PDT Partners LLC Increases Stock Holdings in Franklin Electric Co., Inc. (NASDAQ:FELE)

PDT Partners LLC increased its holdings in Franklin Electric Co., Inc. (NASDAQ:FELE - Free Report) by 241.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,029 shares of the industrial products company's stock after purchasing an additional 8,510 shares during the period. PDT Partners LLC's holdings in Franklin Electric were worth $1,261,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of FELE. Allspring Global Investments Holdings LLC boosted its stake in shares of Franklin Electric by 2.0% during the 3rd 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 during the period. Earnest Partners LLC increased its stake in Franklin Electric by 2.6% in the second quarter. Earnest Partners LLC now owns 1,563,125 shares of the industrial products company's stock worth $150,560,000 after purchasing an additional 39,478 shares during the period. Boston Trust Walden Corp lifted its position in shares of 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 worth $69,082,000 after purchasing an additional 3,847 shares during the last quarter. KBC Group NV boosted its stake in shares of Franklin Electric by 19.6% during the third quarter. KBC Group NV now owns 387,058 shares of the industrial products company's stock valued at $40,571,000 after purchasing an additional 63,436 shares during the period. Finally, Vaughan Nelson Investment Management L.P. grew its holdings 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 worth $34,833,000 after purchasing an additional 21,890 shares during the last quarter. Institutional investors own 79.98% of the company's stock.

Insider Buying and Selling

In other Franklin Electric news, insider Gregg C. Sengstack sold 1,500 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $100.22, for a total transaction of $150,330.00. Following the completion of the sale, the insider now directly owns 9,032 shares of the company's stock, valued at approximately $905,187.04. This represents a 14.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.72% of the stock is currently owned by insiders.

Franklin Electric Stock Up 0.1 %

Shares of FELE stock traded up $0.06 during mid-day trading on Monday, hitting $108.36. The stock had a trading volume of 194,314 shares, compared to its average volume of 176,802. Franklin Electric Co., Inc. has a 12-month low of $89.89 and a 12-month high of $111.94. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.40 and a quick ratio of 1.06. The firm's 50-day moving average is $104.67 and its two-hundred day moving average is $100.99. The firm has a market capitalization of $4.95 billion, a P/E ratio of 27.43, a price-to-earnings-growth ratio of 2.37 and a beta of 0.96.

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

Franklin Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 7th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Thursday, November 7th. Franklin Electric's payout ratio is 25.32%.

Analyst Ratings Changes

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

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.