Franklin Electric Co., Inc. (NASDAQ:FELE) Stake Held by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC continued to hold its position in shares of Franklin Electric Co., Inc. (NASDAQ:FELE) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 16,370 shares of the industrial products company’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in Franklin Electric Co. were worth $659,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of 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 valued at $224,097,000 after buying an additional 5,185,831 shares during the period. Vanguard Group Inc. increased its position in shares of 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 valued at $165,984,000 after buying an additional 247,087 shares during the period. Norges Bank purchased a new position in shares of Franklin Electric Co. during the fourth quarter valued at about $9,393,000. Schroder Investment Management Group increased its position in shares of 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 valued at $33,343,000 after buying an additional 202,922 shares during the period. Finally, Vaughan Nelson Investment Management L.P. increased its position in shares of Franklin Electric Co. by 13.1% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,268,825 shares of the industrial products company’s stock valued at $52,529,000 after buying an additional 147,050 shares during the period. 77.67% of the stock is owned by institutional investors.

Shares of Franklin Electric Co., Inc. (NASDAQ FELE) opened at 38.55 on Friday. Franklin Electric Co., Inc. has a 12-month low of $34.75 and a 12-month high of $46.50. The company has a 50-day moving average of $40.74 and a 200 day moving average of $40.65. The firm has a market cap of $1.79 billion, a P/E ratio of 20.95 and a beta of 1.60.

Franklin Electric Co. (NASDAQ:FELE) last announced its earnings results on Tuesday, July 25th. The industrial products company reported $0.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.04. Franklin Electric Co. had a return on equity of 13.10% and a net margin of 8.62%. The company had revenue of $305.35 million during the quarter, compared to analyst estimates of $310.13 million. During the same period last year, the company posted $0.51 earnings per share. The firm’s quarterly revenue was up 21.1% compared to the same quarter last year. Equities analysts predict that Franklin Electric Co., Inc. will post $1.92 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Thursday, August 3rd were paid a $0.108 dividend. The ex-dividend date was Tuesday, August 1st. This represents a $0.43 dividend on an annualized basis and a dividend yield of 1.12%. Franklin Electric Co.’s dividend payout ratio (DPR) is presently 23.37%.

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FELE has been the subject of several analyst reports. Zacks Investment Research downgraded shares of Franklin Electric Co. from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. BidaskClub downgraded shares of Franklin Electric Co. from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Finally, Boenning Scattergood reaffirmed an “outperform” rating and issued a $52.00 price objective (up previously from $44.00) on shares of Franklin Electric Co. in a report on Wednesday, July 26th.

In other news, insider Delancey W. Davis sold 4,071 shares of the firm’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $34.45, for a total value of $140,245.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert J. Stone sold 39,260 shares of the firm’s stock in a transaction on 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 sale, the insider now 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 90 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.

About Franklin Electric Co.

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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