DekaBank Deutsche Girozentrale Sells 403 Shares of Franklin Electric Co., Inc. (NASDAQ:FELE)

DekaBank Deutsche Girozentrale lessened its position in shares of Franklin Electric Co., Inc. (NASDAQ:FELE) by 0.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 101,687 shares of the industrial products company’s stock after selling 403 shares during the period. DekaBank Deutsche Girozentrale owned about 0.22% of Franklin Electric worth $9,646,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in FELE. Principal Securities Inc. acquired a new position in shares of Franklin Electric during the 4th quarter worth about $33,000. GAMMA Investing LLC boosted its stake in shares of Franklin Electric by 88.0% during the 1st quarter. GAMMA Investing LLC now owns 314 shares of the industrial products company’s stock worth $34,000 after buying an additional 147 shares during the last quarter. ORG Partners LLC acquired a new position in shares of Franklin Electric during the 2nd quarter worth about $36,000. TFO Wealth Partners LLC boosted its stake in shares of Franklin Electric by 121,400.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,215 shares of the industrial products company’s stock worth $117,000 after buying an additional 1,214 shares during the last quarter. Finally, Quest Partners LLC acquired a new position in shares of Franklin Electric during the 4th quarter worth about $147,000. Institutional investors own 79.98% of the company’s stock.

Franklin Electric Trading Up 1.3 %

Franklin Electric stock opened at $98.47 on Tuesday. The firm has a 50-day moving average of $100.12 and a 200-day moving average of $100.14. Franklin Electric Co., Inc. has a one year low of $82.61 and a one year high of $108.39. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.65 and a quick ratio of 1.14. The company has a market cap of $4.54 billion, a price-to-earnings ratio of 24.50, a P/E/G ratio of 1.88 and a beta of 0.95.

Franklin Electric (NASDAQ:FELE) last issued its earnings results on Tuesday, July 23rd. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.06). Franklin Electric had a net margin of 9.35% and a return on equity of 15.57%. The firm had revenue of $543.30 million during the quarter, compared to analyst estimates of $570.80 million. During the same quarter last year, the business posted $1.27 earnings per share. The company’s revenue for the quarter was down 4.6% on a year-over-year basis. On average, equities analysts expect that Franklin Electric Co., Inc. will post 4.22 earnings per share for the current fiscal year.

Franklin Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.00 annualized dividend and a yield of 1.02%. Franklin Electric’s dividend payout ratio (DPR) is currently 24.88%.

Insider Activity at Franklin Electric

In related news, insider Jay J. Walsh sold 14,090 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $104.57, for a total value of $1,473,391.30. Following the completion of the sale, the insider now directly owns 16,927 shares in the company, valued at approximately $1,770,056.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Franklin Electric news, insider Gregg C. Sengstack sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $103.87, for a total transaction of $519,350.00. Following the completion of the sale, the insider now directly owns 108,489 shares in the company, valued at $11,268,752.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jay J. Walsh sold 14,090 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $104.57, for a total transaction of $1,473,391.30. Following the sale, the insider now owns 16,927 shares of the company’s stock, valued at $1,770,056.39. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,486 shares of company stock worth $2,568,171. Insiders own 2.72% of the company’s stock.

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.