Amundi Raises Stock Position in Franklin Electric Co., Inc. (NASDAQ:FELE)

Amundi increased its holdings in shares of Franklin Electric Co., Inc. (NASDAQ:FELE - Free Report) by 7.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 262,542 shares of the industrial products company's stock after purchasing an additional 18,403 shares during the period. Amundi owned approximately 0.57% of Franklin Electric worth $24,941,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FELE. Spire Wealth Management purchased a new position in Franklin Electric in the fourth quarter valued at $29,000. Trust Co. of Vermont purchased a new position in Franklin Electric in the fourth quarter valued at $40,000. Blue Trust Inc. increased its holdings in Franklin Electric by 66.2% in the fourth quarter. Blue Trust Inc. now owns 497 shares of the industrial products company's stock valued at $52,000 after buying an additional 198 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in Franklin Electric by 189.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 642 shares of the industrial products company's stock valued at $62,000 after buying an additional 420 shares in the last quarter. Finally, Point72 DIFC Ltd purchased a new position in Franklin Electric in the third quarter valued at $77,000. Hedge funds and other institutional investors own 79.98% of the company's stock.

Insider Buying and Selling

In related news, insider Delancey W. Davis sold 961 shares of the business's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $103.14, for a total transaction of $99,117.54. Following the transaction, the insider now directly owns 7,701 shares in the company, valued at approximately $794,281.14. The trade was a 11.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.72% of the stock is currently owned by company insiders.

Franklin Electric Stock Down 1.5 %

FELE opened at $98.23 on Friday. The stock has a market capitalization of $4.49 billion, a price-to-earnings ratio of 25.51, a PEG ratio of 2.11 and a beta of 0.98. The company has a fifty day moving average of $99.93 and a two-hundred day moving average of $101.91. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.06 and a current ratio of 2.22. Franklin Electric Co., Inc. has a fifty-two week low of $91.67 and a fifty-two week high of $111.94.

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Franklin Electric (NASDAQ:FELE - Get Free Report) last released its earnings results on Tuesday, February 18th. The industrial products company reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.03. The business had revenue of $485.75 million during the quarter, compared to analysts' expectations of $465.87 million. Franklin Electric had a net margin of 8.92% and a return on equity of 14.46%. On average, research analysts expect that Franklin Electric Co., Inc. will post 4.19 earnings per share for the current year.

Franklin Electric Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were paid a dividend of $0.265 per share. The ex-dividend date was Thursday, February 6th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 1.08%. This is a boost from Franklin Electric's previous quarterly dividend of $0.25. Franklin Electric's payout ratio is currently 27.53%.

About Franklin Electric

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.

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