Janus Henderson Group PLC Purchases 11,775 Shares of Franklin Electric Co., Inc. (NASDAQ:FELE)

Janus Henderson Group PLC increased its holdings in Franklin Electric Co., Inc. (NASDAQ:FELE - Free Report) by 15.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 87,906 shares of the industrial products company's stock after purchasing an additional 11,775 shares during the period. Janus Henderson Group PLC owned approximately 0.19% of Franklin Electric worth $8,567,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Mariner LLC lifted its stake in shares of Franklin Electric by 1.8% in the 4th quarter. Mariner LLC now owns 6,471 shares of the industrial products company's stock valued at $631,000 after purchasing an additional 116 shares during the last quarter. BHK Investment Advisors LLC raised its holdings in Franklin Electric by 2.5% during the 4th quarter. BHK Investment Advisors LLC now owns 5,139 shares of the industrial products company's stock valued at $501,000 after buying an additional 125 shares during the period. Captrust Financial Advisors lifted its position in Franklin Electric by 0.4% in the fourth quarter. Captrust Financial Advisors now owns 31,879 shares of the industrial products company's stock worth $3,107,000 after buying an additional 137 shares during the last quarter. Sanctuary Advisors LLC lifted its position in Franklin Electric by 3.4% in the fourth quarter. Sanctuary Advisors LLC now owns 4,372 shares of the industrial products company's stock worth $434,000 after buying an additional 145 shares during the last quarter. Finally, Summit Investment Advisors Inc. boosted its stake in Franklin Electric by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,739 shares of the industrial products company's stock worth $462,000 after buying an additional 150 shares during the period. Hedge funds and other institutional investors own 79.98% of the company's stock.

Insider Activity at Franklin Electric

In other news, insider Delancey W. Davis sold 961 shares of the firm'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 transaction of $99,117.54. Following the transaction, the insider now directly owns 7,701 shares of the company's stock, valued at approximately $794,281.14. This trade represents a 11.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.72% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

FELE has been the topic of several recent analyst reports. Wall Street Zen raised shares of Franklin Electric from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Robert W. Baird cut their price target 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%

Shares of FELE traded down $1.63 during mid-day trading on Friday, reaching $84.72. 181,834 shares of the company's stock traded hands, compared to its average volume of 207,327. 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 stock's 50-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. The stock has a market cap of $3.86 billion, a P/E ratio of 22.01, a P/E/G ratio of 2.11 and a beta of 1.08.

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 for the quarter, compared to analysts' expectations of $471.21 million. During the same quarter in the previous year, the firm earned $0.70 EPS. Franklin Electric's revenue was down 1.2% compared to the same quarter last year. Research analysts forecast that Franklin Electric Co., Inc. will post 4.19 earnings per share for the current fiscal year.

Franklin Electric Dividend Announcement

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

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.