BHK Investment Advisors LLC Purchases 125 Shares of Franklin Electric Co., Inc. (NASDAQ:FELE)

BHK Investment Advisors LLC lifted its position in shares of Franklin Electric Co., Inc. (NASDAQ:FELE) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,139 shares of the industrial products company’s stock after purchasing an additional 125 shares during the period. BHK Investment Advisors LLC’s holdings in Franklin Electric were worth $501,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in shares of Franklin Electric by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,004,057 shares of the industrial products company’s stock valued at $105,264,000 after acquiring an additional 9,170 shares during the period. Allianz Asset Management GmbH boosted its holdings in Franklin Electric by 21.6% in the 4th quarter. Allianz Asset Management GmbH now owns 811,682 shares of the industrial products company’s stock valued at $79,098,000 after purchasing an additional 143,917 shares during the period. KBC Group NV boosted its holdings in Franklin Electric by 7.3% in the 4th quarter. KBC Group NV now owns 415,179 shares of the industrial products company’s stock valued at $40,459,000 after purchasing an additional 28,121 shares during the period. Principal Financial Group Inc. grew its position in shares of Franklin Electric by 3.9% during the 4th quarter. Principal Financial Group Inc. now owns 205,212 shares of the industrial products company’s stock worth $19,998,000 after purchasing an additional 7,628 shares in the last quarter. Finally, Tributary Capital Management LLC increased its holdings in shares of Franklin Electric by 1.2% during the fourth quarter. Tributary Capital Management LLC now owns 181,123 shares of the industrial products company’s stock worth $17,650,000 after purchasing an additional 2,212 shares during the period. 79.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Franklin Electric Price Performance

Shares of FELE opened at $103.81 on Tuesday. The business has a 50-day moving average of $99.29 and a 200-day moving average of $101.81. Franklin Electric Co., Inc. has a 1 year low of $91.67 and a 1 year high of $111.94. The company has a market capitalization of $4.74 billion, a price-to-earnings ratio of 26.96, a price-to-earnings-growth ratio of 2.11 and a beta of 1.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.22 and a quick ratio of 1.06.

Franklin Electric (NASDAQ:FELE) last posted its quarterly earnings data 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. Franklin Electric had a return on equity of 14.46% and a net margin of 8.92%. The firm had revenue of $485.75 million during the quarter, compared to analyst estimates of $465.87 million. As a group, equities research analysts anticipate that Franklin Electric Co., Inc. will post 4.19 earnings per share for the current year.

Franklin Electric Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were issued a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a yield of 1.02%. This is a boost from Franklin Electric’s previous quarterly dividend of $0.25. The ex-dividend date was Thursday, February 6th. Franklin Electric’s dividend payout ratio (DPR) 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.