Dimensional Fund Advisors LP Sells 9,407 Shares of Franklin Electric Co., Inc. (NASDAQ:FELE)

Dimensional Fund Advisors LP lessened its position in Franklin Electric Co., Inc. (NASDAQ:FELE) by 0.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,085,807 shares of the industrial products company’s stock after selling 9,407 shares during the period. Dimensional Fund Advisors LP owned 2.36% of Franklin Electric worth $104,586,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC boosted its holdings in Franklin Electric by 88.0% in the first quarter. GAMMA Investing LLC now owns 314 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 147 shares in the last quarter. ORG Partners LLC bought a new position in Franklin Electric in the second quarter worth about $36,000. TFO Wealth Partners LLC lifted its holdings in Franklin Electric by 121,400.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,215 shares of the industrial products company’s stock worth $117,000 after buying an additional 1,214 shares during the period. Quest Partners LLC bought a new stake in Franklin Electric during the 4th quarter valued at approximately $147,000. Finally, Heritage Family Offices LLP purchased a new position in shares of Franklin Electric during the 2nd quarter worth approximately $217,000. 79.98% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Gregg C. Sengstack sold 5,396 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $106.64, for a total value of $575,429.44. Following the completion of the transaction, the insider now directly owns 98,093 shares in the company, valued at approximately $10,460,637.52. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Franklin Electric news, insider Gregg C. Sengstack sold 5,000 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $103.87, for a total value of $519,350.00. Following the completion of the transaction, the insider now owns 108,489 shares of the company’s stock, valued at approximately $11,268,752.43. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Gregg C. Sengstack sold 5,396 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $106.64, for a total transaction of $575,429.44. Following the transaction, the insider now owns 98,093 shares in the company, valued at approximately $10,460,637.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,486 shares of company stock worth $2,568,171. Insiders own 2.72% of the company’s stock.

Franklin Electric Stock Up 0.1 %

Shares of NASDAQ:FELE opened at $102.61 on Wednesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.14 and a current ratio of 2.65. Franklin Electric Co., Inc. has a 52-week low of $82.61 and a 52-week high of $108.39. The firm has a market capitalization of $4.73 billion, a P/E ratio of 25.52, a P/E/G ratio of 1.88 and a beta of 0.95. The stock has a 50 day moving average price of $100.53 and a 200-day moving average price of $100.11.

Franklin Electric (NASDAQ:FELE) last announced its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.06). The firm had revenue of $543.30 million for the quarter, compared to analysts’ expectations of $570.80 million. Franklin Electric had a net margin of 9.35% and a return on equity of 15.57%. The business’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.27 EPS. As a group, equities research analysts anticipate that Franklin Electric Co., Inc. will post 4.22 EPS for the current fiscal year.

Franklin Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend was Thursday, August 1st. Franklin Electric’s dividend payout ratio is 24.88%.

Franklin Electric Profile

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.