Zebra Capital Management LLC Has $888,000 Stock Position in Franklin Electric Co. (NASDAQ:FELE)

Zebra Capital Management LLC decreased its position in Franklin Electric Co. (NASDAQ:FELE) by 5.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 18,697 shares of the industrial products company’s stock after selling 1,139 shares during the period. Zebra Capital Management LLC’s holdings in Franklin Electric were worth $888,000 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 the business. Oregon Public Employees Retirement Fund raised its holdings in Franklin Electric by 1.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 15,026 shares of the industrial products company’s stock valued at $768,000 after acquiring an additional 271 shares in the last quarter. Mason Street Advisors LLC raised its holdings in Franklin Electric by 2.4% in the 1st quarter. Mason Street Advisors LLC now owns 12,335 shares of the industrial products company’s stock valued at $630,000 after acquiring an additional 286 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Franklin Electric by 1.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 24,800 shares of the industrial products company’s stock valued at $1,178,000 after acquiring an additional 390 shares in the last quarter. Arizona State Retirement System raised its holdings in Franklin Electric by 0.8% in the 2nd quarter. Arizona State Retirement System now owns 59,748 shares of the industrial products company’s stock valued at $2,838,000 after acquiring an additional 499 shares in the last quarter. Finally, Piedmont Investment Advisors Inc. raised its holdings in Franklin Electric by 6.2% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 9,949 shares of the industrial products company’s stock valued at $508,000 after acquiring an additional 583 shares in the last quarter. 77.51% of the stock is owned by hedge funds and other institutional investors.

FELE has been the topic of several analyst reports. Zacks Investment Research lowered Franklin Electric from a “hold” rating to a “sell” rating in a research note on Monday. BidaskClub upgraded Franklin Electric from a “hold” rating to a “buy” rating in a research note on Friday, September 13th.

NASDAQ FELE traded down $1.38 during trading hours on Wednesday, reaching $47.96. 3,291 shares of the company’s stock were exchanged, compared to its average volume of 101,901. The stock has a market cap of $2.35 billion, a PE ratio of 21.35 and a beta of 1.31. The company has a current ratio of 2.15, a quick ratio of 0.98 and a debt-to-equity ratio of 0.15. The firm has a fifty day moving average of $46.15 and a 200-day moving average of $47.58. Franklin Electric Co. has a one year low of $38.87 and a one year high of $55.59.

Franklin Electric (NASDAQ:FELE) last issued its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $0.70 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.04). The business had revenue of $355.30 million for the quarter, compared to analyst estimates of $358.31 million. Franklin Electric had a return on equity of 13.17% and a net margin of 7.36%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.65 EPS. As a group, research analysts forecast that Franklin Electric Co. will post 2.21 EPS for the current year.

In related news, insider Delancey W. Davis sold 820 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $48.83, for a total transaction of $40,040.60. Following the sale, the insider now owns 18,486 shares of the company’s stock, valued at approximately $902,671.38. 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 1,016 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $46.11, for a total value of $46,847.76. Following the sale, the insider now directly owns 16,415 shares in the company, valued at approximately $756,895.65. The disclosure for this sale can be found here. Insiders have sold a total of 25,836 shares of company stock worth $1,233,014 in the last ninety days. 2.88% of the stock is currently owned by company insiders.

Franklin Electric Profile

Franklin Electric Co, Inc, together with its subsidiaries, designs, manufactures, and distributes water and fuel pumping systems worldwide. It operates in three segments: Water Systems, Fueling Systems, and Distribution. The Water Systems segment offers submersible motors, pumps, drives, electronic controls, monitoring devices, and related parts and equipment.

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

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