Franklin Electric Co., Inc. (NASDAQ:FELE) Holdings Lowered by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System decreased its stake in Franklin Electric Co., Inc. (NASDAQ:FELE) by 4.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,000 shares of the industrial products company’s stock after selling 900 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Franklin Electric were worth $1,992,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of FELE. CWM LLC boosted its holdings in shares of Franklin Electric by 16.7% in the third quarter. CWM LLC now owns 684 shares of the industrial products company’s stock worth $72,000 after buying an additional 98 shares during the period. Blue Trust Inc. lifted its position in shares of Franklin Electric by 55.7% in the 3rd quarter. Blue Trust Inc. now owns 299 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 107 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Franklin Electric by 1.0% in the 2nd quarter. Marshall Wace LLP now owns 11,009 shares of the industrial products company’s stock valued at $1,060,000 after acquiring an additional 109 shares in the last quarter. Duality Advisers LP boosted its stake in Franklin Electric by 1.6% in the 1st quarter. Duality Advisers LP now owns 8,857 shares of the industrial products company’s stock worth $946,000 after purchasing an additional 137 shares during the period. Finally, Signaturefd LLC grew its position in Franklin Electric by 29.9% during the 3rd quarter. Signaturefd LLC now owns 712 shares of the industrial products company’s stock worth $75,000 after purchasing an additional 164 shares in the last quarter. Hedge funds and other institutional investors own 79.98% of the company’s stock.

Franklin Electric Price Performance

Shares of NASDAQ:FELE opened at $96.09 on Wednesday. The company has a market cap of $4.43 billion, a P/E ratio of 23.90, a price-to-earnings-growth ratio of 2.02 and a beta of 0.95. The company’s fifty day moving average is $101.99 and its two-hundred day moving average is $100.22. The company has a quick ratio of 1.14, a current ratio of 2.65 and a debt-to-equity ratio of 0.07. Franklin Electric Co., Inc. has a 12-month low of $84.20 and a 12-month high of $108.39.

Franklin Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 7th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is Thursday, November 7th. Franklin Electric’s dividend payout ratio is currently 24.88%.

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.