Integrated Investment Consultants LLC Sells 213 Shares of Franklin Electric Co., Inc. (NASDAQ:FELE)

Integrated Investment Consultants LLC trimmed its holdings in shares of Franklin Electric Co., Inc. (NASDAQ:FELE) by 3.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 6,074 shares of the industrial products company’s stock after selling 213 shares during the period. Integrated Investment Consultants LLC’s holdings in Franklin Electric were worth $637,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Franklin Electric by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 4,751,322 shares of the industrial products company’s stock valued at $507,489,000 after buying an additional 30,408 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Franklin Electric by 2.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,030,238 shares of the industrial products company’s stock worth $212,810,000 after buying an additional 40,248 shares during the period. Earnest Partners LLC lifted its holdings in shares of Franklin Electric by 2.6% during the 2nd quarter. Earnest Partners LLC now owns 1,563,125 shares of the industrial products company’s stock valued at $150,560,000 after purchasing an additional 39,478 shares in the last quarter. Boston Trust Walden Corp boosted its holdings in shares of Franklin Electric by 0.6% in the third quarter. Boston Trust Walden Corp now owns 659,057 shares of the industrial products company’s stock valued at $69,082,000 after buying an additional 3,847 shares during the period. Finally, KBC Group NV boosted its position in shares of Franklin Electric by 19.6% during the third quarter. KBC Group NV now owns 387,058 shares of the industrial products company’s stock worth $40,571,000 after buying an additional 63,436 shares during the period. 79.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Gregg C. Sengstack sold 1,500 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $100.22, for a total value of $150,330.00. Following the completion of the transaction, the insider now directly owns 9,032 shares of the company’s stock, valued at $905,187.04. This trade represents a 14.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.72% of the stock is currently owned by corporate insiders.

Franklin Electric Stock Up 1.6 %

Shares of FELE opened at $106.55 on Friday. The company has a current ratio of 2.40, a quick ratio of 1.06 and a debt-to-equity ratio of 0.01. Franklin Electric Co., Inc. has a 12 month low of $87.65 and a 12 month high of $110.97. The stock’s 50-day moving average price is $103.40 and its two-hundred day moving average price is $100.61. The company has a market capitalization of $4.87 billion, a PE ratio of 26.54, a PEG ratio of 2.30 and a beta of 0.96.

Franklin Electric (NASDAQ:FELE) last issued its earnings results on Tuesday, October 29th. The industrial products company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.10). Franklin Electric had a return on equity of 15.03% and a net margin of 9.22%. The company had revenue of $531.40 million for the quarter, compared to the consensus estimate of $551.08 million. During the same period in the prior year, the company earned $1.23 earnings per share. The firm’s revenue was down 1.4% compared to the same quarter last year. On average, analysts anticipate that Franklin Electric Co., Inc. will post 3.81 EPS for the current year.

Franklin Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.94%. The ex-dividend date was Thursday, November 7th. Franklin Electric’s dividend payout ratio is presently 25.32%.

Wall Street Analyst Weigh In

Separately, Robert W. Baird lowered their target price on Franklin Electric from $107.00 to $105.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th.

About Franklin Electric

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.