Generali Investments CEE investicni spolecnost a.s. Purchases New Position in Franklin Electric Co., Inc. (NASDAQ:FELE)

Generali Investments CEE investicni spolecnost a.s. purchased a new stake in Franklin Electric Co., Inc. (NASDAQ:FELE) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,400 shares of the industrial products company’s stock, valued at approximately $331,000.

Other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC boosted its stake in Franklin Electric by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,004,057 shares of the industrial products company’s stock worth $105,264,000 after purchasing an additional 9,170 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in Franklin Electric by 21.6% in the fourth quarter. Allianz Asset Management GmbH now owns 811,682 shares of the industrial products company’s stock worth $79,098,000 after purchasing an additional 143,917 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Franklin Electric by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 503,775 shares of the industrial products company’s stock worth $49,093,000 after purchasing an additional 10,580 shares in the last quarter. KBC Group NV boosted its stake in Franklin Electric by 7.3% in the fourth quarter. KBC Group NV now owns 415,179 shares of the industrial products company’s stock worth $40,459,000 after purchasing an additional 28,121 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Franklin Electric by 15.9% in the fourth quarter. Bank of New York Mellon Corp now owns 392,080 shares of the industrial products company’s stock worth $38,208,000 after purchasing an additional 53,825 shares in the last quarter. Institutional investors and hedge funds own 79.98% of the company’s stock.

Franklin Electric Price Performance

Franklin Electric stock opened at $102.75 on Monday. 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 firm has a market cap of $4.70 billion, a P/E ratio of 26.69, a P/E/G ratio of 2.11 and a beta of 0.98. The business’s fifty day moving average is $99.71 and its two-hundred day moving average is $101.97. Franklin Electric Co., Inc. has a 52 week low of $91.67 and a 52 week high of $111.94.

Franklin Electric (NASDAQ:FELE) last issued its quarterly earnings results on Tuesday, February 18th. The industrial products company reported $0.72 earnings per share (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 business had revenue of $485.75 million for the quarter, compared to analyst estimates of $465.87 million. Equities research analysts forecast that Franklin Electric Co., Inc. will post 4.19 earnings per share for the current fiscal year.

Franklin Electric Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were paid a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 1.03%. The ex-dividend date was Thursday, February 6th. This is a positive change from Franklin Electric’s previous quarterly dividend of $0.25. Franklin Electric’s dividend payout ratio is 27.53%.

Insider Activity

In related news, insider Delancey W. Davis sold 961 shares of the company’s 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 sale, the insider now owns 7,701 shares in the company, valued at approximately $794,281.14. This represents a 11.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.72% of the stock is currently 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.