Janus Henderson Group PLC Raises Holdings in Franklin Electric Co., Inc. (NASDAQ:FELE)

Janus Henderson Group PLC increased its position in shares of Franklin Electric Co., Inc. (NASDAQ:FELE) by 15.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 87,906 shares of the industrial products company’s stock after purchasing an additional 11,775 shares during the quarter. Janus Henderson Group PLC owned 0.19% of Franklin Electric worth $8,567,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of FELE. Norges Bank acquired a new stake in shares of Franklin Electric during the fourth quarter worth about $56,968,000. Allianz Asset Management GmbH lifted 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 purchasing an additional 143,917 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Franklin Electric during the fourth quarter worth about $134,000. JPMorgan Chase & Co. lifted its holdings in shares of Franklin Electric by 60.1% during the fourth quarter. JPMorgan Chase & Co. now owns 247,098 shares of the industrial products company’s stock worth $24,080,000 after purchasing an additional 92,793 shares during the period. Finally, Wealthfront Advisers LLC acquired a new stake in shares of Franklin Electric during the fourth quarter worth about $8,046,000. Institutional investors and hedge funds own 79.98% of the company’s stock.

Franklin Electric Trading Up 1.6%

Shares of NASDAQ:FELE opened at $89.96 on Friday. Franklin Electric Co., Inc. has a 12-month low of $78.87 and a 12-month high of $111.94. The company has a market capitalization of $4.10 billion, a PE ratio of 23.37, a PEG ratio of 2.11 and a beta of 1.08. The business has a 50 day moving average of $90.86 and a two-hundred day moving average of $98.14. The company has a current ratio of 2.22, a quick ratio of 1.06 and a debt-to-equity ratio of 0.01.

Franklin Electric (NASDAQ:FELE) last announced its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.06). The company had revenue of $455.25 million during the quarter, compared to analyst estimates 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 was down 1.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.70 earnings per share. As a group, analysts forecast that Franklin Electric Co., Inc. will post 4.19 EPS for the current year.

Franklin Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be paid a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Thursday, May 8th. Franklin Electric’s payout ratio is 27.75%.

Insider Transactions at Franklin Electric

In other news, insider Delancey W. Davis sold 961 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $103.14, for a total transaction 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 $794,281.14. This represents a 11.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 2.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Robert W. Baird decreased their target price on Franklin Electric from $111.00 to $94.00 and set a “neutral” rating for the company in a report on Wednesday, April 30th. StockNews.com raised Franklin Electric from a “hold” rating to a “buy” rating in a report on Wednesday.

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.