Franklin Electric Co., Inc. (NASDAQ:FELE) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG boosted its holdings in Franklin Electric Co., Inc. (NASDAQ:FELE - Free Report) by 15.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 80,432 shares of the industrial products company's stock after acquiring an additional 10,862 shares during the period. Deutsche Bank AG owned 0.18% of Franklin Electric worth $7,838,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Captrust Financial Advisors lifted its holdings in Franklin Electric by 0.4% in the 4th quarter. Captrust Financial Advisors now owns 31,879 shares of the industrial products company's stock valued at $3,107,000 after purchasing an additional 137 shares in the last quarter. Balyasny Asset Management L.P. lifted its holdings in Franklin Electric by 11.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 32,272 shares of the industrial products company's stock valued at $3,145,000 after purchasing an additional 3,235 shares in the last quarter. Aptus Capital Advisors LLC lifted its holdings in Franklin Electric by 22.3% in the 4th quarter. Aptus Capital Advisors LLC now owns 33,918 shares of the industrial products company's stock valued at $3,305,000 after purchasing an additional 6,177 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in Franklin Electric in the 4th quarter valued at about $801,000. Finally, Freestone Grove Partners LP purchased a new position in Franklin Electric in the 4th quarter valued at about $357,000. 79.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Franklin Electric

In related news, insider Delancey W. Davis sold 961 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $103.14, for a total value of $99,117.54. Following the completion of the sale, the insider now directly owns 7,701 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.72% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Wall Street Zen upgraded shares of Franklin Electric from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Robert W. Baird reduced their target price on shares of Franklin Electric from $111.00 to $94.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th.

Franklin Electric Trading Down 1.9%

NASDAQ:FELE traded down $1.63 on Friday, reaching $84.72. The stock had a trading volume of 181,834 shares, compared to its average volume of 207,327. The company has a market cap of $3.86 billion, a price-to-earnings ratio of 22.01, a P/E/G ratio of 2.11 and a beta of 1.08. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.22 and a quick ratio of 1.06. The firm's fifty day moving average is $89.93 and its two-hundred day moving average is $97.87. Franklin Electric Co., Inc. has a 12-month low of $78.87 and a 12-month high of $111.94.

Franklin Electric (NASDAQ:FELE - Get Free Report) last released its earnings results 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 company had revenue of $455.25 million during the quarter, compared to analysts' expectations of $471.21 million. During the same quarter in the previous year, the firm posted $0.70 earnings per share. Franklin Electric's revenue for the quarter was down 1.2% compared to the same quarter last year. Equities analysts expect that Franklin Electric Co., Inc. will post 4.19 EPS for the current fiscal year.

Franklin Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 8th were issued a $0.265 dividend. The ex-dividend date was Thursday, May 8th. This represents a $1.06 dividend on an annualized basis and a yield of 1.25%. Franklin Electric's payout ratio is 27.75%.

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.