Franklin Electric Co., Inc. (NASDAQ:FELE) Shares Sold by Creative Planning

Creative Planning lowered its stake in shares of Franklin Electric Co., Inc. (NASDAQ:FELE) by 8.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,091 shares of the industrial products company’s stock after selling 1,088 shares during the period. Creative Planning’s holdings in Franklin Electric were worth $1,163,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. ORG Partners LLC acquired a new stake in shares of Franklin Electric during the 2nd quarter worth approximately $36,000. CWM LLC grew its holdings in shares of Franklin Electric by 16.7% during the 3rd quarter. CWM LLC now owns 684 shares of the industrial products company’s stock worth $72,000 after purchasing an additional 98 shares during the period. USA Financial Formulas acquired a new stake in shares of Franklin Electric during the 3rd quarter worth about $74,000. GAMMA Investing LLC raised its holdings in Franklin Electric by 130.6% in the 2nd quarter. GAMMA Investing LLC now owns 724 shares of the industrial products company’s stock valued at $70,000 after buying an additional 410 shares during the period. Finally, Intech Investment Management LLC acquired a new position in Franklin Electric in the second quarter valued at about $203,000. 79.98% of the stock is currently owned by hedge funds and other institutional investors.

Franklin Electric Stock Performance

Shares of Franklin Electric stock opened at $95.71 on Friday. 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 stock has a market capitalization of $4.37 billion, a price-to-earnings ratio of 24.23, a price-to-earnings-growth ratio of 2.02 and a beta of 0.95. The business has a 50-day moving average of $101.83 and a 200 day moving average of $100.16. Franklin Electric Co., Inc. has a 12 month low of $84.32 and a 12 month high of $108.39.

Franklin Electric (NASDAQ:FELE) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.13). The business had revenue of $531.40 million during the quarter, compared to analyst estimates of $551.08 million. Franklin Electric had a net margin of 9.35% and a return on equity of 15.57%. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.23 EPS. As a group, sell-side analysts forecast that Franklin Electric Co., Inc. will post 4.22 earnings per share for the current year.

Franklin Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 7th will be issued a $0.25 dividend. The ex-dividend date is Thursday, November 7th. This represents a $1.00 dividend on an annualized basis and a yield of 1.04%. Franklin Electric’s dividend payout ratio (DPR) is presently 25.32%.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird reduced their price target on shares of Franklin Electric from $107.00 to $105.00 and set a “neutral” rating on the stock in a research note on Wednesday.

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.