Vanguard Group Inc. Grows Holdings in Franklin Electric Co., Inc. (NASDAQ:FELE)

Vanguard Group Inc. grew its holdings in Franklin Electric Co., Inc. (NASDAQ:FELE - Free Report) by 1.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,769,582 shares of the industrial products company's stock after buying an additional 45,174 shares during the period. Vanguard Group Inc. owned approximately 10.44% of Franklin Electric worth $464,796,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in FELE. Wealth Enhancement Advisory Services LLC boosted its holdings in Franklin Electric by 19.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,800 shares of the industrial products company's stock valued at $293,000 after acquiring an additional 451 shares during the period. CIBC Asset Management Inc purchased a new stake in shares of Franklin Electric in the 4th quarter worth $241,000. JPMorgan Chase & Co. grew its position in shares of Franklin Electric by 26.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 154,305 shares of the industrial products company's stock worth $16,174,000 after buying an additional 31,937 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Franklin Electric by 9.9% during the third quarter. Franklin Resources Inc. now owns 10,111 shares of the industrial products company's stock valued at $1,076,000 after buying an additional 914 shares during the period. Finally, Walleye Capital LLC bought a new stake in shares of Franklin Electric in the third quarter valued at about $577,000. 79.98% of the stock is currently owned by institutional investors.

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Insider Buying and Selling at Franklin Electric

In other news, insider Delancey W. Davis sold 961 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $103.14, for a total value of $99,117.54. Following the transaction, the insider now directly owns 7,701 shares of the company's stock, valued at approximately $794,281.14. This represents a 11.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.72% of the stock is currently owned by company insiders.

Franklin Electric Stock Down 4.8 %

Franklin Electric stock traded down $4.43 during midday trading on Friday, hitting $87.44. 543,912 shares of the company's stock were exchanged, compared to its average volume of 194,135. Franklin Electric Co., Inc. has a 12 month low of $85.56 and a 12 month 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 2.22. The company has a market cap of $4.00 billion, a PE ratio of 22.71, a P/E/G ratio of 2.11 and a beta of 1.02. The firm has a 50-day moving average of $99.65 and a two-hundred day moving average of $101.62.

Franklin Electric (NASDAQ:FELE - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The industrial products company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.03. The company had revenue of $485.75 million for the quarter, compared to analyst estimates of $465.87 million. Franklin Electric had a net margin of 8.92% and a return on equity of 14.46%. As a group, analysts expect that Franklin Electric Co., Inc. will post 4.19 earnings per share for the current fiscal year.

Franklin Electric Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were paid a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a yield of 1.21%. This is an increase from Franklin Electric's previous quarterly dividend of $0.25. The ex-dividend date was Thursday, February 6th. Franklin Electric's payout ratio 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.