Aptus Capital Advisors LLC Raises Holdings in Franklin Electric Co., Inc. (NASDAQ:FELE)

Aptus Capital Advisors LLC grew its position in shares of Franklin Electric Co., Inc. (NASDAQ:FELE) by 15.6% during the third quarter, Holdings Channel reports. The institutional investor owned 27,741 shares of the industrial products company’s stock after purchasing an additional 3,744 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Franklin Electric were worth $2,908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Franklin Electric by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 4,751,322 shares of the industrial products company’s stock valued at $507,489,000 after buying an additional 30,408 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Franklin Electric by 2.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,030,238 shares of the industrial products company’s stock valued at $212,810,000 after purchasing an additional 40,248 shares during the period. Earnest Partners LLC raised its stake in shares of Franklin Electric by 2.6% during the 2nd quarter. Earnest Partners LLC now owns 1,563,125 shares of the industrial products company’s stock valued at $150,560,000 after purchasing an additional 39,478 shares during the period. Boston Trust Walden Corp raised its stake in shares of Franklin Electric by 0.6% during the 3rd quarter. Boston Trust Walden Corp now owns 659,057 shares of the industrial products company’s stock valued at $69,082,000 after purchasing an additional 3,847 shares during the period. Finally, Vaughan Nelson Investment Management L.P. raised its stake in shares of Franklin Electric by 6.4% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 361,654 shares of the industrial products company’s stock valued at $34,833,000 after purchasing an additional 21,890 shares during the period. Hedge funds and other institutional investors own 79.98% of the company’s stock.

Franklin Electric Price Performance

Shares of NASDAQ FELE opened at $109.16 on Thursday. The firm has a market capitalization of $4.99 billion, a P/E ratio of 27.64, a P/E/G ratio of 2.38 and a beta of 0.96. 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’s 50-day simple moving average is $102.19 and its two-hundred day simple moving average is $100.31. Franklin Electric Co., Inc. has a twelve month low of $87.65 and a twelve month high of $110.97.

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

Franklin Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th will be paid a $0.25 dividend. The ex-dividend date is Thursday, November 7th. This represents a $1.00 dividend on an annualized basis and a yield of 0.92%. Franklin Electric’s dividend payout ratio is currently 25.32%.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other Franklin Electric news, insider Gregg C. Sengstack sold 1,500 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $100.22, for a total value of $150,330.00. Following the transaction, the insider now directly owns 9,032 shares in the company, valued at $905,187.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.