ratio is presently 27.53%.

Insiders Place Their Bets

In other news, insider Delancey W. Davis sold 961 shares of the company's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $103.14, for a total transaction of $99,117.54. Following the sale, the insider now directly owns 7,701 shares in the company, valued at $794,281.14. This represents a 11.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 2.72% of the company's stock.

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.