Jump Financial LLC Makes New $740,000 Investment in Franklin Electric Co., Inc. (NASDAQ:FELE)

Jump Financial LLC acquired a new position in shares of Franklin Electric Co., Inc. (NASDAQ:FELE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 7,653 shares of the industrial products company's stock, valued at approximately $740,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Van Hulzen Asset Management LLC grew its stake in Franklin Electric by 4.3% during the 4th quarter. Van Hulzen Asset Management LLC now owns 9,295 shares of the industrial products company's stock valued at $898,000 after acquiring an additional 382 shares in the last quarter. Principal Securities Inc. purchased a new position in Franklin Electric during the 4th quarter valued at about $33,000. US Asset Management LLC purchased a new position in Franklin Electric during the 4th quarter valued at about $221,000. Charles Schwab Investment Management Inc. grew its stake in Franklin Electric by 1.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 470,526 shares of the industrial products company's stock valued at $45,476,000 after acquiring an additional 8,226 shares in the last quarter. Finally, Private Advisor Group LLC purchased a new position in Franklin Electric during the 4th quarter valued at about $313,000. Institutional investors and hedge funds own 79.98% of the company's stock.

Franklin Electric Stock Performance

FELE traded down $0.39 on Monday, hitting $99.56. The company had a trading volume of 114,102 shares, compared to its average volume of 184,246. The company's fifty day moving average price is $102.11 and its 200 day moving average price is $97.24. Franklin Electric Co., Inc. has a 1-year low of $82.61 and a 1-year high of $107.89. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.85 and a quick ratio of 1.17. The stock has a market cap of $4.59 billion, a price-to-earnings ratio of 24.77, a price-to-earnings-growth ratio of 1.95 and a beta of 0.99.

Franklin Electric (NASDAQ:FELE - Get Free Report) last posted its earnings results on Tuesday, April 30th. The industrial products company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.04). Franklin Electric had a return on equity of 15.86% and a net margin of 9.25%. The company had revenue of $460.90 million during the quarter, compared to analyst estimates of $477.64 million. During the same quarter last year, the firm posted $0.79 earnings per share. The firm's revenue for the quarter was down 4.9% compared to the same quarter last year. Equities analysts predict that Franklin Electric Co., Inc. will post 4.27 earnings per share for the current fiscal year.

Franklin Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 16th. Stockholders of record on Thursday, May 2nd were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, May 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.00%. Franklin Electric's dividend payout ratio (DPR) is presently 24.88%.

Analyst Ratings Changes

Several equities analysts have weighed in on FELE shares. Northcoast Research raised Franklin Electric from a "neutral" rating to a "buy" rating and set a $110.00 target price on the stock in a research note on Friday, February 23rd. DA Davidson boosted their price target on Franklin Electric from $87.00 to $90.00 and gave the company a "neutral" rating in a research note on Wednesday, May 1st. StockNews.com cut Franklin Electric from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 9th. Finally, Robert W. Baird boosted their price target on Franklin Electric from $91.00 to $100.00 and gave the company a "neutral" rating in a research note on Wednesday, February 14th.

Insider Transactions at Franklin Electric

In other news, CEO Gregg C. Sengstack sold 10,366 shares of the company's stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $99.96, for a total transaction of $1,036,185.36. Following the completion of the transaction, the chief executive officer now directly owns 154,993 shares in the company, valued at $15,493,100.28. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Gregg C. Sengstack sold 10,366 shares of the company's stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $99.96, for a total transaction of $1,036,185.36. Following the completion of the transaction, the chief executive officer now directly owns 154,993 shares in the company, valued at $15,493,100.28. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Delancey W. Davis sold 2,214 shares of the company's stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $102.06, for a total value of $225,960.84. Following the transaction, the insider now owns 8,014 shares of the company's stock, valued at $817,908.84. The disclosure for this sale can be found here. Corporate insiders own 2.72% of the company's stock.

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.