Moody Aldrich Partners LLC Has $3.03 Million Position in Franklin Electric Co., Inc. (NASDAQ:FELE)

Moody Aldrich Partners LLC lessened its position in Franklin Electric Co., Inc. (NASDAQ:FELE) by 2.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,943 shares of the industrial products company’s stock after selling 611 shares during the period. Moody Aldrich Partners LLC owned about 0.06% of Franklin Electric worth $3,034,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Signaturefd LLC lifted its position in Franklin Electric by 29.9% during the third quarter. Signaturefd LLC now owns 712 shares of the industrial products company’s stock worth $75,000 after acquiring an additional 164 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Franklin Electric by 2.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,030,238 shares of the industrial products company’s stock worth $212,810,000 after purchasing an additional 40,248 shares during the period. Blue Trust Inc. increased its stake in shares of Franklin Electric by 55.7% during the third 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 period. Exchange Traded Concepts LLC lifted its holdings in Franklin Electric by 136.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 19,429 shares of the industrial products company’s stock worth $2,037,000 after purchasing an additional 11,217 shares during the last quarter. Finally, Inspire Investing LLC boosted its stake in Franklin Electric by 8.3% in the 3rd quarter. Inspire Investing LLC now owns 4,028 shares of the industrial products company’s stock valued at $422,000 after purchasing an additional 310 shares during the period. 79.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Franklin Electric

In related news, insider Gregg C. Sengstack sold 5,000 shares of Franklin Electric stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $103.87, for a total value of $519,350.00. Following the transaction, the insider now directly owns 108,489 shares of the company’s stock, valued at $11,268,752.43. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Gregg C. Sengstack sold 5,000 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $103.87, for a total transaction of $519,350.00. Following the completion of the sale, the insider now directly owns 108,489 shares in the company, valued at $11,268,752.43. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jay J. Walsh sold 14,090 shares of Franklin Electric stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $104.57, for a total value of $1,473,391.30. Following the completion of the transaction, the insider now owns 16,927 shares in the company, valued at approximately $1,770,056.39. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,486 shares of company stock valued at $2,568,171. Company insiders own 2.72% of the company’s stock.

Franklin Electric Stock Performance

FELE stock traded down $0.18 during trading hours on Thursday, hitting $101.85. 10,263 shares of the stock were exchanged, compared to its average volume of 174,126. The company has a 50-day simple moving average of $101.85 and a two-hundred day simple moving average of $100.24. The firm has a market capitalization of $4.69 billion, a P/E ratio of 25.38, a P/E/G ratio of 2.07 and a beta of 0.95. Franklin Electric Co., Inc. has a 12 month low of $83.71 and a 12 month high of $108.39. The company has a current ratio of 2.65, a quick ratio of 1.14 and a debt-to-equity ratio of 0.07.

Franklin Electric (NASDAQ:FELE) last released its earnings results on Tuesday, July 23rd. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.06). The company had revenue of $543.30 million for the quarter, compared to analyst estimates of $570.80 million. Franklin Electric had a return on equity of 15.57% and a net margin of 9.35%. The business’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period last year, the company posted $1.27 earnings per share. On average, analysts forecast that Franklin Electric Co., Inc. will post 4.22 earnings per share for the current fiscal year.

Franklin Electric 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.