Important Dividends: Franklin Electric Co., Inc. (NASDAQ:FELE) expects Nov 17, 2016 to be an important day for investors.

Important Dividends: Franklin Electric Co., Inc. (NASDAQ:FELE) expects Nov 17, 2016 to be an important day for investors.

Franklin Electric Co., Inc. (NASDAQ:FELE) is expected to pay $0.10 on Nov 17, 2016. The indicated annual dividend is $0.40. Shareholders owning the stock before Nov 1, 2016 will be eligible to receive the payout. Based on Franklin Electric Co., Inc.’s current price of $36.35, the dividend is 0.28%. This dividend’s record date is Nov 3, 2016 and the announcement date is Oct 25, 2016. The stock increased 2.11% or $0.75 on October 28, hitting $36.35. Franklin Electric Co. (NASDAQ:FELE) has risen 11.13% since March 29, 2016 and is uptrending. It has outperformed by 7.65% the S&P500.

Franklin Electric Co., Inc., together with its subsidiaries, is engaged in designing, manufacturing and distributing water and fuel pumping systems, composed of submersible motors, pumps, electronic controls, and related parts and equipment. The company has a market cap of $1.72 billion. The Company’s divisions include the Water Systems segment and the Fueling Systems segment. It has a 23.6 P/E ratio. The Company’s Water Systems and Fueling Systems products and related equipment are sold to specialty distributors and some original equipment manufacturers , as well as industrial and petroleum equipment distributors, and oil and utility companies.

Insitutional Activity: The institutional sentiment increased to 1.5 in Q2 2016. Its up 0.59, from 0.91 in 2016Q1. The ratio improved, as 13 funds sold all Franklin Electric Co. shares owned while 39 reduced positions. 16 funds bought stakes while 62 increased positions. They now own 35.01 million shares or 4.08% less from 36.50 million shares in 2016Q1.
Ameriprise Financial holds 0.01% of its portfolio in Franklin Electric Co. (NASDAQ:FELE) for 664,780 shares. Moreover, Schwab Charles Mngmt has 0.01% invested in Franklin Electric Co. (NASDAQ:FELE) for 198,733 shares. The Maine-based Schroder Invest Management Group has invested 0.01% in Franklin Electric Co. (NASDAQ:FELE). Pinebridge Investments Limited Partnership has invested 0.01% of its portfolio in Franklin Electric Co. (NASDAQ:FELE). Duncker Streett has invested 0% of its portfolio in Franklin Electric Co. (NASDAQ:FELE). Impax Asset Mgmt holds 1.92% of its portfolio in Franklin Electric Co. (NASDAQ:FELE) for 1.17M shares. Renaissance Technology Ltd Limited Liability Company has 8,589 shares for 0% of their US portfolio. Blackrock has 0% invested in the company for 18,337 shares. Vaughan Nelson Invest L P accumulated 1.69M shares or 0.71% of the stock. Franklin Resources Inc holds 0.01% or 454,162 shares in its portfolio. Chesley Taft And Assoc Ltd Company has 0.13% invested in the company for 38,275 shares. Aperio Gru Limited Co holds 18,187 shares or 0% of its portfolio. Dimensional Fund Advsr L P has 0.03% invested in the company for 1.54 million shares. Financial Bank Of Montreal Can accumulated 678 shares or 0% of the stock. Capstone Asset Management Communications accumulated 0.01% or 11,845 shares.

Insider Transactions: Since May 4, 2016, the stock had 0 buys, and 17 sales for $2.26 million net activity. Kenney Donald P also sold $220,400 worth of Franklin Electric Co. (NASDAQ:FELE) shares. Strupp Thomas J sold 3,750 shares worth $132,227. 10,000 shares were sold by STONE ROBERT J, worth $400,292. Shares for $154,564 were sold by Haines John J. Shares for $53,069 were sold by davis delancey w on Wednesday, August 3. 4,498 shares were sold by Wathen David M, worth $172,194 on Monday, August 1.

Franklin Electric Co. (NASDAQ:FELE) Ratings Coverage

Out of 5 analysts covering Franklin Electric (NASDAQ:FELE), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. $36 is the highest target while $29 is the lowest. The $33.67 average target is -7.37% below today’s ($36.35) stock price. Franklin Electric has been the topic of 9 analyst reports since September 30, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Wednesday, February 24 by Wedbush. Ladenburg Thalmann initiated the stock with “Sell” rating in Tuesday, December 22 report. Alembic initiated the shares of FELE in a report on Wednesday, September 30 with “Overweight” rating. Ladenburg Thalmann upgraded the stock to “Neutral” rating in Tuesday, January 12 report. The company was initiated on Thursday, October 15 by Boenning & Scattergood. The stock of Franklin Electric Co. (NASDAQ:FELE) earned “Outperform” rating by Boenning & Scattergood on Monday, July 11. Seaport Global downgraded Franklin Electric Co. (NASDAQ:FELE) on Friday, June 10 to “Neutral” rating.

Another recent and important Franklin Electric Co. (NASDAQ:FELE) news was published by Nasdaq.com which published an article titled: “Ex-Dividend Reminder: Discover Financial Services, Adtran and Franklin Electric” on October 28, 2016.

FELE Company Profile

Franklin Electric Co., Inc., incorporated on November 12, 1946, together with its subsidiaries, is engaged in designing, manufacturing and distributing water and fuel pumping systems, composed of submersible motors, pumps, electronic controls, and related parts and equipment. The Company’s divisions include the Water Systems segment and the Fueling Systems segment. The Company’s Water Systems and Fueling Systems products and related equipment are sold to specialty distributors and original equipment manufacturers (OEMs), as well as industrial and petroleum equipment distributors, and oil and utility companies.

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