Barclays PLC Raises Holdings in Franklin Electric Co., Inc. (NASDAQ:FELE)

Barclays PLC grew its position in Franklin Electric Co., Inc. (NASDAQ:FELE - Free Report) by 237.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 87,620 shares of the industrial products company's stock after buying an additional 61,640 shares during the period. Barclays PLC owned approximately 0.19% of Franklin Electric worth $9,184,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. increased its holdings in Franklin Electric by 55.7% in the 3rd quarter. Blue Trust Inc. now owns 299 shares of the industrial products company's stock worth $29,000 after buying an additional 107 shares in the last quarter. CWM LLC grew its stake in shares of Franklin Electric by 16.7% in the third quarter. CWM LLC now owns 684 shares of the industrial products company's stock worth $72,000 after acquiring an additional 98 shares during the period. USA Financial Formulas bought a new stake in shares of Franklin Electric in the third quarter worth approximately $74,000. Signaturefd LLC raised its holdings in shares of Franklin Electric by 29.9% during the third quarter. Signaturefd LLC now owns 712 shares of the industrial products company's stock valued at $75,000 after purchasing an additional 164 shares during the last quarter. Finally, Point72 DIFC Ltd bought a new position in Franklin Electric during the third quarter valued at approximately $77,000. Institutional investors own 79.98% of the company's stock.

Insider Buying and Selling at Franklin Electric

In related news, insider Gregg C. Sengstack sold 1,500 shares of the company's stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $100.22, for a total transaction of $150,330.00. Following the transaction, the insider now directly owns 9,032 shares in the company, valued at approximately $905,187.04. This represents a 14.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.72% of the company's stock.

Analysts Set New Price Targets

Separately, Robert W. Baird dropped 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.

Franklin Electric Price Performance

FELE traded down $4.68 during trading on Wednesday, reaching $99.31. 221,053 shares of the company traded hands, compared to its average volume of 175,639. Franklin Electric Co., Inc. has a 12-month low of $91.45 and a 12-month high of $111.94. The firm has a fifty day simple moving average of $105.23 and a 200 day simple moving average of $101.62. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.06 and a current ratio of 2.40. The company has a market cap of $4.54 billion, a P/E ratio of 25.14, a PEG ratio of 2.35 and a beta of 0.98.

Franklin Electric (NASDAQ:FELE - Get Free Report) last issued its earnings results on Tuesday, October 29th. The industrial products company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.10). Franklin Electric had a return on equity of 15.03% and a net margin of 9.22%. The firm had revenue of $531.40 million during the quarter, compared to the consensus estimate of $551.08 million. During the same period last year, the firm posted $1.23 earnings per share. The company's revenue for the quarter was down 1.4% compared to the same quarter last year. On average, equities analysts forecast that Franklin Electric Co., Inc. will post 3.81 EPS for the current year.

Franklin Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, November 7th. This represents a $1.00 annualized dividend and a yield of 1.01%. Franklin Electric's payout ratio is currently 25.32%.

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.