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

Bridge City Capital LLC boosted its position in Franklin Electric Co., Inc. (NASDAQ:FELE) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,375 shares of the industrial products company’s stock after acquiring an additional 314 shares during the quarter. Bridge City Capital LLC’s holdings in Franklin Electric were worth $3,155,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BHK Investment Advisors LLC grew its holdings in shares of Franklin Electric by 2.5% during the 4th quarter. BHK Investment Advisors LLC now owns 5,139 shares of the industrial products company’s stock worth $501,000 after purchasing an additional 125 shares during the period. Sanctuary Advisors LLC grew its stake in Franklin Electric by 3.4% during the fourth quarter. Sanctuary Advisors LLC now owns 4,372 shares of the industrial products company’s stock worth $434,000 after buying an additional 145 shares during the period. MML Investors Services LLC increased its position 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 worth $634,000 after acquiring an additional 156 shares in the last quarter. Inspire Investing LLC raised its stake in shares of Franklin Electric by 4.1% in the 4th quarter. Inspire Investing LLC now owns 4,192 shares of the industrial products company’s stock valued at $409,000 after acquiring an additional 164 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Franklin Electric by 14.5% during the 4th quarter. GAMMA Investing LLC now owns 1,398 shares of the industrial products company’s stock valued at $136,000 after acquiring an additional 177 shares in the last quarter. 79.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Franklin Electric

In other Franklin Electric news, insider Delancey W. Davis sold 961 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $103.14, for a total value of $99,117.54. Following the transaction, the insider now owns 7,701 shares in the company, valued at $794,281.14. The trade was a 11.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 2.72% of the company’s stock.

Franklin Electric Stock Down 2.5 %

Shares of NASDAQ FELE opened at $95.56 on Friday. The stock has a fifty day moving average price of $100.36 and a 200 day moving average price of $101.75. The company has a current ratio of 2.22, a quick ratio of 1.06 and a debt-to-equity ratio of 0.01. Franklin Electric Co., Inc. has a 12-month low of $91.67 and a 12-month high of $111.94. The company has a market cap of $4.37 billion, a P/E ratio of 24.82, a P/E/G ratio of 2.11 and a beta of 0.98.

Franklin Electric (NASDAQ:FELE) last issued its earnings results on Tuesday, February 18th. The industrial products company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.03. The company had revenue of $485.75 million during the quarter, compared to the consensus estimate of $465.87 million. Franklin Electric had a return on equity of 14.46% and a net margin of 8.92%. Research analysts anticipate that Franklin Electric Co., Inc. will post 4.19 EPS for the current fiscal year.

Franklin Electric Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were given a dividend of $0.265 per share. This is a boost from Franklin Electric’s previous quarterly dividend of $0.25. 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. Franklin Electric’s payout ratio is presently 27.53%.

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.