Mutual of America Capital Management LLC Lowers Stock Holdings in Franklin Electric Co., Inc. (NASDAQ:FELE)

Mutual of America Capital Management LLC reduced its position in Franklin Electric Co., Inc. (NASDAQ:FELE) by 4.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,773 shares of the industrial products company’s stock after selling 2,279 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.11% of Franklin Electric worth $4,987,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of FELE. Principal Securities Inc. purchased a new position in Franklin Electric in the fourth quarter valued at $33,000. GAMMA Investing LLC boosted its stake in shares of Franklin Electric by 88.0% in the 1st quarter. GAMMA Investing LLC now owns 314 shares of the industrial products company’s stock valued at $34,000 after buying an additional 147 shares during the period. ORG Partners LLC purchased a new position in shares of Franklin Electric in the 2nd quarter valued at about $36,000. TFO Wealth Partners LLC grew its position in shares of Franklin Electric by 121,400.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,215 shares of the industrial products company’s stock worth $117,000 after buying an additional 1,214 shares in the last quarter. Finally, Quest Partners LLC purchased a new stake in shares of Franklin Electric during the fourth quarter worth approximately $147,000. 79.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Franklin Electric news, insider Gregg C. Sengstack sold 5,396 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $106.64, for a total value of $575,429.44. Following the completion of the sale, the insider now owns 98,093 shares in the company, valued at $10,460,637.52. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, insider Gregg C. Sengstack sold 5,000 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $103.87, for a total transaction of $519,350.00. Following the transaction, the insider now owns 108,489 shares of the company’s stock, valued at $11,268,752.43. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Gregg C. Sengstack sold 5,396 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $106.64, for a total value of $575,429.44. Following the sale, the insider now directly owns 98,093 shares of the company’s stock, valued at $10,460,637.52. The disclosure for this sale can be found here. Insiders have sold 24,486 shares of company stock worth $2,568,171 in the last quarter. 2.72% of the stock is owned by insiders.

Franklin Electric Stock Down 1.5 %

Shares of NASDAQ:FELE opened at $102.29 on Friday. The company has a quick ratio of 1.14, a current ratio of 2.65 and a debt-to-equity ratio of 0.07. Franklin Electric Co., Inc. has a fifty-two week low of $82.61 and a fifty-two week high of $108.39. The stock has a market cap of $4.71 billion, a price-to-earnings ratio of 25.45, a price-to-earnings-growth ratio of 1.88 and a beta of 0.95. The firm’s 50 day moving average price is $100.54 and its 200 day moving average price is $100.12.

Franklin Electric (NASDAQ:FELE) last released its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06). The company had revenue of $543.30 million for the quarter, compared to analyst estimates of $570.80 million. Franklin Electric had a return on equity of 15.57% and a net margin of 9.35%. The firm’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.27 EPS. As a group, equities research analysts predict that Franklin Electric Co., Inc. will post 4.22 earnings per share for the current fiscal year.

Franklin Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.98%. Franklin Electric’s dividend payout ratio (DPR) is presently 24.88%.

Franklin Electric Company 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.