Exchange Traded Concepts LLC Purchases 11,217 Shares of Franklin Electric Co., Inc. (NASDAQ:FELE)

Exchange Traded Concepts LLC lifted its stake in Franklin Electric Co., Inc. (NASDAQ:FELE - Free Report) by 136.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,429 shares of the industrial products company's stock after purchasing an additional 11,217 shares during the quarter. Exchange Traded Concepts LLC's holdings in Franklin Electric were worth $2,037,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Franklin Electric by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 4,751,322 shares of the industrial products company's stock worth $507,489,000 after acquiring an additional 30,408 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Franklin Electric by 0.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,989,990 shares of the industrial products company's stock valued at $191,676,000 after buying an additional 14,762 shares during the last quarter. Earnest Partners LLC lifted its holdings in shares of Franklin Electric by 2.6% during the second 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 during the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in shares of Franklin Electric by 6.4% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 361,654 shares of the industrial products company's stock valued at $34,833,000 after acquiring an additional 21,890 shares during the period. Finally, Principal Financial Group Inc. increased its position in Franklin Electric by 1.0% during the first quarter. Principal Financial Group Inc. now owns 216,681 shares of the industrial products company's stock worth $23,144,000 after acquiring an additional 2,147 shares during the period. 79.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Franklin Electric

In related news, insider Gregg C. Sengstack sold 5,000 shares of Franklin Electric stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $103.87, for a total transaction of $519,350.00. Following the completion of the transaction, the insider now directly owns 108,489 shares of the company's stock, valued at $11,268,752.43. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Gregg C. Sengstack sold 5,396 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $106.64, for a total transaction of $575,429.44. Following the sale, the insider now directly owns 98,093 shares of the company's stock, valued at $10,460,637.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Gregg C. Sengstack sold 5,000 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $103.87, for a total value of $519,350.00. Following the completion of the transaction, the insider now owns 108,489 shares in the company, valued at $11,268,752.43. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,486 shares of company stock worth $2,568,171 over the last three months. Company insiders own 2.72% of the company's stock.

Franklin Electric Stock Performance

Shares of NASDAQ FELE traded up $0.54 during mid-day trading on Wednesday, hitting $105.72. The company had a trading volume of 109,766 shares, compared to its average volume of 175,145. Franklin Electric Co., Inc. has a 12 month low of $82.61 and a 12 month high of $108.39. The firm has a market cap of $4.87 billion, a P/E ratio of 26.30, a PEG ratio of 2.07 and a beta of 0.95. The business's 50-day simple moving average is $101.10 and its 200-day simple moving average is $100.20. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.65 and a quick ratio of 1.14.

Franklin Electric (NASDAQ:FELE - Get Free Report) last issued its earnings results on Tuesday, July 23rd. The industrial products company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.06). Franklin Electric had a return on equity of 15.57% and a net margin of 9.35%. The firm had revenue of $543.30 million during the quarter, compared to the consensus estimate of $570.80 million. During the same period last year, the business earned $1.27 earnings per share. The firm's revenue for the quarter was down 4.6% compared to the same quarter last year. As a group, analysts predict that Franklin Electric Co., Inc. will post 4.22 earnings per share for the current fiscal year.

Franklin Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.95%. The ex-dividend date was Thursday, August 1st. Franklin Electric's dividend payout ratio is 24.88%.

Franklin Electric Company 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.