Schroder Investment Management Group Has $36.24 Million Holdings in Franklin Electric Co. (FELE)

Schroder Investment Management Group cut its holdings in Franklin Electric Co. (NASDAQ:FELE) by 3.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 802,541 shares of the industrial products company’s stock after selling 28,811 shares during the period. Schroder Investment Management Group owned 1.72% of Franklin Electric worth $36,235,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Manchester Capital Management LLC increased its holdings in shares of Franklin Electric by 0.3% during the 2nd quarter. Manchester Capital Management LLC now owns 19,140 shares of the industrial products company’s stock worth $792,000 after buying an additional 50 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Franklin Electric by 0.5% during the 2nd quarter. Arizona State Retirement System now owns 20,121 shares of the industrial products company’s stock worth $833,000 after buying an additional 100 shares during the last quarter. Advisor Group Inc. increased its holdings in shares of Franklin Electric by 3.9% during the 2nd quarter. Advisor Group Inc. now owns 3,071 shares of the industrial products company’s stock worth $127,000 after buying an additional 116 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of Franklin Electric by 2.3% during the 2nd quarter. Stifel Financial Corp now owns 10,768 shares of the industrial products company’s stock worth $446,000 after buying an additional 238 shares during the last quarter. Finally, Texas Permanent School Fund increased its holdings in shares of Franklin Electric by 1.0% during the 2nd quarter. Texas Permanent School Fund now owns 28,149 shares of the industrial products company’s stock worth $1,165,000 after buying an additional 276 shares during the last quarter. Institutional investors own 78.06% of the company’s stock.

In related news, VP Donald P. Kenney sold 4,754 shares of the stock in a transaction on Friday, October 27th. The stock was sold at an average price of $45.00, for a total value of $213,930.00. Following the completion of the sale, the vice president now directly owns 19,129 shares in the company, valued at approximately $860,805. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.54% of the stock is currently owned by corporate insiders.

A number of analysts have recently commented on FELE shares. Boenning Scattergood restated an “outperform” rating on shares of Franklin Electric in a report on Tuesday, September 5th. Zacks Investment Research downgraded Franklin Electric from a “buy” rating to a “hold” rating in a report on Friday, October 6th. Robert W. Baird restated a “hold” rating and set a $45.00 price objective on shares of Franklin Electric in a report on Wednesday, October 4th. BidaskClub downgraded Franklin Electric from a “hold” rating to a “sell” rating in a report on Friday, August 25th. Finally, Seaport Global Securities restated a “neutral” rating on shares of Franklin Electric in a report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Franklin Electric presently has a consensus rating of “Hold” and an average target price of $49.33.

Shares of Franklin Electric Co. (FELE) opened at $45.05 on Friday. The company has a market capitalization of $2,040.00, a price-to-earnings ratio of 25.44 and a beta of 1.62. The company has a current ratio of 2.35, a quick ratio of 1.13 and a debt-to-equity ratio of 0.18. Franklin Electric Co. has a twelve month low of $36.00 and a twelve month high of $47.20.

Franklin Electric (NASDAQ:FELE) last announced its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.01. Franklin Electric had a return on equity of 13.09% and a net margin of 8.13%. The firm had revenue of $311.11 million during the quarter, compared to the consensus estimate of $317.54 million. During the same period in the prior year, the firm earned $0.48 EPS. The firm’s quarterly revenue was up 29.8% compared to the same quarter last year. research analysts predict that Franklin Electric Co. will post 1.89 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Thursday, November 2nd were issued a $0.1075 dividend. The ex-dividend date was Wednesday, November 1st. This represents a $0.43 annualized dividend and a yield of 0.95%. Franklin Electric’s dividend payout ratio is currently 22.87%.

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Franklin Electric 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 (NASDAQ:FELE)

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