Barclays PLC Has $9.18 Million Position in Franklin Electric Co., Inc. (NASDAQ:FELE)

Barclays PLC lifted its holdings in Franklin Electric Co., Inc. (NASDAQ:FELE) by 237.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 87,620 shares of the industrial products company’s stock after buying an additional 61,640 shares during the period. Barclays PLC owned about 0.19% of Franklin Electric worth $9,184,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. MML Investors Services LLC boosted its position in Franklin Electric by 2.6% during the 3rd quarter. MML Investors Services LLC now owns 6,048 shares of the industrial products company’s stock worth $634,000 after acquiring an additional 156 shares during the period. Quantinno Capital Management LP lifted its position in shares of Franklin Electric by 7.1% in the third quarter. Quantinno Capital Management LP now owns 3,734 shares of the industrial products company’s stock worth $391,000 after purchasing an additional 248 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in shares of Franklin Electric during the third quarter worth approximately $77,000. Janus Henderson Group PLC grew its position in Franklin Electric by 2.3% during the third quarter. Janus Henderson Group PLC now owns 76,131 shares of the industrial products company’s stock valued at $7,980,000 after purchasing an additional 1,746 shares in the last quarter. Finally, HighTower Advisors LLC increased its stake in Franklin Electric by 4.9% in the 3rd quarter. HighTower Advisors LLC now owns 5,165 shares of the industrial products company’s stock valued at $539,000 after buying an additional 241 shares during the period. Hedge funds and other institutional investors own 79.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird lowered their price target on shares of Franklin Electric from $107.00 to $105.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th.

Franklin Electric Trading Down 1.0 %

Shares of NASDAQ FELE opened at $103.99 on Wednesday. The stock has a market cap of $4.75 billion, a price-to-earnings ratio of 26.33, a PEG ratio of 2.35 and a beta of 0.98. The business has a 50 day simple moving average of $105.23 and a 200 day simple moving average of $101.62. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.06 and a current ratio of 2.40. Franklin Electric Co., Inc. has a 52 week low of $91.45 and a 52 week high of $111.94.

Franklin Electric (NASDAQ:FELE) last posted its earnings results on Tuesday, October 29th. The industrial products company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.10). The business had revenue of $531.40 million during the quarter, compared to the consensus estimate of $551.08 million. Franklin Electric had a return on equity of 15.03% and a net margin of 9.22%. The business’s revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.23 earnings per share. On average, research analysts predict that Franklin Electric Co., Inc. will post 3.81 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, November 21st. Shareholders of record on Thursday, November 7th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.96%. Franklin Electric’s dividend payout ratio is currently 25.32%.

Insider Transactions at Franklin Electric

In related news, insider Gregg C. Sengstack sold 1,500 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $100.22, for a total transaction of $150,330.00. Following the completion of the sale, the insider now directly owns 9,032 shares of the company’s stock, valued at approximately $905,187.04. This represents a 14.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.72% of the stock is currently owned by corporate insiders.

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.