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

Running Oak Capital LLC lifted its stake in Franklin Electric Co., Inc. (NASDAQ:FELE) by 5.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 132,264 shares of the industrial products company’s stock after purchasing an additional 7,053 shares during the quarter. Running Oak Capital LLC owned about 0.29% of Franklin Electric worth $12,889,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Van ECK Associates Corp lifted its stake in shares of Franklin Electric by 40.0% during the third quarter. Van ECK Associates Corp now owns 24,818 shares of the industrial products company’s stock worth $2,532,000 after buying an additional 7,092 shares during the period. Intech Investment Management LLC lifted its position in Franklin Electric by 420.9% during the 3rd quarter. Intech Investment Management LLC now owns 11,001 shares of the industrial products company’s stock worth $1,153,000 after acquiring an additional 8,889 shares during the period. Blue Trust Inc. lifted its position in Franklin Electric by 55.7% during the 3rd quarter. Blue Trust Inc. now owns 299 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 107 shares during the period. PDT Partners LLC grew its stake in Franklin Electric by 241.8% during the 3rd quarter. PDT Partners LLC now owns 12,029 shares of the industrial products company’s stock valued at $1,261,000 after purchasing an additional 8,510 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Franklin Electric by 19.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,800 shares of the industrial products company’s stock valued at $293,000 after purchasing an additional 451 shares during the period. 79.98% of the stock is currently owned by institutional investors and hedge funds.

Franklin Electric Stock Down 0.5 %

Shares of FELE stock opened at $98.57 on Friday. The company has a current ratio of 2.40, a quick ratio of 1.06 and a debt-to-equity ratio of 0.01. Franklin Electric Co., Inc. has a twelve month low of $91.67 and a twelve month high of $111.94. The stock has a 50 day moving average of $101.73 and a 200 day moving average of $101.83. The stock has a market cap of $4.50 billion, a P/E ratio of 24.95, a P/E/G ratio of 1.93 and a beta of 1.00.

Franklin Electric (NASDAQ:FELE) last issued its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.10). Franklin Electric had a net margin of 9.22% and a return on equity of 15.03%. The business had revenue of $531.40 million during the quarter, compared to analyst estimates of $551.08 million. During the same period in the previous year, the business posted $1.23 earnings per share. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. As a group, sell-side analysts expect that Franklin Electric Co., Inc. will post 3.81 EPS for the current year.

Franklin Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.01%. The ex-dividend date was Thursday, November 7th. Franklin Electric’s dividend payout ratio is currently 25.32%.

Analyst Ratings Changes

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

Insider Transactions at Franklin Electric

In related news, insider Gregg C. Sengstack sold 1,500 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $100.22, for a total value of $150,330.00. Following the completion of the sale, the insider now owns 9,032 shares of the company’s stock, valued at approximately $905,187.04. This trade represents a 14.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.72% of the company’s stock.

About Franklin Electric

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.