3 days Ago By ABMN Staff
Bank of Montreal Can increased its position in shares of Franklin Electric Co., Inc. ( NASDAQ:FELE – Free Report ) by 74.
7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,243 shares of the industrial products company’s stock after buying an additional 9,084 shares during the period. Bank of Montreal Can’s holdings in Franklin Electric were worth $2,070,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FELE. Norges Bank purchased a new stake in shares of Franklin Electric during the 4th quarter worth about $56,968,000. Allianz Asset Management GmbH boosted its position in 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 purchasing an additional 143,917 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Franklin Electric in the fourth quarter valued at approximately $134,000.
JPMorgan Chase & Co. grew its holdings in Franklin Electric by 60.1% in the fourth quarter.
JPMorgan Chase & Co. now owns 247,098 shares of the industrial products company’s stock valued at $24,080,000 after purchasing an additional 92,793 shares during the period. Finally, Wealthfront Advisers LLC purchased a new stake in shares of Franklin Electric in the fourth quarter valued at approximately $8,046,000.
Institutional investors and hedge funds own 79.98% of the company’s stock. Insider Buying and Selling at Franklin Electric In related news, insider Delancey W.
Davis sold 961 shares of the stock in a transaction on 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 approximately $794,281.14.
This represents a 11.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website .
Insiders own 2.72% of the company’s stock. Franklin Electric Trading Down 1.
9 % Franklin Electric ( NASDAQ:FELE – Get Free Report ) last posted its quarterly earnings data 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. The business had revenue of $485.
75 million for the quarter, compared to the consensus estimate of $465.87 million. Franklin Electric had a net margin of 8.
92% and a return on equity of 14.46%. On average, 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 disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were paid a dividend of $0.265 per share.
This is a positive change from Franklin Electric’s previous quarterly dividend of $0.25. This represents a $1.
06 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend was Thursday, February 6th.
Franklin Electric’s payout ratio is 27.53%. 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. Featured Articles 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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