Crawford Investment Counsel Increased Its Franklin Elec (FELE) Holding by $612,900; Thermo Fisher Scientific (TMO) Holder Grand Jean Capital Management Has Cut Position as Share Price Rose

September 14, 2018 - By Heather Owens

Franklin Electric Co., Inc. (NASDAQ:FELE) Logo

Crawford Investment Counsel Inc increased its stake in Franklin Elec Inc (FELE) by 22.18% based on its latest 2018Q2 regulatory filing with the SEC. Crawford Investment Counsel Inc bought 13,620 shares as the company’s stock rose 5.04% with the market. The institutional investor held 75,020 shares of the consumer durables company at the end of 2018Q2, valued at $3.38 million, up from 61,400 at the end of the previous reported quarter. Crawford Investment Counsel Inc who had been investing in Franklin Elec Inc for a number of months, seems to be bullish on the $2.33 billion market cap company. The stock increased 0.50% or $0.25 during the last trading session, reaching $49.9. About 40,027 shares traded. Franklin Electric Co., Inc. (NASDAQ:FELE) has risen 24.68% since September 14, 2017 and is uptrending. It has outperformed by 9.06% the S&P500. Some Historical FELE News: 01/05/2018 – Franklin Electric Raises 2018 View To EPS $2.27-EPS $2.37 From Previous Guidance of EPS $2.16-EPS $2.28; 23/04/2018 – FRANKLIN ELECTRIC CO FELE.O SETS QUARTERLY CASH DIVIDEND OF $0.12/SHR; 03/04/2018 – New Franklin Electric SpecPAK™ Pressure Boosting System Simplifies Multi-Pump Specification & Installation; 01/05/2018 – Franklin Electric Raising 2018 Rev Guidance Due to Strong Start to Year in Water and Fueling Systems Segments, Better Than Expected Sequential Growth in Distribution; 23/04/2018 – FRANKLIN ELECTRIC BOOSTS QTR DIV; 21/04/2018 – DJ Franklin Electric Co Inc, Inst Holders, 1Q 2018 (FELE); 23/04/2018 – Franklin Electric Raises Quarter Dividend to 12c Vs. 10.75c; 23/04/2018 – FRANKLIN ELECTRIC BOOSTS DIV TO 12C/SHR FROM 10.75C/SHR; 01/05/2018 – Franklin Electric 1Q EPS 45c; 01/05/2018 – Franklin Electric Sees 2018 Organic Rev Growth in 6%-8% Range

Grand Jean Capital Management Inc decreased its stake in Thermo Fisher Scientific (TMO) by 1.78% based on its latest 2018Q2 regulatory filing with the SEC. Grand Jean Capital Management Inc sold 1,657 shares as the company’s stock rose 10.49% with the market. The institutional investor held 91,328 shares of the industrial machinery and components company at the end of 2018Q2, valued at $18.92M, down from 92,985 at the end of the previous reported quarter. Grand Jean Capital Management Inc who had been investing in Thermo Fisher Scientific for a number of months, seems to be less bullish one the $97.38B market cap company. The stock decreased 0.85% or $2.08 during the last trading session, reaching $241.75. About 331,296 shares traded. Thermo Fisher Scientific Inc. (NYSE:TMO) has risen 23.20% since September 14, 2017 and is uptrending. It has outperformed by 7.58% the S&P500. Some Historical TMO News: 09/03/2018 – Skyland Analytics Appoints James C. Mullen, Former Biogen and Patheon CEO, to Advisory Board; 24/04/2018 – Bio-Techne Announces New Leadership Appointment; 16/03/2018 – THERMO FISHER SCIENTIFIC INC SAYS INVESTING $35 MLN IN A STATE-OF THE ART PHARMA SERVICES SUPPLY CHAIN FACILITY IN RHEINFELDEN (BADEN) GERMANY; 25/04/2018 – Thermo Companies Expects to Initiate a Rights Offering of Up to $100M for Minority Hldrs; 17/04/2018 – Thermo Fisher Scientific Showcases Bioprocessing Workflow Solutions at INTERPHEX; 16/05/2018 – Testing for all lung cancer mutations at once found cost effective-study; 16/04/2018 – Thermo Fisher Scientific Launches Oncomine Childhood Cancer Research Assay and Establishes International Childhood Oncology Network; 01/05/2018 – Thermo Fisher Scientific Signs New Agreements to Expand Oncomine Dx Target Test; 01/05/2018 – S&PGR Upgrades Thermo Fisher Scientific To ‘BBB+’; Otlk Stable; 29/05/2018 – Thermo King “Moves Food” to Increase Food Security

Investors sentiment increased to 1.52 in 2018 Q2. Its up 0.55, from 0.97 in 2018Q1. It increased, as 5 investors sold FELE shares while 43 reduced holdings. 18 funds opened positions while 55 raised stakes. 36.54 million shares or 4.91% more from 34.83 million shares in 2018Q1 were reported. Monarch Cap Mgmt reported 2.85% stake. Pinebridge LP reported 0.03% in Franklin Electric Co., Inc. (NASDAQ:FELE). Amer Cap Mngmt accumulated 473,247 shares. 12,571 are held by State Of Alaska Department Of Revenue. Jpmorgan Chase & Commerce reported 160,741 shares or 0% of all its holdings. Metropolitan Life Insurance holds 0% or 15,203 shares. Moreover, Louisiana State Employees Retirement System has 0.04% invested in Franklin Electric Co., Inc. (NASDAQ:FELE). 200 were reported by Strs Ohio. Moreover, Manufacturers Life Com The has 0% invested in Franklin Electric Co., Inc. (NASDAQ:FELE). Us Commercial Bank De reported 20,960 shares or 0% of all its holdings. Great West Life Assurance Can reported 49,764 shares. Amundi Pioneer Asset holds 232,886 shares. Blackrock invested in 5.79 million shares. Zebra Mgmt Ltd Limited Liability Company, a Connecticut-based fund reported 23,251 shares. Crawford Investment Counsel Inc holds 75,020 shares or 0.11% of its portfolio.

Another recent and important Franklin Electric Co., Inc. (NASDAQ:FELE) news was published by Nasdaq.com which published an article titled: “Factors of Influence in 2018, Key Indicators and Opportunity within Newtek Business Services, Icahn Enterprises …” on September 04, 2018.

Since March 16, 2018, it had 0 buys, and 5 sales for $449,561 activity. Aikman Steven William also sold $174,615 worth of Franklin Electric Co., Inc. (NASDAQ:FELE) shares. 658 shares were sold by davis delancey w, worth $30,334 on Friday, May 25. The insider Haines John J sold 2,500 shares worth $106,250.

Among 7 analysts covering Franklin Electric (NASDAQ:FELE), 2 have Buy rating, 0 Sell and 5 Hold. Therefore 29% are positive. Franklin Electric had 16 analyst reports since September 30, 2015 according to SRatingsIntel. The stock of Franklin Electric Co., Inc. (NASDAQ:FELE) earned “Neutral” rating by Boenning & Scattergood on Thursday, October 15. Robert W. Baird maintained Franklin Electric Co., Inc. (NASDAQ:FELE) rating on Wednesday, October 4. Robert W. Baird has “Hold” rating and $45.0 target. The firm has “Buy” rating by Boenning & Scattergood given on Tuesday, May 1. The firm has “Sell” rating by Ladenburg Thalmann given on Tuesday, December 22. Alembic initiated the stock with “Overweight” rating in Wednesday, September 30 report. Wedbush maintained the stock with “Neutral” rating in Wednesday, February 24 report. The firm earned “Neutral” rating on Friday, June 10 by Seaport Global. The stock of Franklin Electric Co., Inc. (NASDAQ:FELE) has “Neutral” rating given on Wednesday, October 25 by Robert W. Baird. The rating was maintained by Robert W. Baird with “Hold” on Wednesday, April 4. The firm earned “Outperform” rating on Monday, July 11 by Boenning & Scattergood.

Crawford Investment Counsel Inc, which manages about $4.53B and $3.15 billion US Long portfolio, decreased its stake in Exxon Mobil Corp (NYSE:XOM) by 277,462 shares to 429,961 shares, valued at $35.57M in 2018Q2, according to the filing. It also reduced its holding in United Technologies Corp (NYSE:UTX) by 17,162 shares in the quarter, leaving it with 312,068 shares, and cut its stake in Vodafone Group Plc New (NASDAQ:VOD).

More news for Thermo Fisher Scientific Inc. (NYSE:TMO) were recently published by: Fool.com, which released: “3 Dividend Stocks Perfect for Retirees” on September 05, 2018. Seekingalpha.com‘s article titled: “Thermo Fisher to acquire advanced bioprocessing business from BD” and published on September 07, 2018 is yet another important article.

Analysts await Thermo Fisher Scientific Inc. (NYSE:TMO) to report earnings on October, 24. They expect $2.55 earnings per share, up 10.39% or $0.24 from last year’s $2.31 per share. TMO’s profit will be $1.03 billion for 23.70 P/E if the $2.55 EPS becomes a reality. After $2.75 actual earnings per share reported by Thermo Fisher Scientific Inc. for the previous quarter, Wall Street now forecasts -7.27% negative EPS growth.

Among 19 analysts covering Thermo Fisher Scientific (NYSE:TMO), 18 have Buy rating, 0 Sell and 1 Hold. Therefore 95% are positive. Thermo Fisher Scientific had 65 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was maintained by Mizuho with “Buy” on Friday, May 27. As per Thursday, March 30, the company rating was maintained by Jefferies. The stock of Thermo Fisher Scientific Inc. (NYSE:TMO) earned “Buy” rating by BTIG Research on Friday, July 22. The firm has “Buy” rating given on Friday, April 28 by Leerink Swann. The stock of Thermo Fisher Scientific Inc. (NYSE:TMO) earned “Outperform” rating by Leerink Swann on Thursday, November 10. The rating was downgraded by Jefferies on Friday, April 29 to “Hold”. Leerink Swann maintained the shares of TMO in report on Monday, December 4 with “Buy” rating. The firm has “Buy” rating by Cowen & Co given on Wednesday, October 11. As per Thursday, February 1, the company rating was maintained by Jefferies. The firm has “Buy” rating given on Wednesday, October 25 by Cowen & Co.

Since March 21, 2018, it had 0 insider purchases, and 5 sales for $38.07 million activity. Williamson Stephen also sold $530,000 worth of Thermo Fisher Scientific Inc. (NYSE:TMO) on Monday, June 4. $44,174 worth of Thermo Fisher Scientific Inc. (NYSE:TMO) shares were sold by HARRIS C MARTIN.

Investors sentiment increased to 1.08 in Q2 2018. Its up 0.22, from 0.86 in 2018Q1. It is positive, as 43 investors sold TMO shares while 378 reduced holdings. 100 funds opened positions while 356 raised stakes. 332.19 million shares or 0.06% more from 331.98 million shares in 2018Q1 were reported. 4,270 were reported by Cibc National Bank Usa. Burt Wealth Advisors reported 261 shares. Gw Henssler & Assoc Limited, a Georgia-based fund reported 35,043 shares. Bp Pcl stated it has 0.62% of its portfolio in Thermo Fisher Scientific Inc. (NYSE:TMO). Massachusetts Ma accumulated 22.18M shares. Compass Capital Management stated it has 134,801 shares or 4.06% of all its holdings. 82,889 are held by Lathrop Invest Mngmt Corp. Ohio-based Victory Capital Mngmt Incorporated has invested 0.01% in Thermo Fisher Scientific Inc. (NYSE:TMO). Peak Asset Management Ltd Liability Co reported 0.31% of its portfolio in Thermo Fisher Scientific Inc. (NYSE:TMO). 30,000 are held by Howard Hughes Institute. Gofen And Glossberg Lc Il reported 2.51% of its portfolio in Thermo Fisher Scientific Inc. (NYSE:TMO). The Massachusetts-based Baldwin Brothers Ma has invested 0.22% in Thermo Fisher Scientific Inc. (NYSE:TMO). Sg Americas Limited Liability stated it has 0.04% in Thermo Fisher Scientific Inc. (NYSE:TMO). Pub Employees Retirement System Of Ohio reported 0.4% of its portfolio in Thermo Fisher Scientific Inc. (NYSE:TMO). Plante Moran Advsrs Limited Liability stated it has 0.04% in Thermo Fisher Scientific Inc. (NYSE:TMO).

Thermo Fisher Scientific Inc. (NYSE:TMO) Institutional Positions Chart

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