Generali Investments CEE investicni spolecnost a.s. bought a new position in Franklin Electric Co., Inc. (NASDAQ:FELE - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 3,400 shares of the industrial products company's stock, valued at approximately $331,000.
Other large investors have also added to or reduced their stakes in the company. Allianz Asset Management GmbH grew its stake in shares of 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 worth $79,098,000 after acquiring an additional 143,917 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Franklin Electric during the fourth quarter worth about $134,000. KBC Group NV grew its position in Franklin Electric by 19.6% in the 3rd quarter. KBC Group NV now owns 387,058 shares of the industrial products company's stock worth $40,571,000 after purchasing an additional 63,436 shares in the last quarter. Barclays PLC increased its stake in Franklin Electric by 237.3% in the 3rd quarter. Barclays PLC now owns 87,620 shares of the industrial products company's stock valued at $9,184,000 after buying an additional 61,640 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Franklin Electric by 15.9% during the 4th quarter. Bank of New York Mellon Corp now owns 392,080 shares of the industrial products company's stock worth $38,208,000 after buying an additional 53,825 shares in the last quarter. Institutional investors own 79.98% of the company's stock.
Insider Activity
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 value of $99,117.54. Following the completion of the transaction, the insider now directly owns 7,701 shares of the company's stock, valued at $794,281.14. This trade represents a 11.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.72% of the company's stock.
Franklin Electric Stock Performance
Shares of FELE stock traded down $1.47 during trading on Thursday, hitting $98.23. The company's stock had a trading volume of 182,265 shares, compared to its average volume of 208,292. 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 company has a market cap of $4.49 billion, a PE ratio of 25.51, a P/E/G ratio of 2.11 and a beta of 0.98. The business has a fifty day moving average of $99.88 and a 200-day moving average of $101.94. Franklin Electric Co., Inc. has a 52 week low of $91.67 and a 52 week high of $111.94.
Franklin Electric (NASDAQ:FELE - Get Free Report) last released its earnings results on Tuesday, February 18th. The industrial products company reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.69 by $0.03. The firm had revenue of $485.75 million for 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%. As a group, research analysts anticipate that Franklin Electric Co., Inc. will post 4.19 earnings per share for the current year.
Franklin Electric Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were paid a $0.265 dividend. The ex-dividend date was Thursday, February 6th. This is a positive change from Franklin Electric's previous quarterly dividend of $0.25. This represents a $1.06 annualized dividend and a dividend yield of 1.08%. Franklin Electric's payout ratio is presently 27.53%.
Franklin Electric Profile
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Free Report)
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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