Dupont Capital Management Corp buys shares of 3,381 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 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

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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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