New Age Alpha Advisors LLC Makes New $233,000 Investment in Franklin Electric Co., Inc. (NASDAQ:FELE)

New Age Alpha Advisors LLC bought a new stake in Franklin Electric Co., Inc. (NASDAQ:FELE) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,396 shares of the industrial products company’s stock, valued at approximately $233,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FELE. BHK Investment Advisors LLC grew its holdings in Franklin Electric by 2.5% during the 4th quarter. BHK Investment Advisors LLC now owns 5,139 shares of the industrial products company’s stock worth $501,000 after acquiring an additional 125 shares during the last quarter. Sanctuary Advisors LLC grew its stake 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 valued at $434,000 after purchasing an additional 145 shares during the last quarter. MML Investors Services LLC increased its holdings in shares of 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 in the last quarter. Inspire Investing LLC increased its holdings in shares of 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 in the last quarter. Finally, GAMMA Investing LLC raised its position in Franklin Electric by 14.5% in the 4th quarter. GAMMA Investing LLC now owns 1,398 shares of the industrial products company’s stock worth $136,000 after purchasing an additional 177 shares during the last quarter. 79.98% of the stock is currently owned by institutional investors and hedge funds.

Franklin Electric Stock Up 0.8 %

Shares of FELE opened at $95.87 on Thursday. The business’s fifty day moving average price is $100.02 and its two-hundred day moving average price is $101.75. The firm has a market capitalization of $4.39 billion, a price-to-earnings ratio of 24.90, a PEG ratio of 2.11 and a beta of 0.98. Franklin Electric Co., Inc. has a 52 week low of $91.67 and a 52 week high of $111.94. 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 posted its quarterly earnings results on Tuesday, February 18th. The industrial products company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.03. The business had revenue of $485.75 million for the quarter, compared to analysts’ expectations of $465.87 million. Franklin Electric had a return on equity of 14.46% and a net margin of 8.92%. On average, analysts predict that Franklin Electric Co., Inc. will post 4.19 earnings per share for the current year.

Franklin Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were issued a $0.265 dividend. This is a positive change from Franklin Electric’s previous quarterly dividend of $0.25. This represents a $1.06 annualized dividend and a yield of 1.11%. The ex-dividend date was Thursday, February 6th. Franklin Electric’s dividend payout ratio is currently 27.53%.

Insider Buying and Selling at Franklin Electric

In other news, insider Delancey W. Davis sold 961 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $103.14, for a total value of $99,117.54. Following the transaction, the insider now owns 7,701 shares of the company’s stock, valued at $794,281.14. This represents a 11.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.72% of the company’s stock.

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.