1 day Ago By ABMN Staff
Renaissance Technologies LLC reduced its stake in shares of Franklin Electric Co., Inc. ( NASDAQ:FELE – Free Report ) by 25.
1% in the 4th quarter, HoldingsChannel.com reports. 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 SEC filing. A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FELE. Vanguard Group Inc.
lifted its position in Franklin Electric by 1.0% in the 4th quarter. Vanguard Group Inc.
now owns 4,769,582 shares of the industrial products company’s stock worth $464,796,000 after buying an additional 45,174 shares in the last quarter. Allianz Asset Management GmbH raised its holdings in shares of Franklin Electric by 21.6% during the fourth quarter.
Allianz Asset Management GmbH now owns 811,682 shares of the industrial products company’s stock worth $79,098,000 after acquiring an additional 143,917 shares in the last quarter. Norges Bank acquired a new stake in Franklin Electric during the fourth quarter valued at $56,968,000. Charles Schwab Investment Management Inc.
grew 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 valued at $49,093,000 after purchasing an additional 10,580 shares in the last quarter. Finally, KBC Group NV increased its position in Franklin Electric by 7.3% in the 4th 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 during the last quarter. 79.98% of the stock is owned by hedge funds and other institutional investors.
Franklin Electric Stock Down 4.4 % Shares of Franklin Electric stock opened at $84.78 on Wednesday.
The firm has a market cap of $3.88 billion, a price-to-earnings ratio of 22.02, a P/E/G ratio of 2.
11 and a beta of 1.02. The stock has a 50-day simple moving average of $94.
54 and a 200-day simple moving average of $99.49. Franklin Electric Co.
, Inc. has a 52-week low of $78.87 and a 52-week high of $111.
94. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.
22 and a quick ratio of 1.06. Franklin Electric Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd.
Shareholders of record on Thursday, May 8th will be given a $0.265 dividend. The ex-dividend date of this dividend is Thursday, May 8th.
This represents a $1.06 dividend on an annualized basis and a dividend yield of 1.25%.
Franklin Electric’s dividend payout ratio is currently 27.53%. Insider Transactions at Franklin Electric In other 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 value of $99,117.
54. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink .
2.72% of the stock is currently owned by corporate insiders. About Franklin Electric ( 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 Reading Want to see what other hedge funds are holding FELE? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Franklin Electric Co., Inc. ( NASDAQ:FELE – Free Report ).
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