Franklin Electric Co., Inc. (NASDAQ:FELE) Stock Position Raised by Tributary Capital Management LLC

Tributary Capital Management LLC boosted its holdings in Franklin Electric Co., Inc. (NASDAQ:FELE) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 181,123 shares of the industrial products company’s stock after acquiring an additional 2,212 shares during the period. Tributary Capital Management LLC owned about 0.40% of Franklin Electric worth $17,650,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Blue Trust Inc. lifted its holdings in shares of Franklin Electric by 55.7% in the 3rd quarter. Blue Trust Inc. now owns 299 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 107 shares during the last quarter. Trust Co. of Vermont acquired a new stake in Franklin Electric in the fourth quarter worth $40,000. CWM LLC increased its holdings in shares of Franklin Electric by 16.7% in the 3rd quarter. CWM LLC now owns 684 shares of the industrial products company’s stock worth $72,000 after acquiring an additional 98 shares during the period. USA Financial Formulas bought a new stake in Franklin Electric in the 3rd quarter valued at about $74,000. Finally, Signaturefd LLC increased its stake in shares of Franklin Electric by 29.9% in the third quarter. Signaturefd LLC now owns 712 shares of the industrial products company’s stock valued at $75,000 after purchasing an additional 164 shares during the period. 79.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Franklin Electric

In related news, insider Gregg C. Sengstack sold 1,500 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $100.22, for a total transaction of $150,330.00. Following the completion of the sale, the insider now directly owns 9,032 shares of the company’s stock, valued at $905,187.04. This represents a 14.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.72% of the company’s stock.

Wall Street Analyst Weigh In

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

Franklin Electric Stock Performance

Shares of FELE opened at $98.57 on Friday. Franklin Electric Co., Inc. has a 52-week low of $91.67 and a 52-week high of $111.94. The firm has a market capitalization of $4.50 billion, a PE ratio of 24.95, a P/E/G ratio of 1.93 and a beta of 1.00. The firm has a 50-day moving average price of $101.73 and a 200 day moving average price of $101.77. The company has a quick ratio of 1.06, a current ratio of 2.40 and a debt-to-equity ratio of 0.01.

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

Franklin Electric Announces Dividend

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

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.