Franklin Electric Co., Inc. (NASDAQ:FELE) Shares Purchased by Bridge City Capital LLC

Bridge City Capital LLC raised its position in Franklin Electric Co., Inc. (NASDAQ:FELE) by 1.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 32,375 shares of the industrial products company’s stock after purchasing an additional 314 shares during the period. Bridge City Capital LLC owned about 0.07% of Franklin Electric worth $3,155,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Geode Capital Management LLC grew its stake in Franklin Electric by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,004,057 shares of the industrial products company’s stock valued at $105,264,000 after acquiring an additional 9,170 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of Franklin Electric by 21.6% in the fourth quarter. Allianz Asset Management GmbH now owns 811,682 shares of the industrial products company’s stock valued at $79,098,000 after purchasing an additional 143,917 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Franklin Electric by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 503,775 shares of the industrial products company’s stock valued at $49,093,000 after purchasing an additional 10,580 shares during the last quarter. KBC Group NV increased its stake in shares of Franklin Electric by 7.3% during the 4th quarter. KBC Group NV now owns 415,179 shares of the industrial products company’s stock worth $40,459,000 after purchasing an additional 28,121 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Franklin Electric by 15.9% during the 4th quarter. Bank of New York Mellon Corp now owns 392,080 shares of the industrial products company’s stock worth $38,208,000 after purchasing an additional 53,825 shares during the last quarter. Hedge funds and other institutional investors own 79.98% of the company’s stock.

Franklin Electric Price Performance

Shares of NASDAQ:FELE opened at $95.56 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.06 and a current ratio of 2.22. The business’s fifty day moving average price is $100.36 and its two-hundred day moving average price is $101.75. The stock has a market cap of $4.37 billion, a PE ratio of 24.82, a price-to-earnings-growth ratio of 2.11 and a beta of 0.98. Franklin Electric Co., Inc. has a one year low of $91.67 and a one year high of $111.94.

Franklin Electric (NASDAQ:FELE) last posted its quarterly earnings data on Tuesday, February 18th. The industrial products company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.03. Franklin Electric had a return on equity of 14.46% and a net margin of 8.92%. The business had revenue of $485.75 million for the quarter, compared to analyst estimates of $465.87 million. On average, analysts forecast that Franklin Electric Co., Inc. will post 4.19 EPS for the current fiscal year.

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 given a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date was Thursday, February 6th. This is a positive change from Franklin Electric’s previous quarterly dividend of $0.25. Franklin Electric’s payout ratio is currently 27.53%.

Insider Activity at Franklin Electric

In related news, insider Delancey W. Davis sold 961 shares of the company’s 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 completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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.