UniSuper Management Pty Ltd Sells 7,100 Shares of Franklin Electric Co., Inc. (NASDAQ:FELE)

UniSuper Management Pty Ltd cut its stake in shares of Franklin Electric Co., Inc. (NASDAQ:FELE) by 11.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,465 shares of the industrial products company’s stock after selling 7,100 shares during the period. UniSuper Management Pty Ltd owned 0.12% of Franklin Electric worth $5,503,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Franklin Electric by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 4,769,582 shares of the industrial products company’s stock worth $464,796,000 after purchasing an additional 45,174 shares during the period. Geode Capital Management LLC grew its stake in shares of Franklin Electric by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,004,057 shares of the industrial products company’s stock valued at $105,264,000 after buying an additional 9,170 shares during the last quarter. Allianz Asset Management GmbH raised its holdings in shares of Franklin Electric by 21.6% in the fourth quarter. Allianz Asset Management GmbH now owns 811,682 shares of the industrial products company’s stock worth $79,098,000 after buying an additional 143,917 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Franklin Electric by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 503,775 shares of the industrial products company’s stock worth $49,093,000 after acquiring an additional 10,580 shares during the last quarter. Finally, KBC Group NV boosted its holdings in Franklin Electric by 7.3% during the 4th quarter. KBC Group NV now owns 415,179 shares of the industrial products company’s stock valued at $40,459,000 after acquiring an additional 28,121 shares during the period. 79.98% of the stock is owned by institutional investors.

Franklin Electric Stock Performance

FELE stock opened at $94.60 on Friday. Franklin Electric Co., Inc. has a twelve month low of $91.67 and a twelve month high of $111.94. The firm has a market cap of $4.33 billion, a price-to-earnings ratio of 24.57, a PEG ratio of 2.11 and a beta of 0.98. The business’s fifty day simple moving average is $100.31 and its two-hundred day simple moving average is $101.73. The company has a quick ratio of 1.06, a current ratio of 2.22 and a debt-to-equity ratio of 0.01.

Franklin Electric (NASDAQ:FELE) last posted its quarterly earnings results on Tuesday, February 18th. The industrial products company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.69 by $0.03. The company had revenue of $485.75 million for the quarter, compared to the consensus estimate of $465.87 million. Franklin Electric had a net margin of 8.92% and a return on equity of 14.46%. Analysts predict that Franklin Electric Co., Inc. will post 4.19 earnings per share for the current year.

Franklin Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were paid a $0.265 dividend. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $1.06 annualized dividend and a yield of 1.12%. This is a boost from Franklin Electric’s previous quarterly dividend of $0.25. Franklin Electric’s dividend payout ratio is 27.53%.

Insiders Place Their Bets

In other news, insider Delancey W. Davis sold 961 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $103.14, for a total transaction of $99,117.54. Following the transaction, the insider now owns 7,701 shares in the company, valued at approximately $794,281.14. This trade represents a 11.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 2.72% of the stock is currently owned by company 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.