Deutsche Bank AG lifted its holdings in Franklin Electric Co., Inc. (NASDAQ:FELE - Free Report) by 15.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 80,432 shares of the industrial products company's stock after purchasing an additional 10,862 shares during the quarter. Deutsche Bank AG owned about 0.18% of Franklin Electric worth $7,838,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the company. Barclays PLC increased its position in Franklin Electric by 237.3% during the 3rd quarter. Barclays PLC now owns 87,620 shares of the industrial products company's stock worth $9,184,000 after buying an additional 61,640 shares during the period. Franklin Resources Inc. grew its holdings in shares of Franklin Electric by 9.9% during the 3rd quarter. Franklin Resources Inc. now owns 10,111 shares of the industrial products company's stock worth $1,076,000 after purchasing an additional 914 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings 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 in the last quarter. Park Avenue Securities LLC grew its holdings in shares of Franklin Electric by 18.9% during the 4th quarter. Park Avenue Securities LLC now owns 2,305 shares of the industrial products company's stock worth $225,000 after purchasing an additional 367 shares in the last quarter. Finally, Trust Co. of Vermont acquired a new stake in shares of Franklin Electric during the 4th quarter worth $40,000. Institutional investors and hedge funds own 79.98% of the company's stock.
Analyst Ratings Changes
FELE has been the topic of several research analyst reports. StockNews.com raised Franklin Electric from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Robert W. Baird reduced their price objective on Franklin Electric from $111.00 to $94.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th.
Check Out Our Latest Stock Analysis on FELE
Franklin Electric Trading Down 0.7%
Shares of FELE traded down $0.61 during mid-day trading on Tuesday, reaching $88.74. 145,662 shares of the company were exchanged, compared to its average volume of 206,320. Franklin Electric Co., Inc. has a 52 week low of $78.87 and a 52 week 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 stock has a market capitalization of $4.05 billion, a PE ratio of 23.05, a PEG ratio of 2.11 and a beta of 1.08. The business has a 50 day simple moving average of $90.65 and a two-hundred day simple moving average of $98.10.
Franklin Electric (NASDAQ:FELE - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $471.21 million. During the same period last year, the firm posted $0.70 earnings per share. Franklin Electric's quarterly revenue was down 1.2% compared to the same quarter last year. On average, analysts predict that Franklin Electric Co., Inc. will post 4.19 earnings per share for the current fiscal year.
Franklin Electric Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be given a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend is Thursday, May 8th. Franklin Electric's payout ratio is 27.75%.
Insider Transactions at Franklin Electric
In other news, insider Delancey W. Davis sold 961 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $103.14, for a total transaction of $99,117.54. Following the transaction, the insider now directly owns 7,701 shares of the company's stock, valued at $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 available through this link. 2.72% of the stock is owned by insiders.
Franklin Electric Profile
(
Free Report)
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.
See Also
Before you consider Franklin Electric, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Franklin Electric wasn't on the list.
While Franklin Electric currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
