Haven Private LLC Buys Shares of 4,814 Franklin Electric Co., Inc. (NASDAQ:FELE)

Haven Private LLC bought a new stake in shares of Franklin Electric Co., Inc. (NASDAQ:FELE) in the 4th quarter, Holdings Channel.com reports. The fund bought 4,814 shares of the industrial products company’s stock, valued at approximately $469,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Covestor Ltd grew its holdings in shares of Franklin Electric by 15.6% during the third quarter. Covestor Ltd now owns 765 shares of the industrial products company’s stock worth $80,000 after buying an additional 103 shares in the last quarter. BHK Investment Advisors LLC grew its holdings in shares of Franklin Electric by 2.5% during the fourth quarter. BHK Investment Advisors LLC now owns 5,139 shares of the industrial products company’s stock worth $501,000 after buying an additional 125 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in shares of Franklin Electric by 3.4% during the fourth quarter. Sanctuary Advisors LLC now owns 4,372 shares of the industrial products company’s stock worth $434,000 after buying an additional 145 shares in the last quarter. MML Investors Services LLC grew its holdings in Franklin Electric by 2.6% in the third 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 during the period. Finally, Inspire Investing LLC grew its holdings in Franklin Electric by 4.1% in the fourth quarter. Inspire Investing LLC now owns 4,192 shares of the industrial products company’s stock valued at $409,000 after purchasing an additional 164 shares during the period. 79.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Delancey W. Davis sold 961 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $103.14, for a total value of $99,117.54. Following the completion of the sale, the insider now owns 7,701 shares of the company’s stock, valued at approximately $794,281.14. The trade was a 11.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.72% of the stock is currently owned by insiders.

Franklin Electric Price Performance

Franklin Electric stock opened at $101.00 on Friday. Franklin Electric Co., Inc. has a 1 year low of $91.67 and a 1 year high of $111.94. The firm has a 50 day moving average price of $99.61 and a 200 day moving average price of $101.92. The company has a market cap of $4.62 billion, a price-to-earnings ratio of 26.23, a PEG ratio of 2.11 and a beta of 1.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.06 and a current ratio of 2.22.

Franklin Electric (NASDAQ:FELE) last announced its quarterly 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 for the quarter, compared to analysts’ expectations of $465.87 million. Franklin Electric had a net margin of 8.92% and a return on equity of 14.46%. Sell-side analysts predict 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 issued a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a yield of 1.05%. This is a positive change from Franklin Electric’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Thursday, February 6th. Franklin Electric’s dividend payout ratio (DPR) is presently 27.53%.

About Franklin Electric

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.