F M Investments LLC Lowers Stake in Franklin Electric Co., Inc. (NASDAQ:FELE)

F M Investments LLC decreased its position in shares of Franklin Electric Co., Inc. (NASDAQ:FELE - Free Report) by 67.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,741 shares of the industrial products company's stock after selling 64,222 shares during the period. F M Investments LLC owned about 0.07% of Franklin Electric worth $2,996,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Franklin Electric in the fourth quarter valued at approximately $56,968,000. Allianz Asset Management GmbH boosted its holdings in Franklin Electric by 21.6% in the 4th quarter. Allianz Asset Management GmbH now owns 811,682 shares of the industrial products company's stock valued at $79,098,000 after purchasing an additional 143,917 shares during the period. Proficio Capital Partners LLC bought a new position in Franklin Electric during the fourth quarter worth about $134,000. JPMorgan Chase & Co. grew its position in Franklin Electric by 60.1% during the 4th quarter. JPMorgan Chase & Co. now owns 247,098 shares of the industrial products company's stock worth $24,080,000 after acquiring an additional 92,793 shares during the last quarter. Finally, Wealthfront Advisers LLC acquired a new position in Franklin Electric during the 4th quarter valued at about $8,046,000. 79.98% of the stock is currently owned by institutional investors.

Franklin Electric Trading Down 1.3 %

NASDAQ:FELE traded down $1.17 on Wednesday, reaching $87.74. The company's stock had a trading volume of 46,366 shares, compared to its average volume of 198,865. The firm has a market cap of $4.02 billion, a PE ratio of 22.79, a PEG ratio of 2.11 and a beta of 1.02. The business's 50-day moving average price is $97.54 and its two-hundred day moving average price is $100.67. 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 1-year low of $82.69 and a 1-year high of $111.94.

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Franklin Electric (NASDAQ:FELE - Get Free Report) last announced its earnings results on Tuesday, February 18th. The industrial products company reported $0.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.03. The company 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%. Equities research analysts anticipate that Franklin Electric Co., Inc. will post 4.19 earnings per share for the current fiscal year.

Franklin Electric Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were given a dividend of $0.265 per share. The ex-dividend date was Thursday, February 6th. This represents a $1.06 annualized dividend and a yield of 1.21%. This is a positive change from Franklin Electric's previous quarterly dividend of $0.25. Franklin Electric's dividend payout ratio is presently 27.53%.

Insider Activity at Franklin Electric

In related news, insider Delancey W. Davis sold 961 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.72% of the stock is owned by company insiders.

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.