Susquehanna International Group LLP Purchases 13,801 Shares of Franklin Electric Co., Inc. (NASDAQ:FELE)

Susquehanna International Group LLP boosted its stake in shares of Franklin Electric Co., Inc. (NASDAQ:FELE - Free Report) by 137.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,810 shares of the industrial products company's stock after buying an additional 13,801 shares during the quarter. Susquehanna International Group LLP owned approximately 0.05% of Franklin Electric worth $2,320,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Spire Wealth Management bought a new position in Franklin Electric during the fourth quarter valued at $29,000. Trust Co. of Vermont purchased a new position in Franklin Electric in the 4th quarter worth approximately $40,000. Blue Trust Inc. raised its stake in Franklin Electric by 66.2% during 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 during the last quarter. Smartleaf Asset Management LLC grew its stake 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 valued at $62,000 after acquiring an additional 420 shares during the period. Finally, ORG Partners LLC grew its position in shares of Franklin Electric by 150.2% during the fourth quarter. ORG Partners LLC now owns 833 shares of the industrial products company's stock valued at $81,000 after purchasing an additional 500 shares in the last quarter. 79.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. StockNews.com downgraded shares of Franklin Electric from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st. Robert W. Baird reduced their price target on shares of Franklin Electric from $111.00 to $94.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th.

Insider Buying and Selling

In related news, insider Delancey W. Davis sold 961 shares of the company'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 sale, the insider now directly owns 7,701 shares in the company, valued at approximately $794,281.14. This represents a 11.09% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.72% of the stock is currently owned by insiders.

Franklin Electric Stock Performance

FELE stock traded down $0.84 on Wednesday, reaching $88.84. The company's stock had a trading volume of 49,399 shares, compared to its average volume of 203,816. The company has a market capitalization of $4.05 billion, a P/E ratio of 23.08, a price-to-earnings-growth 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 has a fifty day moving average of $91.61 and a two-hundred day moving average of $98.34. Franklin Electric Co., Inc. has a 52 week low of $78.87 and a 52 week high of $111.94.

Franklin Electric (NASDAQ:FELE - Get Free Report) last posted its earnings results 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 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%. Franklin Electric's quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the business earned $0.70 earnings per share. As a group, analysts predict that Franklin Electric Co., Inc. will post 4.19 EPS for the current fiscal year.

Franklin Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be paid a $0.265 dividend. The ex-dividend date is Thursday, May 8th. This represents a $1.06 dividend on an annualized basis and a yield of 1.19%. Franklin Electric's dividend payout ratio (DPR) is 27.75%.

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.