GHP Investment Advisors Inc. raised its holdings in Franklin Electric Co., Inc. (NASDAQ:FELE - Free Report) by 20.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,226 shares of the industrial products company's stock after acquiring an additional 10,224 shares during the period. GHP Investment Advisors Inc. owned about 0.13% of Franklin Electric worth $6,208,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of FELE. Blue Trust Inc. boosted its stake in shares of Franklin Electric by 55.7% during the third 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. ORG Partners LLC acquired a new stake in shares of Franklin Electric during the second quarter valued at about $36,000. GAMMA Investing LLC boosted its stake in shares of Franklin Electric by 130.6% during the second quarter. GAMMA Investing LLC now owns 724 shares of the industrial products company's stock valued at $70,000 after purchasing an additional 410 shares in the last quarter. CWM LLC boosted its stake in shares of Franklin Electric by 16.7% during the third quarter. CWM LLC now owns 684 shares of the industrial products company's stock valued at $72,000 after purchasing an additional 98 shares in the last quarter. Finally, USA Financial Formulas acquired a new stake in shares of Franklin Electric during the third quarter valued at about $74,000. Institutional investors own 79.98% of the company's stock.
Franklin Electric Trading Down 0.3 %
Shares of FELE stock traded down $0.29 during mid-day trading on Friday, reaching $101.60. 88,292 shares of the stock traded hands, compared to its average volume of 138,860. The stock's fifty day simple moving average is $101.94 and its two-hundred day simple moving average is $100.22. Franklin Electric Co., Inc. has a 1-year low of $83.71 and a 1-year high of $108.39. The company has a market cap of $4.68 billion, a price-to-earnings ratio of 25.27, a price-to-earnings-growth ratio of 2.02 and a beta of 0.95. The company has a quick ratio of 1.14, a current ratio of 2.65 and a debt-to-equity ratio of 0.07.
Insider Buying and Selling
In related news, insider Gregg C. Sengstack sold 5,396 shares of Franklin Electric stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $106.64, for a total value of $575,429.44. Following the transaction, the insider now directly owns 98,093 shares of the company's stock, valued at $10,460,637.52. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Gregg C. Sengstack sold 5,000 shares of Franklin Electric stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $103.87, for a total value of $519,350.00. Following the transaction, the insider now directly owns 108,489 shares of the company's stock, valued at $11,268,752.43. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gregg C. Sengstack sold 5,396 shares of Franklin Electric stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $106.64, for a total value of $575,429.44. Following the completion of the transaction, the insider now directly owns 98,093 shares in the company, valued at approximately $10,460,637.52. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.72% of the stock is owned by insiders.
Franklin Electric 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.
See Also
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
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
