Natixis Advisors L.P. Has $6.09 Million Stock Holdings in Franklin Electric Co., Inc. (NASDAQ:FELE)

Natixis Advisors L.P. reduced its stake in Franklin Electric Co., Inc. (NASDAQ:FELE - Free Report) by 21.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 63,061 shares of the industrial products company's stock after selling 17,480 shares during the quarter. Natixis Advisors L.P. owned about 0.14% of Franklin Electric worth $6,094,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Pacer Advisors Inc. purchased a new position in shares of Franklin Electric in the fourth quarter worth $26,000. VisionPoint Advisory Group LLC acquired a new stake in shares of Franklin Electric in the third quarter worth $37,000. Signaturefd LLC increased its stake in shares of Franklin Electric by 35.3% in the fourth quarter. Signaturefd LLC now owns 541 shares of the industrial products company's stock worth $52,000 after acquiring an additional 141 shares during the period. Global Retirement Partners LLC increased its stake in shares of Franklin Electric by 51.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,094 shares of the industrial products company's stock worth $103,000 after acquiring an additional 374 shares during the period. Finally, abrdn plc acquired a new stake in shares of Franklin Electric in the fourth quarter worth $200,000. 79.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Gregg C. Sengstack sold 10,366 shares of the firm's stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $99.96, for a total transaction of $1,036,185.36. Following the transaction, the chief executive officer now owns 154,993 shares of the company's stock, valued at $15,493,100.28. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.72% of the company's stock.

Franklin Electric Stock Up 0.2 %

Shares of Franklin Electric stock traded up $0.20 during trading on Friday, hitting $102.27. 115,769 shares of the stock were exchanged, compared to its average volume of 186,024. The stock has a market cap of $4.71 billion, a price-to-earnings ratio of 25.39, a price-to-earnings-growth ratio of 1.93 and a beta of 0.99. The firm's 50-day moving average price is $102.29 and its 200 day moving average price is $96.39. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.85 and a quick ratio of 1.17. Franklin Electric Co., Inc. has a 12-month low of $82.61 and a 12-month high of $107.89.

Franklin Electric (NASDAQ:FELE - Get Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.04). Franklin Electric had a net margin of 9.25% and a return on equity of 15.86%. The company had revenue of $460.90 million during the quarter, compared to analysts' expectations of $477.64 million. During the same quarter in the prior year, the company earned $0.79 earnings per share. The business's revenue for the quarter was down 4.9% on a year-over-year basis. As a group, analysts forecast that Franklin Electric Co., Inc. will post 4.27 earnings per share for the current fiscal year.

Franklin Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Thursday, May 2nd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Wednesday, May 1st. Franklin Electric's dividend payout ratio is currently 24.88%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Northcoast Research raised shares of Franklin Electric from a "neutral" rating to a "buy" rating and set a $110.00 price target for the company in a report on Friday, February 23rd. Robert W. Baird increased their price objective on shares of Franklin Electric from $91.00 to $100.00 and gave the company a "neutral" rating in a report on Wednesday, February 14th. DA Davidson increased their price objective on shares of Franklin Electric from $87.00 to $90.00 and gave the company a "neutral" rating in a report on Wednesday, May 1st. Finally, StockNews.com downgraded shares of Franklin Electric from a "strong-buy" rating to a "buy" rating in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Franklin Electric has an average rating of "Moderate Buy" and a consensus price target of $100.00.

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.