UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 11,426 Shares of Franklin Electric Co., Inc. (NASDAQ:FELE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Franklin Electric Co., Inc. (NASDAQ:FELE - Free Report) by 9.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 126,300 shares of the industrial products company's stock after acquiring an additional 11,426 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.28% of Franklin Electric worth $12,308,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Spire Wealth Management acquired a new position in Franklin Electric in the fourth quarter valued at about $29,000. Blue Trust Inc. raised its position in shares of Franklin Electric by 66.2% in the 4th quarter. Blue Trust Inc. now owns 497 shares of the industrial products company's stock valued at $52,000 after buying an additional 198 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Franklin Electric by 189.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 642 shares of the industrial products company's stock worth $62,000 after acquiring an additional 420 shares during the period. Kapitalo Investimentos Ltda acquired a new stake in shares of Franklin Electric during the 4th quarter worth approximately $127,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Franklin Electric during the 4th quarter worth approximately $134,000. 79.98% of the stock is currently owned by institutional investors.

Franklin Electric Price Performance

Franklin Electric stock traded up $1.07 during midday trading on Tuesday, reaching $86.71. The company's stock had a trading volume of 172,561 shares, compared to its average volume of 209,464. The company has a current ratio of 2.22, a quick ratio of 1.06 and a debt-to-equity ratio of 0.01. The stock has a market cap of $3.95 billion, a PE ratio of 22.52, a price-to-earnings-growth ratio of 2.11 and a beta of 1.08. Franklin Electric Co., Inc. has a 52 week low of $78.87 and a 52 week high of $111.94. The business has a 50-day moving average price of $88.03 and a 200-day moving average price of $96.61.

Franklin Electric (NASDAQ:FELE - Get Free Report) last announced 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). The company had revenue of $455.25 million for the quarter, compared to the consensus estimate of $471.21 million. Franklin Electric had a net margin of 8.92% and a return on equity of 14.46%. The company's revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period last year, the firm posted $0.70 earnings per share. On average, sell-side analysts predict that Franklin Electric Co., Inc. will post 4.19 EPS for the current year.

Franklin Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th were issued a dividend of $0.265 per share. The ex-dividend date was Thursday, May 8th. This represents a $1.06 annualized dividend and a dividend yield of 1.22%. Franklin Electric's dividend payout ratio (DPR) is presently 27.75%.

Insider Activity

In other news, Director David M. Wathen sold 25,000 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $86.70, for a total value of $2,167,500.00. Following the completion of the transaction, the director now owns 74,402 shares of the company's stock, valued at $6,450,653.40. This represents a 25.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 2.72% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

FELE has been the subject of several research analyst reports. Robert W. Baird lowered their price objective on shares of Franklin Electric from $111.00 to $94.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Wall Street Zen upgraded Franklin Electric from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th.

Franklin Electric Company 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.