Dimensional Fund Advisors LP Sells 14,759 Shares of Franklin Electric Co., Inc. (NASDAQ:FELE)

Dimensional Fund Advisors LP cut its stake in shares of Franklin Electric Co., Inc. (NASDAQ:FELE - Free Report) by 1.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,017,642 shares of the industrial products company's stock after selling 14,759 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.23% of Franklin Electric worth $99,170,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Franklin Electric by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 4,769,582 shares of the industrial products company's stock valued at $464,796,000 after acquiring an additional 45,174 shares during the last quarter. Allianz Asset Management GmbH increased its holdings in Franklin Electric by 21.6% during the 4th quarter. Allianz Asset Management GmbH now owns 811,682 shares of the industrial products company's stock worth $79,098,000 after purchasing an additional 143,917 shares in the last quarter. Norges Bank purchased a new stake in Franklin Electric in the 4th quarter valued at $56,968,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Franklin Electric by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 503,775 shares of the industrial products company's stock valued at $49,093,000 after purchasing an additional 10,580 shares during the last quarter. Finally, KBC Group NV increased its stake in Franklin Electric by 7.3% in the 4th quarter. KBC Group NV now owns 415,179 shares of the industrial products company's stock valued at $40,459,000 after buying an additional 28,121 shares during the last quarter. 79.98% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Delancey W. Davis sold 961 shares of Franklin Electric stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $103.14, for a total value of $99,117.54. Following the completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.72% of the company's stock.

Franklin Electric Stock Performance

Shares of Franklin Electric stock opened at $89.17 on Monday. The firm has a market capitalization of $4.08 billion, a P/E ratio of 23.16, a price-to-earnings-growth ratio of 2.11 and a beta of 1.02. Franklin Electric Co., Inc. has a 12 month low of $82.69 and a 12 month high of $111.94. The company has a current ratio of 2.22, a quick ratio of 1.06 and a debt-to-equity ratio of 0.01. The business's fifty day simple moving average is $95.31 and its 200 day simple moving average is $99.71.

Franklin Electric (NASDAQ:FELE - Get Free Report) last posted its quarterly 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. Franklin Electric had a net margin of 8.92% and a return on equity of 14.46%. The company had revenue of $485.75 million for the quarter, compared to analysts' expectations of $465.87 million. As a group, analysts anticipate that Franklin Electric Co., Inc. will post 4.19 EPS for the current year.

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.

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