Dimensional Fund Advisors LP Has $99.17 Million Holdings in Franklin Electric Co., Inc. (NASDAQ:FELE)

Dimensional Fund Advisors LP trimmed its position in shares of Franklin Electric Co., Inc. (NASDAQ:FELE - Free Report) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,017,642 shares of the industrial products company's stock after selling 14,759 shares during the period. Dimensional Fund Advisors LP owned 2.23% of Franklin Electric worth $99,170,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its stake in shares of 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 worth $293,000 after purchasing an additional 451 shares during the last quarter. CIBC Asset Management Inc acquired a new position in Franklin Electric during the fourth quarter worth approximately $241,000. JPMorgan Chase & Co. raised its stake in Franklin Electric by 26.1% in the third quarter. JPMorgan Chase & Co. now owns 154,305 shares of the industrial products company's stock valued at $16,174,000 after buying an additional 31,937 shares during the period. Franklin Resources Inc. lifted its position in shares of Franklin Electric by 9.9% in 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 last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Franklin Electric by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 503,775 shares of the industrial products company's stock worth $49,093,000 after acquiring an additional 10,580 shares during the period. 79.98% of the stock is owned by institutional investors.

Insider Activity at Franklin Electric

In other Franklin Electric news, insider Delancey W. Davis sold 961 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $103.14, for a total transaction of $99,117.54. Following the sale, the insider now owns 7,701 shares of the company's stock, valued at approximately $794,281.14. The trade was a 11.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.72% of the stock is currently owned by insiders.

Franklin Electric Stock Performance

FELE stock traded up $2.75 during trading hours on Friday, hitting $88.10. 32,104 shares of the stock were exchanged, compared to its average volume of 202,095. The company has a 50-day simple moving average of $93.78 and a two-hundred day simple moving average of $99.25. The firm has a market capitalization of $4.03 billion, a P/E ratio of 22.89, a P/E/G ratio of 2.11 and a beta of 1.02. Franklin Electric Co., Inc. has a 12 month low of $78.87 and a 12 month high of $111.94. The company has a current ratio of 2.22, a quick ratio of 1.06 and a debt-to-equity ratio of 0.01.

Franklin Electric (NASDAQ:FELE - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $0.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.73 by ($0.06). Franklin Electric had a net margin of 8.92% and a return on equity of 14.46%. The business had revenue of $455.25 million during the quarter, compared to the consensus estimate of $471.21 million. During the same period in the prior year, the firm earned $0.70 EPS. The business's revenue for the quarter was down 1.2% on a year-over-year basis. On average, analysts forecast that Franklin Electric Co., Inc. will post 4.19 earnings per share for the current fiscal year.

Franklin Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be given a dividend of $0.265 per share. The ex-dividend date is Thursday, May 8th. This represents a $1.06 annualized dividend and a dividend yield of 1.20%. Franklin Electric's dividend payout ratio is 27.75%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on FELE. Robert W. Baird cut their price target on Franklin Electric from $111.00 to $94.00 and set a "neutral" rating for the company in a report on Wednesday. StockNews.com downgraded shares of Franklin Electric from a "buy" rating to a "hold" rating in a report on Thursday.

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.