NN Investment Partners Holdings N.V. decreased its position in shares of Franklin Electric Co., Inc. (NASDAQ:FELE) by 14.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,724 shares of the industrial products company’s stock after selling 2,900 shares during the period. NN Investment Partners Holdings N.V.’s holdings in Franklin Electric Co. were worth $692,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in Franklin Electric Co. by 26,341.4% in the first quarter. BlackRock Inc. now owns 5,205,518 shares of the industrial products company’s stock worth $224,097,000 after buying an additional 5,185,831 shares during the last quarter. Vanguard Group Inc. increased its stake in Franklin Electric Co. by 6.8% in the first quarter. Vanguard Group Inc. now owns 3,855,608 shares of the industrial products company’s stock worth $165,984,000 after buying an additional 247,087 shares during the last quarter. Norges Bank acquired a new stake in Franklin Electric Co. during the fourth quarter worth about $9,393,000. Schroder Investment Management Group increased its stake in Franklin Electric Co. by 34.6% in the first quarter. Schroder Investment Management Group now owns 790,110 shares of the industrial products company’s stock worth $33,343,000 after buying an additional 202,922 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in Franklin Electric Co. by 63.8% in the first quarter. Parametric Portfolio Associates LLC now owns 235,559 shares of the industrial products company’s stock worth $10,141,000 after buying an additional 91,790 shares during the last quarter. 77.67% of the stock is currently owned by institutional investors.

Franklin Electric Co., Inc. (FELE) traded down 0.64% on Friday, reaching $38.55. 100,867 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $40.74 and a 200 day moving average price of $40.65. The firm has a market cap of $1.79 billion, a PE ratio of 20.95 and a beta of 1.60. Franklin Electric Co., Inc. has a one year low of $34.75 and a one year high of $46.50.

Franklin Electric Co. (NASDAQ:FELE) last issued its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. The firm had revenue of $305.35 million during the quarter, compared to the consensus estimate of $310.13 million. Franklin Electric Co. had a return on equity of 13.10% and a net margin of 8.62%. The company’s quarterly revenue was up 21.1% on a year-over-year basis. During the same period last year, the company earned $0.51 EPS. On average, equities analysts anticipate that Franklin Electric Co., Inc. will post $1.92 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Thursday, August 3rd were given a $0.108 dividend. This represents a $0.43 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend was Tuesday, August 1st. Franklin Electric Co.’s dividend payout ratio is currently 23.37%.

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A number of equities research analysts recently issued reports on FELE shares. Zacks Investment Research downgraded shares of Franklin Electric Co. from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. BidaskClub cut shares of Franklin Electric Co. from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Finally, Boenning Scattergood reiterated an “outperform” rating and set a $52.00 price objective (up previously from $44.00) on shares of Franklin Electric Co. in a research report on Wednesday, July 26th.

In other Franklin Electric Co. news, insider Delancey W. Davis sold 4,071 shares of Franklin Electric Co. stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $34.45, for a total value of $140,245.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Robert J. Stone sold 39,260 shares of Franklin Electric Co. stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $45.00, for a total value of $1,766,700.00. Following the completion of the transaction, the insider now directly owns 39,392 shares of the company’s stock, valued at $1,772,640. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,331 shares of company stock valued at $2,070,946. 2.54% of the stock is currently owned by corporate insiders.

Franklin Electric Co. Company Profile

Franklin Electric Co, Inc designs, manufactures and distributes water and fuel pumping systems, consisting of submersible motors, pumps, electronic controls and related parts and equipment. Its segments include Water Systems segment, the Fueling Systems segment and Other. Its Water Systems segment is engaged in the production and marketing of water pumping systems and offers motors, pumps, drives, electronic controls and monitoring devices.

Institutional Ownership by Quarter for Franklin Electric Co. (NASDAQ:FELE)

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