Franklin Electric Co., Inc. (NASDAQ:FELE) Shares Purchased by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. raised its position in Franklin Electric Co., Inc. (NASDAQ:FELE) by 20.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 59,226 shares of the industrial products company’s stock after acquiring an additional 10,224 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Franklin Electric were worth $6,208,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Boston Trust Walden Corp grew its stake in shares of Franklin Electric by 0.6% in the third quarter. Boston Trust Walden Corp now owns 659,057 shares of the industrial products company’s stock worth $69,082,000 after acquiring an additional 3,847 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Franklin Electric during the third quarter worth about $246,000. Assenagon Asset Management S.A. increased its stake in shares of Franklin Electric by 6.3% during the third quarter. Assenagon Asset Management S.A. now owns 176,080 shares of the industrial products company’s stock worth $18,457,000 after buying an additional 10,479 shares during the period. Signaturefd LLC raised its holdings in Franklin Electric by 29.9% in the third quarter. Signaturefd LLC now owns 712 shares of the industrial products company’s stock valued at $75,000 after acquiring an additional 164 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in Franklin Electric by 2.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,030,238 shares of the industrial products company’s stock worth $212,810,000 after acquiring an additional 40,248 shares during the last quarter. 79.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Franklin Electric

In other Franklin Electric news, insider Gregg C. Sengstack sold 5,396 shares of Franklin Electric stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $106.64, for a total transaction of $575,429.44. Following the completion of the sale, the insider now directly owns 98,093 shares of the company’s stock, valued at $10,460,637.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Gregg C. Sengstack sold 5,396 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $106.64, for a total value of $575,429.44. Following the completion of the transaction, the insider now owns 98,093 shares in the company, valued at approximately $10,460,637.52. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Gregg C. Sengstack sold 5,000 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $103.87, for a total transaction of $519,350.00. Following the completion of the transaction, the insider now owns 108,489 shares of the company’s stock, valued at $11,268,752.43. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.72% of the stock is currently owned by corporate insiders.

Franklin Electric Trading Down 0.3 %

Shares of NASDAQ:FELE opened at $101.60 on Friday. Franklin Electric Co., Inc. has a 52 week low of $83.71 and a 52 week high of $108.39. The company’s 50 day moving average is $101.94 and its two-hundred day moving average is $100.22. The company has a market cap of $4.64 billion, a PE ratio of 25.34, a P/E/G ratio of 2.02 and a beta of 0.95. The company has a current ratio of 2.65, a quick ratio of 1.14 and a debt-to-equity ratio of 0.07.

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.