Mason Street Advisors LLC Boosts Stake in Franklin Electric Co., Inc. (FELE)

Mason Street Advisors LLC raised its stake in Franklin Electric Co., Inc. (NASDAQ:FELE) by 7.2% during the first quarter, Holdings Channel reports. The institutional investor owned 9,002 shares of the industrial products company’s stock after buying an additional 604 shares during the period. Mason Street Advisors LLC’s holdings in Franklin Electric Co. were worth $388,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its stake in Franklin Electric Co. by 2.8% in the first quarter. Wells Fargo & Company MN now owns 1,623,924 shares of the industrial products company’s stock valued at $69,910,000 after buying an additional 43,919 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Franklin Electric Co. by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,557,365 shares of the industrial products company’s stock valued at $60,581,000 after buying an additional 20,168 shares in the last quarter. State Street Corp boosted its stake in Franklin Electric Co. by 7.8% in the fourth quarter. State Street Corp now owns 980,886 shares of the industrial products company’s stock valued at $38,158,000 after buying an additional 71,027 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Franklin Electric Co. by 3.7% in the first quarter. Bank of New York Mellon Corp now owns 567,727 shares of the industrial products company’s stock valued at $24,441,000 after buying an additional 20,368 shares in the last quarter. Finally, American Capital Management Inc. boosted its stake in Franklin Electric Co. by 3.2% in the first quarter. American Capital Management Inc. now owns 456,045 shares of the industrial products company’s stock valued at $19,633,000 after buying an additional 14,050 shares in the last quarter. 78.86% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Franklin Electric Co. (NASDAQ:FELE)

Shares of Franklin Electric Co., Inc. (NASDAQ FELE) opened at 40.35 on Tuesday. Franklin Electric Co., Inc. has a 1-year low of $31.39 and a 1-year high of $45.15. The company’s 50-day moving average price is $38.95 and its 200 day moving average price is $40.55. The firm has a market cap of $1.87 billion, a PE ratio of 23.76 and a beta of 1.62.

Franklin Electric Co. (NASDAQ:FELE) last issued its quarterly earnings results on Thursday, April 27th. The industrial products company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by $0.02. Franklin Electric Co. had a return on equity of 13.04% and a net margin of 8.48%. The company had revenue of $220.30 million during the quarter, compared to the consensus estimate of $226.74 million. During the same period in the prior year, the firm earned $0.29 earnings per share. The business’s revenue for the quarter was up .9% compared to the same quarter last year. On average, analysts predict that Franklin Electric Co., Inc. will post $1.80 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: This article was first reported by Ticker Report and is owned by of Ticker Report. If you are reading this article on another site, it was illegally stolen and reposted in violation of U.S. and international copyright legislation. The original version of this article can be viewed at https://www.tickerreport.com/banking-finance/2654859/mason-street-advisors-llc-boosts-stake-in-franklin-electric-co-inc-fele.html.

FELE has been the subject of several recent analyst reports. Zacks Investment Research cut Franklin Electric Co. from a “hold” rating to a “sell” rating in a research note on Wednesday, February 22nd. BidaskClub raised Franklin Electric Co. from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th.

In related news, VP John J. Haines sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $41.00, for a total value of $164,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Delancey W. Davis sold 4,071 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $34.45, for a total value of $140,245.95. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,947 shares of company stock worth $495,678. Insiders own 2.54% of the company’s stock.

Franklin Electric Co. Company Profile

Franklin Electric Co, Inc designs, manufactures and distributes water and fuel pumping systems, consisting of submersible motors, pumps, electronic controls and related parts and equipment. Its segments include Water Systems segment, the Fueling Systems segment and Other. Its Water Systems segment is engaged in the production and marketing of water pumping systems and offers motors, pumps, drives, electronic controls and monitoring devices.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:FELE”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding FELE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Franklin Electric Co., Inc. (NASDAQ:FELE).

Receive News & Ratings for Franklin Electric Co. Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin Electric Co. Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
President Trump Hurting Tourism in the U.S.
President Trump Hurting Tourism in the U.S.
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Blue Apron Filed Thursday for Public Offering
Blue Apron Filed Thursday for Public Offering
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Large Auto Lender Checked Just 8% of Incomes for Applicants
Large Auto Lender Checked Just 8% of Incomes for Applicants


Leave a Reply

© 2006-2017 Ticker Report. Google+.