Franklin Electric Co., Inc. (NASDAQ:FELE) Holdings Decreased by Trust Point Inc.

Trust Point Inc. lessened its stake in Franklin Electric Co., Inc. (NASDAQ:FELE) by 14.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,043 shares of the industrial products company’s stock after selling 1,198 shares during the period. Trust Point Inc.’s holdings in Franklin Electric were worth $686,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of FELE. Blue Trust Inc. boosted its holdings in shares of Franklin Electric by 55.7% in the third 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. Spire Wealth Management bought a new position in Franklin Electric during the 4th quarter valued at $29,000. Trust Co. of Vermont acquired a new position in shares of Franklin Electric during the 4th quarter valued at $40,000. CWM LLC raised its stake in shares of Franklin Electric by 16.7% in the 3rd quarter. CWM LLC now owns 684 shares of the industrial products company’s stock worth $72,000 after buying an additional 98 shares in the last quarter. Finally, USA Financial Formulas acquired a new stake in shares of Franklin Electric in the third quarter valued at $74,000. Institutional investors and hedge funds own 79.98% of the company’s stock.

Franklin Electric Stock Performance

FELE opened at $99.78 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 2.40 and a debt-to-equity ratio of 0.01. The firm has a market cap of $4.56 billion, a PE ratio of 25.26, a P/E/G ratio of 1.96 and a beta of 1.00. The business has a fifty day simple moving average of $100.64 and a 200-day simple moving average of $101.75. Franklin Electric Co., Inc. has a fifty-two week low of $91.67 and a fifty-two week high of $111.94.

Franklin Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 6th will be given a $0.265 dividend. This is a positive change from Franklin Electric’s previous quarterly dividend of $0.25. The ex-dividend date is Thursday, February 6th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 1.06%. Franklin Electric’s dividend payout ratio (DPR) is 25.32%.

Wall Street Analyst Weigh In

Separately, Robert W. Baird dropped their price target on shares of Franklin Electric from $107.00 to $105.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th.

Franklin Electric Company 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.