SG Americas Securities LLC Has $586,000 Stake in Franklin Electric Co., Inc. (NASDAQ:FELE)

SG Americas Securities LLC reduced its position in shares of Franklin Electric Co., Inc. (NASDAQ:FELE) by 39.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,590 shares of the industrial products company’s stock after selling 3,640 shares during the quarter. SG Americas Securities LLC’s holdings in Franklin Electric were worth $586,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Trust Co. of Toledo NA OH grew its holdings in Franklin Electric by 19.6% during the third quarter. Trust Co. of Toledo NA OH now owns 6,100 shares of the industrial products company’s stock worth $639,000 after purchasing an additional 1,000 shares during the period. Sanctuary Advisors LLC bought a new position in shares of Franklin Electric during the 2nd quarter worth approximately $426,000. Algert Global LLC acquired a new position in shares of Franklin Electric during the 2nd quarter worth approximately $380,000. The Manufacturers Life Insurance Company raised its stake in Franklin Electric by 1.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,209 shares of the industrial products company’s stock valued at $2,428,000 after acquiring an additional 377 shares during the period. Finally, Earnest Partners LLC lifted its holdings in Franklin Electric by 2.6% during the 2nd quarter. Earnest Partners LLC now owns 1,563,125 shares of the industrial products company’s stock valued at $150,560,000 after purchasing an additional 39,478 shares during the last quarter. Institutional investors and hedge funds own 79.98% of the company’s stock.

Franklin Electric Stock Performance

Shares of FELE stock opened at $106.40 on Tuesday. The company has a market capitalization of $4.90 billion, a price-to-earnings ratio of 26.47, a PEG ratio of 2.07 and a beta of 0.95. 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 company has a 50-day simple moving average of $100.94 and a 200 day simple moving average of $100.21.

Franklin Electric (NASDAQ:FELE) last announced its earnings results on Tuesday, July 23rd. The industrial products company reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.06). Franklin Electric had a return on equity of 15.57% and a net margin of 9.35%. The business had revenue of $543.30 million for the quarter, compared to analyst estimates of $570.80 million. During the same quarter in the previous year, the company earned $1.27 EPS. The business’s revenue for the quarter was down 4.6% on a year-over-year basis. On average, sell-side analysts predict that Franklin Electric Co., Inc. will post 4.22 earnings per share for the current year.

Franklin Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.00 annualized dividend and a dividend yield of 0.94%. Franklin Electric’s dividend payout ratio is 24.88%.

Insider Activity at Franklin Electric

In other Franklin Electric news, insider Jay J. Walsh sold 14,090 shares of the company’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $104.57, for a total value of $1,473,391.30. Following the sale, the insider now owns 16,927 shares in the company, valued at approximately $1,770,056.39. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other 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 transaction, the insider now owns 98,093 shares in the company, valued at approximately $10,460,637.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jay J. Walsh sold 14,090 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $104.57, for a total transaction of $1,473,391.30. Following the completion of the sale, the insider now directly owns 16,927 shares in the company, valued at approximately $1,770,056.39. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,486 shares of company stock worth $2,568,171 over the last three months. Company insiders own 2.72% of the company’s stock.

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.