Franklin Electric Co., Inc. (NASDAQ:FELE) Shares Bought by Running Oak Capital LLC

Running Oak Capital LLC lifted its position in shares of Franklin Electric Co., Inc. (NASDAQ:FELE) by 5.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 132,264 shares of the industrial products company’s stock after buying an additional 7,053 shares during the period. Running Oak Capital LLC’s holdings in Franklin Electric were worth $12,889,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in FELE. CWM LLC raised its stake in shares of Franklin Electric by 16.7% during the third quarter. CWM LLC now owns 684 shares of the industrial products company’s stock worth $72,000 after purchasing an additional 98 shares during the last quarter. Covestor Ltd increased its stake in Franklin Electric by 15.6% in the 3rd quarter. Covestor Ltd now owns 765 shares of the industrial products company’s stock valued at $80,000 after buying an additional 103 shares during the period. Blue Trust Inc. raised its position in Franklin Electric by 55.7% during the 3rd quarter. Blue Trust Inc. now owns 299 shares of the industrial products company’s stock worth $29,000 after buying an additional 107 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of Franklin Electric by 1.0% in the 2nd quarter. Marshall Wace LLP now owns 11,009 shares of the industrial products company’s stock worth $1,060,000 after acquiring an additional 109 shares during the period. Finally, MML Investors Services LLC boosted 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 acquiring an additional 156 shares in the last quarter. Hedge funds and other institutional investors own 79.98% of the company’s stock.

Franklin Electric Stock Performance

NASDAQ:FELE opened at $98.57 on Friday. Franklin Electric Co., Inc. has a fifty-two week low of $91.67 and a fifty-two week high of $111.94. The company has a quick ratio of 1.06, a current ratio of 2.40 and a debt-to-equity ratio of 0.01. The stock has a market cap of $4.50 billion, a PE ratio of 24.95, a price-to-earnings-growth ratio of 1.93 and a beta of 1.00. The firm’s fifty day simple moving average is $101.73 and its 200-day simple moving average is $101.83.

Franklin Electric (NASDAQ:FELE) last issued its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.10). The firm had revenue of $531.40 million for the quarter, compared to analyst estimates of $551.08 million. Franklin Electric had a return on equity of 15.03% and a net margin of 9.22%. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.23 earnings per share. Analysts expect that Franklin Electric Co., Inc. will post 3.81 earnings per share for the current fiscal year.

Franklin Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, November 7th. This represents a $1.00 annualized dividend and a yield of 1.01%. Franklin Electric’s dividend payout ratio (DPR) is currently 25.32%.

Analysts Set New Price Targets

Separately, Robert W. Baird reduced their price objective on shares of Franklin Electric from $107.00 to $105.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th.

Insiders Place Their Bets

In related news, insider Gregg C. Sengstack sold 1,500 shares of Franklin Electric stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $100.22, for a total transaction of $150,330.00. Following the completion of the transaction, the insider now directly owns 9,032 shares in the company, valued at $905,187.04. The trade was a 14.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.72% of the stock is currently owned by company insiders.

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.