Global Retirement Partners LLC Has $447,000 Stock Position in Franklin Electric Co., Inc. (NASDAQ:FELE)

Global Retirement Partners LLC trimmed its holdings in Franklin Electric Co., Inc. (NASDAQ:FELE - Free Report) by 67.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,591 shares of the industrial products company's stock after selling 9,649 shares during the quarter. Global Retirement Partners LLC's holdings in Franklin Electric were worth $447,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. KBC Group NV lifted its holdings in Franklin Electric by 19.6% during the 3rd quarter. KBC Group NV now owns 387,058 shares of the industrial products company's stock worth $40,571,000 after buying an additional 63,436 shares in the last quarter. Barclays PLC raised its position in shares of Franklin Electric by 237.3% during the third quarter. Barclays PLC now owns 87,620 shares of the industrial products company's stock worth $9,184,000 after acquiring an additional 61,640 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Franklin Electric by 26.1% during the third quarter. JPMorgan Chase & Co. now owns 154,305 shares of the industrial products company's stock valued at $16,174,000 after acquiring an additional 31,937 shares during the period. Quest Partners LLC boosted its holdings in Franklin Electric by 691.6% in the third quarter. Quest Partners LLC now owns 29,970 shares of the industrial products company's stock valued at $3,141,000 after acquiring an additional 26,184 shares during the last quarter. Finally, Citigroup Inc. increased its position in Franklin Electric by 73.1% in the third quarter. Citigroup Inc. now owns 58,923 shares of the industrial products company's stock worth $6,176,000 after purchasing an additional 24,889 shares during the period. Institutional investors and hedge funds own 79.98% of the company's stock.

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Analyst Ratings Changes

Separately, Robert W. Baird lowered their price target on shares of Franklin Electric from $107.00 to $105.00 and set a "neutral" rating for the company in a research report on Wednesday, October 30th.

Franklin Electric Trading Down 1.1 %

Shares of Franklin Electric stock traded down $1.12 during trading on Thursday, hitting $101.23. 203,578 shares of the company were exchanged, compared to its average volume of 201,357. The firm has a market capitalization of $4.63 billion, a P/E ratio of 26.29, a price-to-earnings-growth ratio of 2.11 and a beta of 1.00. The firm's fifty day moving average price is $99.35 and its 200 day moving average price is $101.85. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.22 and a quick ratio of 1.06. Franklin Electric Co., Inc. has a 1-year low of $91.67 and a 1-year high of $111.94.

Franklin Electric (NASDAQ:FELE - Get Free Report) last posted its earnings results on Tuesday, February 18th. The industrial products company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.03. Franklin Electric had a return on equity of 14.46% and a net margin of 8.92%. The firm had revenue of $485.75 million for the quarter, compared to analyst estimates of $465.87 million. As a group, sell-side analysts expect 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 announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were issued a dividend of $0.265 per share. This is an increase from Franklin Electric's previous quarterly dividend of $0.25. This represents a $1.06 annualized dividend and a yield of 1.05%. The ex-dividend date was Thursday, February 6th. Franklin Electric's dividend payout ratio (DPR) is 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.