Natixis Advisors LLC Has $1.50 Million Position in Franklin Electric Co., Inc. (NASDAQ:FELE)

Natixis Advisors LLC grew its holdings in Franklin Electric Co., Inc. (NASDAQ:FELE) by 5.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,419 shares of the industrial products company’s stock after buying an additional 856 shares during the quarter. Natixis Advisors LLC’s holdings in Franklin Electric were worth $1,503,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Victory Capital Management Inc. raised its position in Franklin Electric by 1.6% in the third quarter. Victory Capital Management Inc. now owns 14,300 shares of the industrial products company’s stock worth $1,499,000 after purchasing an additional 227 shares in the last quarter. Caprock Group LLC acquired a new position in shares of Franklin Electric in the 3rd quarter worth approximately $208,000. Intech Investment Management LLC lifted its position in shares of Franklin Electric by 420.9% during the 3rd quarter. Intech Investment Management LLC now owns 11,001 shares of the industrial products company’s stock worth $1,153,000 after buying an additional 8,889 shares during the period. Citigroup Inc. boosted its stake in Franklin Electric by 73.1% in the 3rd quarter. Citigroup Inc. now owns 58,923 shares of the industrial products company’s stock valued at $6,176,000 after buying an additional 24,889 shares in the last quarter. Finally, Quantbot Technologies LP grew its position in Franklin Electric by 6,578.0% in the third quarter. Quantbot Technologies LP now owns 12,421 shares of the industrial products company’s stock valued at $1,302,000 after acquiring an additional 12,235 shares during the period. 79.98% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Delancey W. Davis sold 961 shares of Franklin Electric stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $103.14, for a total value of $99,117.54. Following the completion of the transaction, the insider now directly owns 7,701 shares of the company’s stock, valued at $794,281.14. The trade was a 11.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.72% of the company’s stock.

Franklin Electric Stock Up 2.5 %

Shares of NASDAQ FELE opened at $97.91 on Tuesday. Franklin Electric Co., Inc. has a 52-week low of $91.67 and a 52-week high of $111.94. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.06 and a current ratio of 2.22. The business has a fifty day moving average of $100.40 and a two-hundred day moving average of $101.78. The stock has a market cap of $4.48 billion, a PE ratio of 25.43, a PEG ratio of 2.11 and a beta of 0.98.

Franklin Electric (NASDAQ:FELE) last released its quarterly earnings results on Tuesday, February 18th. The industrial products company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.03. The firm had revenue of $485.75 million for the quarter, compared to analyst estimates of $465.87 million. Franklin Electric had a net margin of 8.92% and a return on equity of 14.46%. As a group, equities research analysts expect that Franklin Electric Co., Inc. will post 4.19 earnings per share for the current fiscal year.

Franklin Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were given a $0.265 dividend. 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 yield of 1.08%. Franklin Electric’s payout ratio is presently 27.53%.

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.