Assenagon Asset Management S.A. Boosts Stake in Franklin Electric Co., Inc. (NASDAQ:FELE)

Assenagon Asset Management S.A. lifted its stake in shares of Franklin Electric Co., Inc. (NASDAQ:FELE) by 6.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 176,080 shares of the industrial products company’s stock after buying an additional 10,479 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.38% of Franklin Electric worth $18,457,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Blue Trust Inc. grew its holdings in Franklin Electric by 55.7% in the 3rd quarter. Blue Trust Inc. now owns 299 shares of the industrial products company’s stock worth $29,000 after buying an additional 107 shares in the last quarter. ORG Partners LLC purchased a new position in Franklin Electric in the 2nd quarter worth about $36,000. CWM LLC raised its holdings in shares of Franklin Electric by 16.7% during the third quarter. CWM LLC now owns 684 shares of the industrial products company’s stock valued at $72,000 after acquiring an additional 98 shares during the period. USA Financial Formulas acquired a new stake in Franklin Electric during the 3rd quarter valued at $74,000. Finally, Signaturefd LLC lifted its stake in Franklin Electric by 29.9% in the 3rd quarter. Signaturefd LLC now owns 712 shares of the industrial products company’s stock worth $75,000 after acquiring an additional 164 shares in the last quarter. Institutional investors own 79.98% of the company’s stock.

Insider Transactions at Franklin Electric

In related news, insider Gregg C. Sengstack sold 5,396 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $106.64, for a total transaction of $575,429.44. Following the completion of the sale, the insider now owns 98,093 shares in the company, valued at $10,460,637.52. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Franklin Electric news, insider Gregg C. Sengstack sold 5,396 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $106.64, for a total transaction of $575,429.44. Following the completion of the transaction, the insider now owns 98,093 shares in the company, valued at $10,460,637.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Gregg C. Sengstack sold 5,000 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $103.87, for a total value of $519,350.00. Following the transaction, the insider now owns 108,489 shares of the company’s stock, valued at $11,268,752.43. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.72% of the stock is currently owned by corporate insiders.

Franklin Electric Trading Down 0.3 %

Shares of NASDAQ:FELE opened at $101.60 on Friday. The firm has a fifty day moving average of $101.94 and a two-hundred day moving average of $100.22. The company has a quick ratio of 1.14, a current ratio of 2.65 and a debt-to-equity ratio of 0.07. Franklin Electric Co., Inc. has a 12-month low of $83.71 and a 12-month high of $108.39. The firm has a market capitalization of $4.64 billion, a P/E ratio of 25.34, a price-to-earnings-growth ratio of 2.02 and a beta of 0.95.

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.