Aperio Group LLC raised its stake in shares of Franklin Electric Co., Inc. (NASDAQ:FELE) by 1.8% during the second quarter, Holdings Channel reports. The fund owned 20,675 shares of the industrial products company’s stock after buying an additional 364 shares during the period. Aperio Group LLC’s holdings in Franklin Electric Co. were worth $856,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. First Trust Advisors LP raised its position in shares of Franklin Electric Co. by 10.4% in the first quarter. First Trust Advisors LP now owns 139,580 shares of the industrial products company’s stock worth $6,009,000 after buying an additional 13,146 shares in the last quarter. Great West Life Assurance Co. Can raised its position in shares of Franklin Electric Co. by 7.6% in the first quarter. Great West Life Assurance Co. Can now owns 53,545 shares of the industrial products company’s stock worth $2,302,000 after buying an additional 3,771 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Franklin Electric Co. by 2.8% in the first quarter. Wells Fargo & Company MN now owns 1,623,924 shares of the industrial products company’s stock worth $69,910,000 after buying an additional 43,919 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of Franklin Electric Co. by 5.1% in the first quarter. Janney Montgomery Scott LLC now owns 11,307 shares of the industrial products company’s stock worth $487,000 after buying an additional 547 shares in the last quarter. Finally, Dubuque Bank & Trust Co. purchased a new position in shares of Franklin Electric Co. during the first quarter worth approximately $216,000. Institutional investors and hedge funds own 77.67% of the company’s stock.

Shares of Franklin Electric Co., Inc. (NASDAQ FELE) traded down 0.64% during trading on Friday, reaching $38.55. 100,867 shares of the company’s stock were exchanged. The company has a 50 day moving average of $40.74 and a 200 day moving average of $40.65. Franklin Electric Co., Inc. has a 52-week low of $34.75 and a 52-week high of $46.50. The firm has a market capitalization of $1.79 billion, a P/E ratio of 20.95 and a beta of 1.60.

Franklin Electric Co. (NASDAQ:FELE) last posted its earnings results on Tuesday, July 25th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. Franklin Electric Co. had a net margin of 8.62% and a return on equity of 13.10%. The business had revenue of $305.35 million for the quarter, compared to analyst estimates of $310.13 million. During the same period last year, the business posted $0.51 EPS. Franklin Electric Co.’s revenue was up 21.1% compared to the same quarter last year. Equities analysts anticipate that Franklin Electric Co., Inc. will post $1.92 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Investors of record on Thursday, August 3rd were paid a $0.108 dividend. The ex-dividend date was Tuesday, August 1st. This represents a $0.43 dividend on an annualized basis and a yield of 1.12%. Franklin Electric Co.’s payout ratio is presently 23.37%.

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FELE has been the topic of a number of recent analyst reports. BidaskClub upgraded shares of Franklin Electric Co. from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Zacks Investment Research upgraded shares of Franklin Electric Co. from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a report on Tuesday, April 25th. Finally, Boenning Scattergood reiterated an “outperform” rating and issued a $52.00 price objective (up previously from $44.00) on shares of Franklin Electric Co. in a report on Wednesday, July 26th.

In other Franklin Electric Co. news, VP John J. Haines sold 4,000 shares of the stock in a transaction on Friday, June 9th. The shares were sold at an average price of $41.00, for a total value of $164,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert J. Stone sold 39,260 shares of the stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $45.00, for a total transaction of $1,766,700.00. Following the completion of the sale, the insider now directly owns 39,392 shares of the company’s stock, valued at $1,772,640. The disclosure for this sale can be found here. Insiders sold a total of 47,331 shares of company stock worth $2,070,946 over the last quarter. 2.54% of the stock is currently owned by company insiders.

Franklin Electric Co. Company Profile

Franklin Electric Co, Inc designs, manufactures and distributes water and fuel pumping systems, consisting of submersible motors, pumps, electronic controls and related parts and equipment. Its segments include Water Systems segment, the Fueling Systems segment and Other. Its Water Systems segment is engaged in the production and marketing of water pumping systems and offers motors, pumps, drives, electronic controls and monitoring devices.

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Institutional Ownership by Quarter for Franklin Electric Co. (NASDAQ:FELE)

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