Boston Trust Walden Corp Decreases Stock Holdings in Franklin Electric Co., Inc. (NASDAQ:FELE)

Boston Trust Walden Corp decreased its holdings in shares of Franklin Electric Co., Inc. (NASDAQ:FELE) by 1.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 648,516 shares of the industrial products company’s stock after selling 10,541 shares during the period. Boston Trust Walden Corp’s holdings in Franklin Electric were worth $63,198,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FELE. Blue Trust Inc. boosted its stake in Franklin Electric by 55.7% during the third quarter. Blue Trust Inc. now owns 299 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 107 shares in the last quarter. Spire Wealth Management bought a new position in Franklin Electric during the 4th quarter valued at about $29,000. Trust Co. of Vermont bought a new position in Franklin Electric during the fourth quarter valued at approximately $40,000. CWM LLC boosted its stake in shares of Franklin Electric by 16.7% in the 3rd quarter. CWM LLC now owns 684 shares of the industrial products company’s stock worth $72,000 after buying an additional 98 shares during the last quarter. Finally, USA Financial Formulas purchased a new stake in Franklin Electric during the third quarter valued at $74,000. Hedge funds and other institutional investors own 79.98% of the company’s stock.

Analyst Ratings Changes

Separately, Robert W. Baird lowered 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 Activity

In other news, insider Gregg C. Sengstack sold 1,500 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were 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 in the company, valued at approximately $905,187.04. The trade was a 14.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.72% of the company’s stock.

Franklin Electric Stock Performance

Franklin Electric stock opened at $99.99 on Monday. Franklin Electric Co., Inc. has a 1-year low of $91.67 and a 1-year high of $111.94. The company’s 50-day moving average is $101.03 and its 200 day moving average is $101.80. The firm has a market capitalization of $4.57 billion, a P/E ratio of 25.31, a price-to-earnings-growth ratio of 1.96 and a beta of 1.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.40 and a quick ratio of 1.06.

Franklin Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th will be given a dividend of $0.265 per share. The ex-dividend date of this dividend is Thursday, February 6th. This is a positive change from Franklin Electric’s previous quarterly dividend of $0.25. This represents a $1.06 dividend on an annualized basis and a dividend yield of 1.06%. Franklin Electric’s dividend payout ratio (DPR) is 25.32%.

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.