Intech Investment Management LLC Raises Position in Franklin Electric Co., Inc. (NASDAQ:FELE)

Intech Investment Management LLC boosted its stake in Franklin Electric Co., Inc. (NASDAQ:FELE - Free Report) by 196.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 32,577 shares of the industrial products company's stock after acquiring an additional 21,576 shares during the quarter. Intech Investment Management LLC owned 0.07% of Franklin Electric worth $3,175,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FELE. Geode Capital Management LLC raised its position in shares of Franklin Electric by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,004,057 shares of the industrial products company's stock worth $105,264,000 after purchasing an additional 9,170 shares during the last quarter. Allianz Asset Management GmbH increased its holdings in shares of Franklin Electric by 21.6% in the fourth 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 last quarter. Charles Schwab Investment Management Inc. boosted its stake in Franklin Electric by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 503,775 shares of the industrial products company's stock worth $49,093,000 after buying an additional 10,580 shares during the last quarter. KBC Group NV boosted its position in shares of Franklin Electric by 7.3% during the 4th quarter. KBC Group NV now owns 415,179 shares of the industrial products company's stock valued at $40,459,000 after acquiring an additional 28,121 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Franklin Electric by 15.9% in the fourth quarter. Bank of New York Mellon Corp now owns 392,080 shares of the industrial products company's stock valued at $38,208,000 after purchasing an additional 53,825 shares during the period. Hedge funds and other institutional investors own 79.98% of the company's stock.

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Franklin Electric Trading Up 2.5 %

Franklin Electric stock traded up $2.35 during midday trading on Monday, hitting $97.91. 267,017 shares of the stock were exchanged, compared to its average volume of 171,836. 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 stock has a market capitalization of $4.48 billion, a price-to-earnings ratio of 25.43, a PEG ratio of 2.11 and a beta of 0.98. The stock's 50-day simple moving average is $100.36 and its 200 day simple moving average is $101.78. Franklin Electric Co., Inc. has a fifty-two week low of $91.67 and a fifty-two week high of $111.94.

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

Franklin Electric Increases Dividend

The firm also recently disclosed 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. This represents a $1.06 dividend on an annualized basis and a dividend yield of 1.08%. This is an increase from Franklin Electric's previous quarterly dividend of $0.25. The ex-dividend date was Thursday, February 6th. Franklin Electric's dividend payout ratio (DPR) is presently 27.53%.

Insider Buying and Selling

In other news, insider Delancey W. Davis sold 961 shares of the firm's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $103.14, for a total transaction of $99,117.54. Following the completion of the transaction, the insider now directly owns 7,701 shares in the company, valued at $794,281.14. This trade represents a 11.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.72% of the company's stock.

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.