Franklin Electric Co., Inc. (NASDAQ:FELE) Shares Sold by Tributary Capital Management LLC

Tributary Capital Management LLC reduced its stake in shares of Franklin Electric Co., Inc. (NASDAQ:FELE - Free Report) by 20.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 178,911 shares of the industrial products company's stock after selling 46,594 shares during the quarter. Tributary Capital Management LLC owned approximately 0.39% of Franklin Electric worth $18,753,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. lifted its stake in shares of Franklin Electric by 55.7% during the 3rd quarter. Blue Trust Inc. now owns 299 shares of the industrial products company's stock worth $29,000 after purchasing an additional 107 shares during the last quarter. ORG Partners LLC purchased a new stake in Franklin Electric in the second quarter valued at about $36,000. GAMMA Investing LLC raised its stake in Franklin Electric by 130.6% in the second quarter. GAMMA Investing LLC now owns 724 shares of the industrial products company's stock valued at $70,000 after buying an additional 410 shares during the last quarter. CWM LLC raised its stake in Franklin Electric by 16.7% in the third quarter. CWM LLC now owns 684 shares of the industrial products company's stock valued at $72,000 after buying an additional 98 shares during the last quarter. Finally, USA Financial Formulas purchased a new stake in Franklin Electric in the third quarter valued at about $74,000. 79.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Franklin Electric

In other news, insider Gregg C. Sengstack sold 5,396 shares of the firm's stock in a transaction dated 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 $10,460,637.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.72% of the company's stock.

Franklin Electric Stock Up 0.9 %

Franklin Electric stock traded up $0.95 during midday trading on Monday, reaching $102.55. The company's stock had a trading volume of 200,449 shares, compared to its average volume of 174,292. The stock's 50-day simple moving average is $101.94 and its 200-day simple moving average is $100.21. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.65 and a quick ratio of 1.14. Franklin Electric Co., Inc. has a 52-week low of $84.20 and a 52-week high of $108.39. The stock has a market capitalization of $4.73 billion, a P/E ratio of 25.75, a PEG ratio of 2.02 and a beta of 0.95.

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.