9,751 Shares in Franklin Electric Co., Inc. (NASDAQ:FELE) Purchased by Vontobel Holding Ltd.

Vontobel Holding Ltd. bought a new stake in shares of Franklin Electric Co., Inc. (NASDAQ:FELE - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 9,751 shares of the industrial products company's stock, valued at approximately $950,000.

Other hedge funds also recently modified their holdings of the company. Fortress Financial Solutions LLC acquired a new position in Franklin Electric in the fourth quarter valued at approximately $390,000. Entropy Technologies LP acquired a new position in shares of Franklin Electric in the 4th quarter valued at $535,000. GHP Investment Advisors Inc. boosted its position in shares of Franklin Electric by 5.0% in the 4th quarter. GHP Investment Advisors Inc. now owns 62,165 shares of the industrial products company's stock worth $6,058,000 after purchasing an additional 2,939 shares during the last quarter. Longboard Asset Management LP acquired a new stake in shares of Franklin Electric during the fourth quarter worth $200,000. Finally, Spire Wealth Management acquired a new stake in shares of Franklin Electric during the fourth quarter worth $29,000. Institutional investors own 79.98% of the company's stock.

Franklin Electric Trading Down 1.7 %

FELE traded down $1.76 during mid-day trading on Friday, hitting $104.24. The stock had a trading volume of 233,612 shares, compared to its average volume of 197,053. The stock's fifty day simple moving average is $99.33 and its 200-day simple moving average is $101.65. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of 27.08, a price-to-earnings-growth ratio of 2.11 and a beta of 1.00. Franklin Electric Co., Inc. has a 1-year low of $91.67 and a 1-year high of $111.94. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.22 and a quick ratio of 1.06.

Franklin Electric (NASDAQ:FELE - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The industrial products company reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.03. The business had revenue of $485.75 million during 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 forecast that Franklin Electric Co., Inc. will post 4.19 EPS for the current fiscal year.

Franklin Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were issued a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend was Thursday, February 6th. This is a boost from Franklin Electric's previous quarterly dividend of $0.25. Franklin Electric's payout ratio is 27.53%.

Wall Street Analyst Weigh In

Separately, Robert W. Baird reduced their target price 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 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.