2 weeks Ago By ABMN Staff
Wellington Management Group LLP reduced its position in shares of Franklin Electric Co., Inc. ( NASDAQ:FELE – Free Report ) by 12.
2% in the 4th quarter, Holdings Channel.com reports. The firm owned 36,773 shares of the industrial products company’s stock after selling 5,105 shares during the quarter.
Wellington Management Group LLP’s holdings in Franklin Electric were worth $3,584,000 at the end of the most recent quarter. Other institutional investors also recently bought and sold shares of the company. Spire Wealth Management acquired a new stake in shares of Franklin Electric during the 4th quarter worth approximately $29,000.
Trust Co. of Vermont acquired a new stake in Franklin Electric during the fourth quarter worth $40,000. Blue Trust Inc.
raised its position in Franklin Electric by 66.2% in the fourth 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 period. Smartleaf Asset Management LLC lifted its stake in shares of Franklin Electric by 189.2% in 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, ORG Partners LLC lifted its stake in shares of Franklin Electric by 150.2% in the 4th quarter.
ORG Partners LLC now owns 833 shares of the industrial products company’s stock valued at $81,000 after purchasing an additional 500 shares during the last quarter. 79.98% of the stock is owned by hedge funds and other institutional investors.
Franklin Electric Stock Up 0.9 % Shares of NASDAQ:FELE opened at $89.38 on Friday.
The business has a 50-day moving average price of $98.01 and a 200 day moving average price of $100.90.
Franklin Electric Co., Inc. has a 12-month low of $82.
69 and a 12-month high of $111.94. The company has a current ratio of 2.
22, a quick ratio of 1.06 and a debt-to-equity ratio of 0.01.
The company has a market capitalization of $4.09 billion, a price-to-earnings ratio of 23.22, a PEG ratio of 2.
11 and a beta of 1.02. Franklin Electric Increases Dividend The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th.
Stockholders of record on Thursday, February 6th were paid a $0.265 dividend. The ex-dividend date was Thursday, February 6th.
This is a boost 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 1.19%. Franklin Electric’s payout ratio is presently 27.
53%. Insider Activity at Franklin Electric In other Franklin Electric news, insider Delancey W. Davis sold 961 shares of Franklin Electric stock in a transaction dated 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 directly owns 7,701 shares of the company’s stock, valued at $794,281.14. The trade was a 11.
09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link . Company insiders own 2.
72% of the company’s stock. Franklin Electric Company 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. Read More Want to see what other hedge funds are holding FELE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Franklin Electric Co.
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