Electronic Company – EUMAG http://eumag.org/ Sun, 07 Aug 2022 14:33:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://eumag.org/wp-content/uploads/2021/06/icon-150x150.png Electronic Company – EUMAG http://eumag.org/ 32 32 Polymatech invests US$1 billion in semiconductor chip manufacturing https://eumag.org/polymatech-invests-us1-billion-in-semiconductor-chip-manufacturing/ Sun, 07 Aug 2022 14:33:00 +0000 https://eumag.org/polymatech-invests-us1-billion-in-semiconductor-chip-manufacturing/ Polymatech, India’s leading semiconductor chip maker, has announced its expansion plans. Established in 2007, Polymatech is a Tamil Nadu-based company engaged in the manufacture of a wide range of products including flip-chip, COB, ceramic chip – HTCC/LTCC. The company claims that according to the Indian Electronic and Semiconductor Association (IESA) the Indian semiconductor market is […]]]>
Polymatech, India’s leading semiconductor chip maker, has announced its expansion plans. Established in 2007, Polymatech is a Tamil Nadu-based company engaged in the manufacture of a wide range of products including flip-chip, COB, ceramic chip – HTCC/LTCC.
The company claims that according to the Indian Electronic and Semiconductor Association (IESA) the Indian semiconductor market is expected to reach US$64 billion by 2026. Additionally, the industry’s global market size is estimated to be US$1,340 billion by 2029 according to Global Semiconductor Trade Statistics (WSST). Today, there is a high demand for semiconductor chips as the market is experiencing a global shortage. In India, the semiconductor market is largely dependent on imports. With the ambition to increase the autonomy of the sector and to position India as one of the main manufacturing centers of semiconductors, the government. of India has announced Rs. 76,000 crores in 2021. The aim is to entice investors and stakeholders and give a much needed boost to the semiconductor industry.
The company said its vision is in line with government vision and initiatives such as Make in India and Digital India.
The company has proposed to invest approximately US$1.00 billion by 2025. The investments will be in the forwarding and upstream integration operations of their current products and the indigenization of several imported products. The company has signed a memorandum of understanding with the government. of Tamil Nadu with an initial investment of US$130 million. The company imported all equipment from Japan, adopting the Industry 4.0 theme.
Nandam Eswara Rao, Founding President, Polymatech electronics said, “We recognize the immense scope for growth in the industry. As leading players, we want to grow our business and create value in the market. With a team comprised of the world’s best minds in technology and our investment in the business, we are confident that we can capitalize on the industry’s potential and drive the semiconductor market in India forward. We plan to be one of the largest chipmakers in Asia by 2025”. He added that Polymatech had received considerable support and guidance from the government of Tamil Nadu to implement the project.
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ABC Companies Zero Emissions Tour Partners with MTRWestern and Proterra https://eumag.org/abc-companies-zero-emissions-tour-partners-with-mtrwestern-and-proterra/ Fri, 05 Aug 2022 16:10:55 +0000 https://eumag.org/abc-companies-zero-emissions-tour-partners-with-mtrwestern-and-proterra/ The ABC Companies announced that MTRWestern and Proterra are joining the ABC Companies Zero Emissions Tour, recognizing another important step towards emission-free travel. As part of the tour, MTRWestern operated a 75-passenger Proterra battery-electric Van Hool TDX25E double-decker coach. By piloting the use of this coach, which can travel over 260 miles between recharges, MTRWestern […]]]>

The ABC Companies announced that MTRWestern and Proterra are joining the ABC Companies Zero Emissions Tour, recognizing another important step towards emission-free travel.

As part of the tour, MTRWestern operated a 75-passenger Proterra battery-electric Van Hool TDX25E double-decker coach. By piloting the use of this coach, which can travel over 260 miles between recharges, MTRWestern provides zero-emission travel to many of its customers in the United States and Canada. The program concluded with a celebration of selected stakeholders, environmentally focused businesses and government officials, highlighting premieres for MTRWestern and the ABC Companies Zero Emissions Tour.

This included:

  • The first-ever international zero-emissions service route with cross-border service between Seattle and Vancouver, British Columbia
  • Zero-emission travel options for multiple charter and scheduled flights carrying up to 75 passengers.

The partners co-sponsored a July 27 reception in Seattle where guests had the opportunity to network and learn more about the tour and how MTRWestern uses the zero-emission Van Hool TDX25E in regular fleet operations on both sides of the Canada-US border. . Special guests included elected officials Howard Wright, president of the Seattle Hospitality Group (SHG), as well as leaders from regional big tech organizations and energy providers.

“The gathering provided an opportunity for leading zero emissions advocates to discuss the significant progress and readiness of the unique electric vehicles available today featured on the ABC Zero Emissions Tour, while drawing attention to the increasing challenges presented by the limited chargers available to the public for commercial passenger vehicles,” said Thom Peebles, vice president of marketing, ABC Companies. “The significant impact they can have is what we try to raise awareness within the ABC Zero Emissions Tour.”

Also in attendance was Michael Mann, Executive Director of Clean and Prosperous Washington, who spoke about the importance of reducing carbon emissions to improve health and job outcomes and propel a stronger, more competitive economy in the world. Washington State. During the event, guests were invited to get a first-hand experience aboard the TDX25E as part of a vehicle demonstration including a test drive. Earlier in the day, the bus traveled to the Seattle Center for photo ops featuring iconic Seattle landmarks including the Space Needle, Amazon Spheres, and Seattle Museum of Pop Culture.

“The Zero Emissions Tour provides an unprecedented opportunity to show customers, as well as industry and government leaders on both sides of the Canada-US border, our commitment to literally building a bridge to sustainability,” said said Jeremy Butzlaff, president of MTRWestern. “We are proud and excited to be the first US operator to connect passengers to two of North America’s most beautiful cities in a zero-emissions transportation experience.”

MTRWestern and Proterra’s involvement in the ABC Companies Zero Emissions Tour is key to educating stakeholders and legislators about the role high-capacity passenger vehicles like the Van Hool TDX25E coach play in reducing emissions from greenhouse gases in the transport sector. ABC Companies says recent stops on the North East tour have already attracted the attention of media and elected officials who see it as a tangible example of the growing infrastructure needs to accommodate the vehicles in service today.

“We are excited about the continued rollout of the tour and the opportunities it provides operators like MTRWestern to raise awareness of our industry’s significant contribution to environmental sustainability by transforming our local and regional communities, while also having an impact. on global carbon reduction,” Roman said. Cornell, President and Chief Commercial Officer, ABC Companies. “Through the Tour and with the growing number of electric vehicles ABC Companies have sold and are currently supporting, companies like MTRWestern are pioneering the many benefits of zero-emissions transportation in their communities and with their customers.”

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Parents concerned about construction of James E. Bacon Elementary School in Wayne Co. https://eumag.org/parents-concerned-about-construction-of-james-e-bacon-elementary-school-in-wayne-co/ Mon, 01 Aug 2022 20:09:00 +0000 https://eumag.org/parents-concerned-about-construction-of-james-e-bacon-elementary-school-in-wayne-co/ JESUP, Ga. (WTOC) — Children in the Wayne County school system are scheduled to return to class on Friday, but James E. Bacon Elementary School is under construction and will not be able to accommodate students. As a result, students will be split across three separate campuses, which one parent says raises major concerns. “With […]]]>

JESUP, Ga. (WTOC) — Children in the Wayne County school system are scheduled to return to class on Friday, but James E. Bacon Elementary School is under construction and will not be able to accommodate students. As a result, students will be split across three separate campuses, which one parent says raises major concerns.

“With me dropping off five kids in four locations, you can tell it’s easy all day, but do they want to ride with me to drop off and see how it goes? I mean, it’s just chaos” said Kacee Surface, a parent of a Wayne County college student.

As part of emergency plans released by the Wayne County School System, kindergarten, 4th and 5th graders will be in designated classrooms on the James E. Bacon campus. Pre-Kindergarten and Grade 1 students will be in classrooms on the Coastal Plains Charter School campus, and Grades 2 and 3 students will be in classrooms at the jesup church of god.

She is also concerned about the safety of her children, two of whom she says have serious health issues, and their access to a school nurse.

“There will be a nurse and she can go to each campus, but again, I have two who have major health issues, so even five minutes scares me,” Surface said.

The most frustrating part, says Surface, is what she feels is a lack of consideration for parental input. She said she asked if there was a meeting with the parents and was told no.

“They have to do what they have to do to come up with the best contingency plan they can come up with, but I feel like the parents should have been a bit more involved.”

Wayne County has not yet responded to my requests for additional comment.

Copyright 2022 COMC. All rights reserved.

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Check out the best deals on smartphones and electronics https://eumag.org/check-out-the-best-deals-on-smartphones-and-electronics/ Sun, 31 Jul 2022 09:37:16 +0000 https://eumag.org/check-out-the-best-deals-on-smartphones-and-electronics/ E-commerce giant Flipkart is set to hold a five-day long sale, where customers will get great deals on smartphones and electronics items, among other things. Flipkart’s Big Saving Days sale will kick off in India on August 6 and end on August 10. The company has confirmed that it will give Flipkart Plus users early […]]]>

E-commerce giant Flipkart is set to hold a five-day long sale, where customers will get great deals on smartphones and electronics items, among other things. Flipkart’s Big Saving Days sale will kick off in India on August 6 and end on August 10.

The company has confirmed that it will give Flipkart Plus users early access so they can purchase the discounted items before normal customers. Apart from this, the company has also teamed up with the major banks in the country to offer an additional discount to the customers.

Please note, don’t forget the Tick Tock offers, these will be offers with the lowest prices on selected items during the sale available between 12pm and 10pm every day of the sale.

All About Flipkart’s Big Saving Days Sale

During the sale, customers can expect deep discounts from major smartphone manufacturers such as OPPO, Vivo, Apple, Realme, Poco, Samsung, and Motorola. The company hasn’t revealed much information about the sale just yet, but it’s expected to offer huge discounts on electronics items with up to 70% off headphones and headphones. speakers, up to 45% off tablets and up to 70% off. printers and monitors, among others.

Additionally, customers can also save up to 70% on kitchen appliances, up to 55% on air conditioners, up to 75% on Realme, Samsung and Mi TVs, and up to 45% on microphones. -waves.

Some reports suggest that the online shopping platform may also introduce trade-in offers on some discounted smartphones, under which customers can give away their old device and avail the additional discount on the offer.

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Top 4 Tips for the Right Electronics Design Company https://eumag.org/top-4-tips-for-the-right-electronics-design-company/ Fri, 29 Jul 2022 16:33:26 +0000 https://eumag.org/top-4-tips-for-the-right-electronics-design-company/ What do these services offer and how do you choose the best company to provide them? Electronic product design is, as the name suggests, the process of designing, developing and producing the electronic hardware that companies need to bring their projects to fruition. The process involves incorporating each of the special capabilities and features required […]]]>

What do these services offer and how do you choose the best company to provide them?

Electronic product design is, as the name suggests, the process of designing, developing and producing the electronic hardware that companies need to bring their projects to fruition.

The process involves incorporating each of the special capabilities and features required to suit a solution.

An electronics design firm considers the requested capabilities and features to ensure they combine to suit your hardware solution.

These services meet the needs of customers looking for solutions whose requirements are not met by products available off the shelf. Instead, a custom creation involving electronics and circuit boards is designed to meet the specific product application.

Companies providing these services vary widely in terms of specialties, skills and levels of experience. Therefore, it is always wise to ensure that the right selection is made for basic design, complex circuitry, or specialties such as power electronics design. By taking the time to find the right match, clients can be sure their projects will run smoothly from start to finish.

Not all electronic product design teams provide the same service.

When your company has an idea for a unique new electronics product but lacks the resources and expertise to design and manufacture it, the best way forward is to partner with a team of engineers who specialize in that type. of solution. These companies exist to bring your concepts to life.

It can be easy to get overwhelmed by the many potential service providers when looking for an electronics design company that will have the experience and resources to create what you need within your timeframe and your budget.

Choose the best electronic product design company and the best engineers for your project.

The following tips can help you refine the process of choosing the best option while avoiding an inexperienced alternative that would lead your project to unexpected delays, bugs, and costs.

  1. Describe your priorities – When they are clear to you, it will be easier for you to see if a business you are considering will align with these goals and targets.
  2. Look for experience – More than anything else, technical expertise and experience are your keys to knowing that an electronics product design team will be able to deliver on their promises.
  3. Cut – The size of the company must correspond to the size of your project. If you are looking for a rather basic and simple design, a small company will meet your needs. If your project is massive and complex, a larger company with more resources will likely be needed.
  4. Proven results – A company with positive reviews, solid references and loyal customers is often a company you can trust to complete the project as you expect. If a business has been around for a while, it should have past or existing customers who are willing to discuss their experiences with you. Reach out to these customers and ask about the level of satisfaction, whether expectations were met, whether any issues arose along the way and how they were resolved, and whether they would work with them again for future needs. design of electronic products.
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Mercedes-Benz EQE EV has a profit margin equal to that of the ICE-powered E-Class https://eumag.org/mercedes-benz-eqe-ev-has-a-profit-margin-equal-to-that-of-the-ice-powered-e-class/ Wed, 27 Jul 2022 15:34:00 +0000 https://eumag.org/mercedes-benz-eqe-ev-has-a-profit-margin-equal-to-that-of-the-ice-powered-e-class/ Mercedes-Benz’s push towards battery-electric vehicles is starting to pay off. During the company’s earnings call today, Mercedes chief financial officer Harald Wilhelm revealed that the EQE has a profit margin equal to that of the ICE-powered E-Class. Wilhelm said, “At this point, the EQE margin is at the point of the E-Class margin,” according to […]]]>

Mercedes-Benz’s push towards battery-electric vehicles is starting to pay off. During the company’s earnings call today, Mercedes chief financial officer Harald Wilhelm revealed that the EQE has a profit margin equal to that of the ICE-powered E-Class.

Wilhelm said, “At this point, the EQE margin is at the point of the E-Class margin,” according to Automotive News Europe. Wilhelm added that the EQE might even be ahead of the E-Class.

It’s worth noting that there’s a considerable price difference between the two, with the E-Class starting at $55,000 in the US. Mercedes hasn’t revealed pricing for the EQE for North America, but it starts at around €70,000 ($70,800) in Europe – a price difference of $16,000 that likely helps the EQE to match its ICE equivalent.

While this is good news for the EQE, the wider EQS doesn’t fare as well. Wilhelm said the EV luxury sedan’s margins are lower than the S-Class, but the numbers are improving, with the EQE not far behind its ICE sibling.

Mercedes has no plans to slow down its assault on electric vehicles. The company expects to increase BEV sales over plug-in hybrids in the second half of the year. During the call, Mercedes CEO Ola Kallenius said he wants 50% of the company’s electrified car sales to be BEVs, prioritizing them over plug-in hybrids. The new EQE and the EQS SUV will help the company achieve this goal.

Battery electric vehicles still have hurdles to overcome before mass adoption. One is the cost. Not only have electric vehicles been expensive for consumers to buy, they have also been expensive for automakers to produce. Production costs and prices fall, and profit margins rise accordingly.

BEVs are still years away from reaching cost parity with ICE vehicles, but the gap is narrowing. Some automakers believe cost parity is just a few years away, while others predict parity between the two will occur in the second half of the decade. Costs and prices are falling, which should be a big win for consumers.

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BarbarQ 2, Electronic Soul’s next competitive multiplayer adventure, is now open for pre-registration on TapTap https://eumag.org/barbarq-2-electronic-souls-next-competitive-multiplayer-adventure-is-now-open-for-pre-registration-on-taptap/ Sun, 24 Jul 2022 07:00:00 +0000 https://eumag.org/barbarq-2-electronic-souls-next-competitive-multiplayer-adventure-is-now-open-for-pre-registration-on-taptap/ Electronic Soul has announced the upcoming launch of BarbarQ 2, the studio’s colorful 3v3v3 competitive mobile game. The game asks players to become the leader of their clan, as they fight monstrous beasts, eliminate their enemies and protect their clans. In BarbarQ, players can expect to experience classic 3v3v3 matches that fans of the BarbarQ […]]]>

Electronic Soul has announced the upcoming launch of BarbarQ 2, the studio’s colorful 3v3v3 competitive mobile game. The game asks players to become the leader of their clan, as they fight monstrous beasts, eliminate their enemies and protect their clans.

In BarbarQ, players can expect to experience classic 3v3v3 matches that fans of the BarbarQ franchise know and love. They’ll have six minutes to achieve the ultimate victory against two teams, and they’ll have to kill their enemies by any means necessary – and that includes throwing ice or fire mushrooms at unwitting enemies.

The game features a variety of locations ranging from sky islands to lava lakes. Players can also choose the best randomly generated skills offered to them on each new round to find the style that suits them best. There are also different gear, weapons, pets, and mounts to choose from. The sequel also welcomes new game modes, which include a 12-player battle royale, clan development feature and more.

If you can’t wait to get in on the fun, you can pre-register for BarbarQ 2 now on TapTap, or check out the game and download it for testing on the Google Play Store for Android devices. You can also join the community of followers on Facebook to stay up to date with all the latest developments, visit the studio’s official website to preview games in the company’s lineup, or take a look at the Embedded clip above to check out the game’s visuals, gameplay, and mechanics as well.

Are you looking for similar titles that will test your skills on your mobile device? Why not take a look at our list of the best Android multiplayer games?

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Ras Adiba to seek help from email company looking for former TV news anchor Zalina Azman https://eumag.org/ras-adiba-to-seek-help-from-email-company-looking-for-former-tv-news-anchor-zalina-azman/ Fri, 22 Jul 2022 09:28:12 +0000 https://eumag.org/ras-adiba-to-seek-help-from-email-company-looking-for-former-tv-news-anchor-zalina-azman/ Senator Datuk Ras Adiba Radzi will ask an email company to help him search for former TV3 presenter Zalina Azman, who has been missing since last November. — photo by Bernama Friday, July 22, 2022 5:25 PM MYT SHAH ALAM, July 22 – Chairman of the Malaysian National News Agency (Bernama), Senator Datuk Ras Adiba […]]]>

Senator Datuk Ras Adiba Radzi will ask an email company to help him search for former TV3 presenter Zalina Azman, who has been missing since last November. — photo by Bernama

Friday, July 22, 2022 5:25 PM MYT

SHAH ALAM, July 22 – Chairman of the Malaysian National News Agency (Bernama), Senator Datuk Ras Adiba Radzi, will ask an email company to help him search for former TV3 newsreader Zalina Shaharah , or better known as Zalina Azman, who has been missing since November last year.

“My husband and I, along with some of our friends, are trying to find Zai (Zalina). But after that I will be with the email company to spread the word about his disappearance,” she told Bernama and TV3 today.

She was talking to reporters when she met at Zalina’s home, Section 3, Shah Alam District Police Chief ACP Mohd Iqbal Ibrahim.

“I came today to check if Zai (Zalina) is back. But it turns out that the house is the same as the one they found last year. I will continue to pray for her to be safe there,” she added.

Ras Adiba said she went to Shah Alam district police headquarters this morning to share information about 58-year-old Zalina and hoped other friends would come forward to share news about her. old colleague.

“Many people said that she has been missing for too long, but it is not easy to get the answer. Insya-Allah, we will soon have information about Zalina’s whereabouts,” she said. .

“I have known her since the early 90s and she has never been sick. She is still happy but from the pictures you can see that her body has shrunk.

“So a lot of people asked if something was wrong (with her) or if she was having any issues. I said I don’t know because just like my other friends, I haven’t. seen for a long time,” she said.

Last Monday, Mohd Iqbal, in a statement, said Zalina’s son, Mikhael Norman, 33, had filed a complaint with the police about his mother’s disappearance on November 29 last year. — Bernama

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Scout is VW’s new rugged electric truck company, and it has a new CEO https://eumag.org/scout-is-vws-new-rugged-electric-truck-company-and-it-has-a-new-ceo/ Tue, 19 Jul 2022 23:05:30 +0000 https://eumag.org/scout-is-vws-new-rugged-electric-truck-company-and-it-has-a-new-ceo/ The electric revival of Scout, the classic off-road SUV brand, comes to fruition this week as Volkswagen appoints Scott Keogh as CEO of its new spin-off company. The former head of VW Group America, as originally reported by Axiospushed VW to launch a new line of electric trucks after seeing a fully restored vintage Scout: […]]]>

The electric revival of Scout, the classic off-road SUV brand, comes to fruition this week as Volkswagen appoints Scott Keogh as CEO of its new spin-off company. The former head of VW Group America, as originally reported by Axiospushed VW to launch a new line of electric trucks after seeing a fully restored vintage Scout: “The trademark rights were right there,” Keogh said.

VW acquired the Scout brand through a 2020 merger of its commercial trucking company Traton with Navistar, of which the German automaker originally bought a part in 2016. In May, it was reported that the VW Group was ready to inject $1 billion into the new Scout brand and set targets to sell a quarter of a million electric off-roaders under the name every year from 2026.

New Scout CEO and former Volkswagen Group America director Scott Keogh stands in front of a classic International Harvester Scout vehicle.
Image: Volkswagen via Axios

With Keogh now running Scout, Volkswagen’s board of directors in Chattanooga, Tennessee, has handed over all North American responsibilities for VW to current VW South American director Pablo Di Si. now to focus more on the American market and the American customer, and one piece of the puzzle, for sure, is Scout,” Volkswagen Group CEO Herbert Diess said. Axios in an interview. The company said it would develop “True American” electric SUVs and pickup trucks, according to the report, as it attempts to restore a reputation that was damaged by the “Dieselgate” emissions scandal.

VW hopes Scout will be key to doubling its 5% US EV market share; the automaker hit a roadblock this year after selling out all of its electric vehicle offerings — ID.4s and Audi E-trons included — for 2022. In its previous life, Scout built an off-road SUV for compete with Jeep in the 1960s and is reborn now as a company that can thrive separately from VW (and maybe go public itself) so it can try to compete with electric SUVs and trucks that remain a popular category in the United States.

It remains to be seen whether Scout will design retro-looking boxy SUVs like the indefinitely delayed Bollinger B1/B2 and Hummer EV or follow the trends of other midsize and compact SUVs with well-worn nameplates like the Ford Mustang Mach- E and the new Chevy Blazer. One thing is certain: the company is said to be working on vehicles that are suitable for camping, off-roading or working – a clear indication that Ford’s F-150 Lightning and Rivian R1T electric pickup trucks are prime targets.

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Dupont Capital Management Corp buys shares of 3,381 Franklin Electric Co., Inc. (NASDAQ: FELE) https://eumag.org/dupont-capital-management-corp-buys-shares-of-3381-franklin-electric-co-inc-nasdaq-fele/ Mon, 18 Jul 2022 09:52:49 +0000 https://eumag.org/dupont-capital-management-corp-buys-shares-of-3381-franklin-electric-co-inc-nasdaq-fele/ Dupont Capital Management Corp bought a new stake in shares of Franklin Electric Co., Inc. (NASDAQ:FELE – Get Rating) during Q1, according to its most recent Form 13F filing with the SEC. The fund bought 3,381 shares of the industrial products company, valued at around $281,000. Other large investors have also recently increased or reduced […]]]>

Dupont Capital Management Corp bought a new stake in shares of Franklin Electric Co., Inc. (NASDAQ:FELE – Get Rating) during Q1, according to its most recent Form 13F filing with the SEC. The fund bought 3,381 shares of the industrial products company, valued at around $281,000.

Other large investors have also recently increased or reduced their stake in the company. Nisa Investment Advisors LLC increased its stake in Franklin Electric by 9.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 12,490 shares of the industrial products company valued at $1,084,000 after purchasing an additional 1,050 shares during the period. O Shares Investment Advisers LLC increased its stake in Franklin Electric by 2.3% during the 4th quarter. O Shares Investment Advisers LLC now owns 7,697 shares of the industrial products company valued at $728,000 after purchasing an additional 174 shares during the period. Connable Office Inc. increased its stake in Franklin Electric by 6.5% during the 4th quarter. Connable Office Inc. now owns 7,741 shares of the industrial products company valued at $732,000 after purchasing an additional 471 shares during the period. JPMorgan Chase & Co. increased its stake in Franklin Electric by 82.4% in the 4th quarter. JPMorgan Chase & Co. now owns 100,360 shares of the industrial products company valued at $9,491,000 after purchasing an additional 45,335 shares during the period. Finally, Tortoise Index Solutions LLC increased its stake in Franklin Electric by 16.2% during the 4th quarter. Tortoise Index Solutions LLC now owns 9,057 shares of the industrial products company valued at $856,000 after purchasing an additional 1,260 shares during the period. 77.59% of the shares are held by institutional investors and hedge funds.

Insider Buying and Selling at Franklin Electric

In other Franklin Electric news, Vice Chairman Paul Chhabra sold 7,079 shares of the company in a trade dated Friday, June 3. The shares were sold at an average price of $75.25, for a total transaction of $532,694.75. Following the completion of the sale, the vice president now directly owns 10,911 shares of the company, valued at $821,052.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink. Separately, Vice Chairman Paul Chhabra sold 7,079 shares in a transaction dated Friday, June 3. The shares were sold at an average price of $75.25, for a total value of $532,694.75. Following the completion of the sale, the vice president now owns 10,911 shares of the company, valued at $821,052.75. The transaction was disclosed in a filing with the SEC, accessible via this link. Additionally, CFO Jeffery L. Taylor purchased 2,000 shares of Franklin Electric in a trade that took place on Monday, May 9. The stock was purchased at an average price of $70.36 per share, with a total value of $140,720.00. Following the purchase, the CFO now owns 12,539 shares of the company, valued at approximately $882,244.04. Disclosure of this purchase can be found here. Insiders sold 29,565 shares of the company worth $2,162,514 in the past ninety days. Insiders of the company hold 3.10% of the shares of the company.

Franklin Electric trades up 3.2%

NASDAQ:FELE shares opened at $73.71 on Monday. The stock has a market capitalization of $3.41 billion, a PE ratio of 22.40 and a beta of 0.98. Franklin Electric Co., Inc. has a 1-year low of $68.27 and a 1-year high of $96.95. The company has a fifty-day moving average price of $72.48 and a 200-day moving average price of $79.62. The company has a current ratio of 1.70, a quick ratio of 0.62 and a debt ratio of 0.09.

Franklin Electric Inc (NASDAQ:FELE – Get Rating) last released quarterly earnings data on Tuesday, April 26. The industrial products company reported earnings per share (EPS) of $0.64 for the quarter, beating analysts’ consensus estimate of $0.63 by $0.01. Franklin Electric had a net margin of 8.75% and a return on equity of 16.08%. The company posted revenue of $451.50 million in the quarter, compared to $424.62 million expected by analysts. In the same period a year earlier, the company posted earnings per share of $0.59. Franklin Electric’s revenue for the quarter increased 35.5% year over year. Analysts expect Franklin Electric Co., Inc. to post EPS of 3.64 for the current fiscal year.

Franklin Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 19. Shareholders of record on Thursday, May 5 received a dividend of $0.195 per share. This represents a dividend of $0.78 on an annualized basis and a yield of 1.06%. The ex-dividend date was Wednesday, May 4. Franklin Electric’s dividend payout ratio (DPR) is 23.71%.

Changes to analyst ratings

A number of equity analysts have recently weighed in on FELE shares. StockNews.com downgraded Franklin Electric shares from a “buy” rating to a “hold” rating in a Monday, July 11 research rating. Robert W. Baird downgraded Franklin Electric shares from an “outperform” rating to a “neutral” rating and set a price target of $75.00 for the stock. in a research note Thursday. Northcoast Research began covering Franklin Electric shares in a research note on Friday. They issued a “buy” rating and a price target of $82.00 on the stock. Finally, Seaport Res Ptn upgraded Franklin Electric shares from a “neutral” rating to a “buy” rating in a Wednesday, April 27 research note. Two equity research analysts have rated the stock with a hold rating and three have assigned the stock a buy rating. Based on data from MarketBeat.com, Franklin Electric currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.00.

Franklin Electric Profile

(Get a rating)

Franklin Electric Co, Inc, together with its subsidiaries, designs, manufactures and distributes water and fuel pumping systems worldwide. It operates through three segments: Water Systems, Refueling Systems and Distribution. The Water Systems segment offers submersible motors, pumps, drives, electronic controls, water treatment systems, monitoring devices and related parts and equipment.

See also

Institutional ownership by quarter for Franklin Electric (NASDAQ:FELE)



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