Franklin Electric Co., Inc. (NASDAQ:FELE) Shares Sold by Swiss National Bank

Swiss National Bank reduced its position in Franklin Electric Co., Inc. (NASDAQ:FELE) by 0.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 76,300 shares of the industrial products company’s stock after selling 200 shares during the quarter. Swiss National Bank’s holdings in Franklin Electric were worth $7,435,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. BHK Investment Advisors LLC increased its holdings in Franklin Electric by 2.5% in the 4th quarter. BHK Investment Advisors LLC now owns 5,139 shares of the industrial products company’s stock worth $501,000 after acquiring an additional 125 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in Franklin Electric by 3.4% in the 4th quarter. Sanctuary Advisors LLC now owns 4,372 shares of the industrial products company’s stock worth $434,000 after acquiring an additional 145 shares in the last quarter. MML Investors Services LLC increased its holdings in Franklin Electric by 2.6% in 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 in the last quarter. Inspire Investing LLC increased its holdings in Franklin Electric by 4.1% in the 4th quarter. Inspire Investing LLC now owns 4,192 shares of the industrial products company’s stock worth $409,000 after acquiring an additional 164 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in Franklin Electric by 14.5% in the 4th quarter. GAMMA Investing LLC now owns 1,398 shares of the industrial products company’s stock worth $136,000 after acquiring an additional 177 shares in the last quarter. 79.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Franklin Electric

In other news, insider Delancey W. Davis sold 961 shares of the company’s stock in a transaction 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 completion of the sale, the insider now owns 7,701 shares of the company’s stock, valued at $794,281.14. This represents a 11.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.72% of the company’s stock.

Franklin Electric Price Performance

Shares of NASDAQ FELE opened at $95.56 on Friday. The firm has a market cap of $4.37 billion, a PE ratio of 24.82, a PEG ratio of 2.11 and a beta of 0.98. The firm has a fifty day moving average of $100.36 and a 200 day moving average of $101.75. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.06 and a current ratio of 2.22. Franklin Electric Co., Inc. has a one year low of $91.67 and a one year high of $111.94.

Franklin Electric (NASDAQ:FELE) last issued 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 during the quarter, compared to analyst estimates of $465.87 million. Franklin Electric had a net margin of 8.92% and a return on equity of 14.46%. As a group, research analysts predict that Franklin Electric Co., Inc. will post 4.19 EPS for the current fiscal year.

Franklin Electric Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were issued a dividend of $0.265 per share. This is a positive change from Franklin Electric’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 1.11%. Franklin Electric’s dividend payout ratio is presently 27.53%.

Franklin Electric 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.