1 day Ago By Defense World Staff
Renaissance Technologies LLC cut its position in shares of Franklin Electric Co., Inc. (NASDAQ:FELE – Free Report) by 25.
1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 13,100 shares of the industrial products company’s stock after selling 4,400 shares during the quarter. Renaissance Technologies LLC’s holdings in Franklin Electric were worth $1,277,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of FELE. Vanguard Group Inc. raised its position in Franklin Electric by 1.
0% in the fourth quarter. Vanguard Group Inc. now owns 4,769,582 shares of the industrial products company’s stock worth $464,796,000 after acquiring an additional 45,174 shares in the last quarter.
Allianz Asset Management GmbH raised its holdings in shares of Franklin Electric by 21.6% in the 4th 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.
Norges Bank acquired a new stake in Franklin Electric during the fourth quarter valued at approximately $56,968,000. Charles Schwab Investment Management Inc. boosted its holdings in Franklin Electric by 2.
1% during 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 buying an additional 10,580 shares in the last quarter.
Finally, KBC Group NV grew its position 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 buying an additional 28,121 shares during the last quarter.
Institutional investors and hedge funds own 79.98% of the company’s stock. Franklin Electric Price PerformanceShares of NASDAQ:FELE opened at $84.
78 on Wednesday. The company has a market capitalization of $3.88 billion, a PE ratio of 22.
02, a price-to-earnings-growth ratio of 2.11 and a beta of 1.02.
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 stock has a fifty day moving average of $94.54 and a 200-day moving average of $99.
49. Franklin Electric Co., Inc.
has a one year low of $78.87 and a one year high of $111.94.
Franklin Electric (NASDAQ:FELE – Get Free Report) last announced its earnings results on Tuesday, April 29th. The industrial products company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.
73 by ($0.06). The company had revenue of $455.
25 million for the quarter, compared to analysts’ expectations of $471.21 million. Franklin Electric had a net margin of 8.
92% and a return on equity of 14.46%. The company’s revenue for the quarter was down 1.
2% on a year-over-year basis. During the same period in the prior year, the company earned $0.70 earnings per share.
As a group, equities analysts anticipate that Franklin Electric Co., Inc. will post 4.
19 EPS for the current fiscal year. Franklin Electric Announces DividendThe company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be given a $0.
265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 1.
25%. The ex-dividend date of this dividend is Thursday, May 8th. Franklin Electric’s dividend payout ratio (DPR) is currently 27.
53%. Insider ActivityIn other Franklin Electric news, insider Delancey W. Davis sold 961 shares of Franklin Electric stock in a transaction that occurred 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 transaction, the insider now directly owns 7,701 shares in the company, valued at approximately $794,281.14. The trade was a 11.
09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.
72% of the stock is owned by company insiders. Franklin Electric Profile (Free Report)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.Further ReadingFive stocks we like better than Franklin ElectricMastering Discipline: Overcoming Emotional Challenges In TradingDon’t Be Fooled by the Bounce: The Market Storm Isn’t Over YetElection Stocks: How Elections Affect the Stock MarketCoca-Cola Company Stock Can Bubble to New Highs This YearWhat is an Earnings Surprise? 3 Stocks Lifting 2025 Guidance Despite Market Jitters.
