Signaturefd LLC Has $75,000 Holdings in Franklin Electric Co., Inc. (NASDAQ:FELE)

Signaturefd LLC raised its position in shares of Franklin Electric Co., Inc. (NASDAQ:FELE) by 29.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 712 shares of the industrial products company’s stock after purchasing an additional 164 shares during the quarter. Signaturefd LLC’s holdings in Franklin Electric were worth $75,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. CWM LLC increased its position in Franklin Electric by 16.7% during the 3rd quarter. CWM LLC now owns 684 shares of the industrial products company’s stock valued at $72,000 after purchasing an additional 98 shares during the period. Blue Trust Inc. increased 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 valued at $29,000 after purchasing an additional 107 shares during the period. Marshall Wace LLP grew its position in shares of Franklin Electric by 1.0% during the 2nd quarter. Marshall Wace LLP now owns 11,009 shares of the industrial products company’s stock worth $1,060,000 after buying an additional 109 shares during the period. Duality Advisers LP grew its position in shares of Franklin Electric by 1.6% during the 1st quarter. Duality Advisers LP now owns 8,857 shares of the industrial products company’s stock worth $946,000 after buying an additional 137 shares during the period. Finally, Arizona State Retirement System grew its position in shares of Franklin Electric by 1.8% during the 2nd quarter. Arizona State Retirement System now owns 10,971 shares of the industrial products company’s stock worth $1,057,000 after buying an additional 195 shares during the period. Institutional investors and hedge funds own 79.98% of the company’s stock.

Franklin Electric Stock Performance

Shares of FELE stock opened at $96.09 on Wednesday. The company has a market cap of $4.43 billion, a price-to-earnings ratio of 23.90, a price-to-earnings-growth ratio of 2.02 and a beta of 0.95. Franklin Electric Co., Inc. has a 52 week low of $84.20 and a 52 week high of $108.39. The company has a quick ratio of 1.14, a current ratio of 2.65 and a debt-to-equity ratio of 0.07. The firm has a 50 day moving average of $101.99 and a 200-day moving average of $100.22.

Franklin Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Thursday, November 7th. Franklin Electric’s dividend payout ratio (DPR) is 24.88%.

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.