Farringdon Capital Ltd. Invests $371,000 in Franklin Electric Co., Inc. (NASDAQ:FELE)

Farringdon Capital Ltd. acquired a new stake in Franklin Electric Co., Inc. (NASDAQ:FELE - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 3,809 shares of the industrial products company's stock, valued at approximately $371,000.

Several other institutional investors also recently bought and sold shares of the company. Mariner LLC grew its position in shares of Franklin Electric by 1.8% in the 4th quarter. Mariner LLC now owns 6,471 shares of the industrial products company's stock valued at $631,000 after buying an additional 116 shares during the last quarter. BHK Investment Advisors LLC raised its position in Franklin Electric by 2.5% in the fourth 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 in the last quarter. Sanctuary Advisors LLC grew its stake in shares of Franklin Electric by 3.4% during the 4th quarter. Sanctuary Advisors LLC now owns 4,372 shares of the industrial products company's stock worth $434,000 after purchasing an additional 145 shares during the period. Summit Investment Advisors Inc. boosted its holdings in Franklin Electric by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,739 shares of the industrial products company's stock worth $462,000 after buying an additional 150 shares in the last quarter. Finally, MML Investors Services LLC increased 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 buying an additional 156 shares in the last quarter. 79.98% of the stock is owned by institutional investors and hedge funds.

Franklin Electric Price Performance

Shares of FELE stock traded up $1.15 during mid-day trading on Thursday, reaching $89.04. The stock had a trading volume of 54,099 shares, compared to its average volume of 259,474. 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 cap of $4.08 billion, a P/E ratio of 23.13, a price-to-earnings-growth ratio of 2.11 and a beta of 1.02. The business has a 50-day simple moving average of $95.86 and a 200 day simple moving average of $99.98. Franklin Electric Co., Inc. has a 12-month low of $82.69 and a 12-month high of $111.94.

Franklin Electric (NASDAQ:FELE - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The industrial products company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.03. The firm had revenue of $485.75 million during the quarter, compared to the consensus estimate of $465.87 million. Franklin Electric had a return on equity of 14.46% and a net margin of 8.92%. On average, sell-side analysts anticipate that Franklin Electric Co., Inc. will post 4.19 earnings per share for the current year.

Franklin Electric Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were paid a $0.265 dividend. This is an increase from Franklin Electric's previous quarterly dividend of $0.25. The ex-dividend date was Thursday, February 6th. This represents a $1.06 annualized dividend and a yield of 1.19%. Franklin Electric's payout ratio is presently 27.53%.

Insider Buying and Selling at Franklin Electric

In other Franklin Electric news, insider Delancey W. Davis sold 961 shares of the company'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 transaction, the insider now directly owns 7,701 shares in the company, valued at approximately $794,281.14. This represents a 11.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.72% of the stock is owned by insiders.

Franklin Electric Company 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.