Janus Henderson Group PLC Has $8.57 Million Stock Holdings in Franklin Electric Co., Inc. (NASDAQ:FELE)

Janus Henderson Group PLC grew its position in shares of Franklin Electric Co., Inc. (NASDAQ:FELE - Free Report) by 15.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 87,906 shares of the industrial products company's stock after purchasing an additional 11,775 shares during the quarter. Janus Henderson Group PLC owned approximately 0.19% of Franklin Electric worth $8,567,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on FELE shares. StockNews.com raised Franklin Electric from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Robert W. Baird lowered their price objective on Franklin Electric from $111.00 to $94.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th.

Insider Activity

In other Franklin Electric news, insider Delancey W. Davis sold 961 shares of Franklin Electric stock in a transaction that occurred on Wednesday, February 26th. The stock was 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.72% of the stock is owned by company insiders.

Franklin Electric Trading Down 0.7%

Franklin Electric stock traded down $0.61 during mid-day trading on Tuesday, hitting $88.74. 145,662 shares of the stock were exchanged, compared to its average volume of 206,320. The stock has a market capitalization of $4.05 billion, a price-to-earnings ratio of 23.05, a PEG ratio of 2.11 and a beta of 1.08. Franklin Electric Co., Inc. has a 12 month low of $78.87 and a 12 month high of $111.94. The company has a quick ratio of 1.06, a current ratio of 2.22 and a debt-to-equity ratio of 0.01. The firm's fifty day simple moving average is $90.65 and its two-hundred day simple moving average is $98.10.

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 for the quarter, missing the consensus estimate of $0.73 by ($0.06). The firm had revenue of $455.25 million for the quarter, compared to analyst estimates of $471.21 million. Franklin Electric had a return on equity of 14.46% and a net margin of 8.92%. The company's quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.70 earnings per share. Analysts forecast that Franklin Electric Co., Inc. will post 4.19 EPS for the current year.

Franklin Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be paid a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Thursday, May 8th. Franklin Electric's dividend 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.