American Capital Management Inc buys $16,444,144 stake in Franklin Electric Co. (FELE)

Franklin Electric Co. (FELE) : American Capital Management Inc scooped up 9,260 additional shares in Franklin Electric Co. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 437,810 shares of Franklin Electric Co. which is valued at $16,444,144.Franklin Electric Co. makes up approximately 1.31% of American Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Morgan Dempsey Capital Management added FELE to its portfolio by purchasing 28,273 company shares during the most recent quarter which is valued at $1,094,731. Franklin Electric Co. makes up approx 0.36% of Morgan Dempsey Capital Management’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in FELE by selling 2,603 shares or 20.43% in the most recent quarter. The Hedge Fund company now holds 10,140 shares of FELE which is valued at $392,621.Confluence Investment Management reduced its stake in FELE by selling 11 shares or 0.02% in the most recent quarter. The Hedge Fund company now holds 57,542 shares of FELE which is valued at $2,276,362. Franklin Electric Co. makes up approx 0.06% of Confluence Investment Management’s portfolio.Next Financial Group Inc boosted its stake in FELE in the latest quarter, The investment management firm added 1,550 additional shares and now holds a total of 5,177 shares of Franklin Electric Co. which is valued at $176,587. Franklin Electric Co. makes up approx 0.06% of Next Financial Group Inc’s portfolio.

Franklin Electric Co. closed down -0.17 points or -0.45% at $37.7 with 1,35,970 shares getting traded on Monday. Post opening the session at $37.96, the shares hit an intraday low of $37.57 and an intraday high of $38.28 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Franklin Electric Co. reported $0.51 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $0.49. The company had revenue of $252.08 million for the quarter, compared to analysts expectations of $255.59 million. The company’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS.

Many Wall Street Analysts have commented on Franklin Electric Co.. Boenning & Scattergood Upgraded Franklin Electric Co. on Jul 11, 2016 to ” Outperform”, Price Target of the shares are set at $40.Seaport Global Securities Downgraded Franklin Electric Co. on Jun 10, 2016 to ” Neutral”, Price Target of the shares are set at $36.

Franklin Electric Co Inc. together with its subsidiaries is engaged in designing manufacturing and distributing water and fuel pumping systems composed of submersible motors pumps electronic controls and related parts and equipment. The Company’s business consists of two segments: the Water Systems segment and the Fueling Systems segment. The Company’s Water Systems produces and markets water pumping systems and is also engaged in submersible motors pumps drives electronic controls and monitoring devices. The Company’s Fueling Systems is engaged in the production and marketing of fuel pumping systems fuel containment systems and monitoring and control systems. The Company’s Water Systems and Fueling Systems products and related equipment are sold to specialty distributors and some original equipment manufacturers as well as industrial and petroleum equipment distributors and oil and utility companies.

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