Franklin Electric Co., Inc. (NASDAQ:FELE) Shares Sold by Monarch Capital Management Inc.

Monarch Capital Management Inc. decreased its position in Franklin Electric Co., Inc. (NASDAQ:FELE - Free Report) by 2.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 99,421 shares of the industrial products company's stock after selling 2,742 shares during the period. Franklin Electric makes up approximately 2.7% of Monarch Capital Management Inc.'s holdings, making the stock its 9th biggest position. Monarch Capital Management Inc. owned 0.22% of Franklin Electric worth $9,689,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its holdings in Franklin Electric by 2.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,030,238 shares of the industrial products company's stock worth $212,810,000 after purchasing an additional 40,248 shares in the last quarter. Earnest Partners LLC raised its stake in shares of Franklin Electric by 2.6% in the 2nd quarter. Earnest Partners LLC now owns 1,563,125 shares of the industrial products company's stock worth $150,560,000 after buying an additional 39,478 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Franklin Electric by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,004,057 shares of the industrial products company's stock valued at $105,264,000 after buying an additional 9,170 shares during the period. Boston Trust Walden Corp boosted its stake in Franklin Electric by 0.6% during the third quarter. Boston Trust Walden Corp now owns 659,057 shares of the industrial products company's stock valued at $69,082,000 after buying an additional 3,847 shares in the last quarter. Finally, KBC Group NV grew its holdings in Franklin Electric by 19.6% during the third quarter. KBC Group NV now owns 387,058 shares of the industrial products company's stock worth $40,571,000 after acquiring an additional 63,436 shares during the period. Institutional investors and hedge funds own 79.98% of the company's stock.

Insider Buying and Selling at Franklin Electric

In other news, insider Gregg C. Sengstack sold 1,500 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $100.22, for a total transaction of $150,330.00. Following the sale, the insider now owns 9,032 shares in the company, valued at approximately $905,187.04. This represents a 14.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.72% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird dropped their price target on Franklin Electric from $107.00 to $105.00 and set a "neutral" rating on the stock in a report on Wednesday, October 30th.

Franklin Electric Stock Up 0.8 %

Shares of NASDAQ FELE traded up $0.75 during mid-day trading on Friday, reaching $98.89. 171,573 shares of the company traded hands, compared to its average volume of 150,002. The company's fifty day moving average is $102.60 and its two-hundred day moving average is $101.71. Franklin Electric Co., Inc. has a fifty-two week low of $91.67 and a fifty-two week high of $111.94. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.06 and a current ratio of 2.40. The stock has a market cap of $4.52 billion, a PE ratio of 25.04, a price-to-earnings-growth ratio of 1.81 and a beta of 1.00.

Franklin Electric (NASDAQ:FELE - Get Free Report) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.10). Franklin Electric had a net margin of 9.22% and a return on equity of 15.03%. The business had revenue of $531.40 million for the quarter, compared to the consensus estimate of $551.08 million. During the same quarter in the previous year, the company earned $1.23 EPS. Franklin Electric's revenue for the quarter was down 1.4% compared to the same quarter last year. On average, analysts expect that Franklin Electric Co., Inc. will post 3.81 earnings per share for the current year.

Franklin Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th were given a $0.25 dividend. The ex-dividend date was Thursday, November 7th. This represents a $1.00 dividend on an annualized basis and a yield of 1.01%. Franklin Electric's dividend payout ratio (DPR) is presently 25.32%.

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.