Quantbot Technologies LP Sells 9,625 Shares of Franklin Electric Co., Inc. (NASDAQ:FELE)

Quantbot Technologies LP decreased its position in Franklin Electric Co., Inc. (NASDAQ:FELE) by 77.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,796 shares of the industrial products company’s stock after selling 9,625 shares during the period. Quantbot Technologies LP’s holdings in Franklin Electric were worth $272,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Citigroup Inc. boosted its position in shares of Franklin Electric by 73.1% during the 3rd quarter. Citigroup Inc. now owns 58,923 shares of the industrial products company’s stock valued at $6,176,000 after purchasing an additional 24,889 shares in the last quarter. FMR LLC boosted its holdings in shares of Franklin Electric by 49.4% during the 3rd quarter. FMR LLC now owns 7,588 shares of the industrial products company’s stock worth $795,000 after buying an additional 2,508 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Franklin Electric by 15.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 39,027 shares of the industrial products company’s stock worth $4,091,000 after buying an additional 5,235 shares in the last quarter. Glenmede Trust Co. NA increased its stake in shares of Franklin Electric by 2.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 8,077 shares of the industrial products company’s stock valued at $847,000 after acquiring an additional 202 shares in the last quarter. Finally, FORA Capital LLC acquired a new position in shares of Franklin Electric during the 3rd quarter valued at $394,000. Institutional investors own 79.98% of the company’s stock.

Franklin Electric Trading Down 2.7 %

FELE opened at $94.60 on Friday. Franklin Electric Co., Inc. has a 1-year low of $91.67 and a 1-year high of $111.94. The company has a current ratio of 2.22, a quick ratio of 1.06 and a debt-to-equity ratio of 0.01. The company has a market cap of $4.33 billion, a P/E ratio of 24.57, a price-to-earnings-growth ratio of 2.11 and a beta of 0.98. The company has a fifty day moving average price of $100.31 and a two-hundred day moving average price of $101.78.

Franklin Electric (NASDAQ:FELE) last issued its earnings results on Tuesday, February 18th. The industrial products company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.69 by $0.03. Franklin Electric had a return on equity of 14.46% and a net margin of 8.92%. The company had revenue of $485.75 million during the quarter, compared to the consensus estimate of $465.87 million. Analysts predict that Franklin Electric Co., Inc. will post 4.19 EPS for the current fiscal year.

Franklin Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were issued a dividend of $0.265 per share. This is an increase from Franklin Electric’s previous quarterly dividend of $0.25. The ex-dividend date was Thursday, February 6th. This represents a $1.06 annualized dividend and a dividend yield of 1.12%. Franklin Electric’s payout ratio is currently 27.53%.

Insider Transactions at Franklin Electric

In other Franklin Electric news, insider Delancey W. Davis sold 961 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $103.14, for a total transaction of $99,117.54. Following the completion of the sale, the insider now owns 7,701 shares in the company, valued at approximately $794,281.14. The trade was a 11.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.72% of the stock is owned by insiders.

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.