SEC Form SC 13G/A filed

$FELE
Metal Fabrications
Consumer Discretionary
Get the next $FELE alert in real time by email
SC 13G/A 1 fele13g10th1220.txt FRANKLIN ELECTRIC CO., INC. - 12/31/2020 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No._10_) FRANKLIN ELECTRIC CO., INC. ------------------------------------------------------------------------------- (Name of Issuer) Common Stock ------------------------------------------------------------------------------- (Title of Class of Securities) 353514102 ------------------------------ (CUSIP Number) 12/31/2020 ------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) CUSIP NO. 353514102 --------- ------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). EARNEST Partners, LLC ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ] (b) [ ] ------------------------------------------------------------------------------- 3 SEC USE ONLY ------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware ------------------------------------------------------------------------------- 5 SOLE VOTING POWER 1,500,318 NUMBER OF ----------------------------------------------------------------- SHARES BENEFICIALLY 6 SHARED VOTING POWER 0 OWNED BY ----------------------------------------------------------------- EACH REPORTING 7 SOLE DISPOSITIVE POWER 2,360,713 PERSON WITH ----------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 0 ------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,360,713 ------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)[ ] ------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.1% ------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) ------------------------------------------------------------------------------- IA ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- Item 1 (a) Name of Issuer FRANKLIN ELECTRIC CO., INC. (b) Address of Issuer's Principal Executive Offices 9255 Coverdale Road, Fort Wayne, Indiana 46809 Item 2 (a) Name of Person Filing EARNEST Partners, LLC (b) Address of Principal Business Office or, if none, Residence 1180 Peachtree Street NE, Suite 2300, Atlanta, Georgia 30309 (c) Citizenship Delaware (d) Title of Class of Securities Common Stock (e) CUSIP Number 353514102 Item 3. If this statement is filed pursuant to 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a: (a) [ ] Broker or dealer registered under section 15 of the Act (b) [ ] Bank as defined in section 3(a)(6) of the Act (c) [ ] Insurance company as defined in section 3(a)(19) of the Act (d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (e) [X] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J). Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 2,360,713 (b) Percent of class: 5.1% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote 1,500,318 (ii) Shared power to vote or to direct the vote 0 (iii) Sole power to dispose or to direct the disposition of 2,360,713 (iv) Shared power to dispose or to direct the disposition of 0 Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: [ ] Item 6. Ownership of More than Five Percent on Behalf of Another Person. EARNEST Partners, LLC is filing as an investment adviser in accordance with 240.13d-1(b)(1)(ii)(E). No client interest relates to more than five percent of the class. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. Not Applicable Item 8. Identification and Classification of Members of the Group. Not Applicable Item 9. Notice of Dissolution of a Group Not Applicable Item 10. Certification (a) The following certification shall be included if the statement is filed pursuant to Rule 13d-1(b): By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. (b) The following certification shall be included if the statement is filed pursuant to Rule 13d-1(c): By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. February 16, 2021 ---------------------------------- Date /s/ James M. Wilson ---------------------------------- Signature James M. Wilson Chief Compliance Officer ---------------------------------- Name/Title Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001) ACN/Form 13G (C) 2006: Advisor Consultant Network, Inc.
Get the next $FELE alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$FELE

DatePrice TargetRatingAnalyst
2/23/2024$110.00Neutral → Buy
Northcoast
4/19/2023Perform
Oppenheimer
8/15/2022Buy → Neutral
Northcoast
7/15/2022$82.00Buy
Northcoast
7/14/2022$75.00Outperform → Neutral
Robert W. Baird
4/27/2022Neutral → Buy
Seaport Research Partners
3/9/2022$95.00Neutral → Outperform
Boenning & Scattergood
More analyst ratings

$FELE
Press Releases

Fastest customizable press release news feed in the world

See more
  • Franklin Electric Reports Fourth Quarter 2024 and Full Year 2024 Results

    Fourth Quarter 2024 Highlights Consolidated net sales of $485.7 million, an increase of 3% to the prior yearEnergy Systems and Distribution net sales increased 5% and 6%, respectively, while Water Systems net sales were flatOperating income was $43.0 million with operating margin of 8.9%GAAP fully diluted earnings per share (EPS) was $0.72 Full Year 2024 Highlights Consolidated net sales of $2.0 billion, a decrease of 2% to the prior yearDistribution net sales increased 2%, while Water Systems and Energy Systems net sales decreased 2% and 8%, respectivelyOperating income was $243.6 million with operating margin of 12.1%GAAP fully diluted earnings per share (EPS) was $3.86Cash flows from o

    $FELE
    Metal Fabrications
    Consumer Discretionary
  • Franklin Electric Announces Execution of Definitive Agreement for the Acquisition of Barnes de Colombia

    FORT WAYNE, Ind., Feb. 14, 2025 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ:FELE) Fort Wayne, Indiana, USA-based Franklin has signed a definitive agreement to acquire Barnes de Colombia S.A., a leading manufacturer and distributor of industrial and commercial pumps based in Cota, Cundinamarca, Colombia. This acquisition aligns with Franklin Electric's long-term growth and diversification goals, providing significant opportunities for expansion in Latin America. Barnes de Colombia, also operating under the WDM brand in certain countries including the US, is headquartered near Bogotá, Colombia. It has two manufacturing facilities and over eight stocking locations in Colombia

    $FELE
    Metal Fabrications
    Consumer Discretionary
  • Gabelli Funds to Host Pump, Valve & Water Systems Symposium at the Harvard Club, New York City

    GREENWICH, Conn., Feb. 04, 2025 (GLOBE NEWSWIRE) -- Gabelli Funds is hosting its 35th annual Pump, Valve & Water Systems Symposium at the Harvard Club in New York City on Thursday, February 27, 2025. The symposium focuses on themes crucial to this industry, including infrastructure spending, resource security, conservation, and mergers and acquisitions (M&A). Attendees will have the opportunity to engage in one-on-one sessions with management, providing an opportunity to delve into the strategies and growth prospects of these companies. This symposium underscores the pivotal role of the pump, valve, and water systems industry in addressing global challenges. It highlights the sector's sig

    $AME
    $BMI
    $CR
    $EPAC
    Industrial Machinery/Components
    Industrials
    Metal Fabrications
    Technology

$FELE
Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

See more

$FELE
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

See more

$FELE
SEC Filings

See more

$FELE
Leadership Updates

Live Leadership Updates

See more
  • Franklin Electric Appoints Joe Ruzynski as CEO; Gregg Sengstack Remains Executive Chairperson

    FORT WAYNE, Ind., May 14, 2024 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ:FELE), a global leader in water and energy systems, announced today that its Board of Directors has appointed Joe Ruzynski as Chief Executive Officer and a member of the Board, effective July 1, 2024. Gregg Sengstack, who has served as CEO since 2014 and Chairperson since 2015, will continue as Executive Chairperson. Ruzynski, 49, joins Franklin Electric from nVent Electric plc (NYSE:NVT), a global leader in electrical connection and protection solutions, where he served as President of the Enclosures Segment since 2018. Prior to that, he held various leadership roles at Pentair plc, a global water tech

    $FELE
    $NVT
    Metal Fabrications
    Consumer Discretionary
    Industrial Machinery/Components
    Industrials
  • Franklin Electric Appoints Jeffery L. Taylor as Vice President and Chief Financial Officer and Announces Retirement of CFO John J. Haines

    Jeffery L. Taylor has been appointed VP – CFO of Franklin Electric Co., Inc., effective June 14, 2021John J. Haines, VP – CFO of Franklin Electric Co., Inc., retires after 13 yearsMr. Taylor brings over 20 years of finance leadership experience to Franklin Electric, including most recently as the CFO of Blue Bird Corporation (NASDAQ:BLBD) FORT WAYNE, Ind., June 14, 2021 (GLOBE NEWSWIRE) -- Franklin Electric Co. Inc. (NASDAQ:FELE) announced today that Jeffery L. Taylor has been appointed Vice President and Chief Financial Officer effective June 14, 2021. John J. Haines has retired as Vice President and Chief Financial Officer of the Company but will support Mr. Taylor through an interim pe

    $FELE
    $BLBD
    $WNC
    Metal Fabrications
    Consumer Discretionary
    Construction/Ag Equipment/Trucks
    Industrials

$FELE
Financials

Live finance-specific insights

See more
  • Franklin Electric Reports Fourth Quarter 2024 and Full Year 2024 Results

    Fourth Quarter 2024 Highlights Consolidated net sales of $485.7 million, an increase of 3% to the prior yearEnergy Systems and Distribution net sales increased 5% and 6%, respectively, while Water Systems net sales were flatOperating income was $43.0 million with operating margin of 8.9%GAAP fully diluted earnings per share (EPS) was $0.72 Full Year 2024 Highlights Consolidated net sales of $2.0 billion, a decrease of 2% to the prior yearDistribution net sales increased 2%, while Water Systems and Energy Systems net sales decreased 2% and 8%, respectivelyOperating income was $243.6 million with operating margin of 12.1%GAAP fully diluted earnings per share (EPS) was $3.86Cash flows from o

    $FELE
    Metal Fabrications
    Consumer Discretionary
  • Franklin Electric Schedules its Fourth Quarter and Fiscal Year 2024 Earnings Release and Conference Call

    FORT WAYNE, Ind., Feb. 04, 2025 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ:FELE) will release its fourth quarter and fiscal year 2024 earnings at 8:00 am ET on Tuesday, February 18, 2025. A conference call to review earnings and other developments in the business will commence at 9:00 am ET. The fourth quarter and fiscal year 2024 earnings call will be available via a live webcast. The webcast will be available in a listen only mode by going to: https://edge.media-server.com/mmc/p/9jnstij5 For those interested in participating in the question-and-answer portion of the call, please register for the call at the link below. https://register.vevent.com/register/BI4b232e4ceea643

    $FELE
    Metal Fabrications
    Consumer Discretionary
  • Franklin Electric Declares Payment of Increased Quarterly Cash Dividend

    FORT WAYNE, Ind., Jan. 27, 2025 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ:FELE) announced today that its Board of Directors declared a quarterly cash dividend of $0.265 per share payable February 20, 2025, to shareholders of record on February 6, 2025. This represents a 6 percent increase from the prior quarterly dividend. This dividend will mark the 33rd consecutive year that Franklin Electric has increased its dividend, demonstrating its commitment to returning cash to shareholders and confidence in the outlook of the business. About Franklin ElectricFranklin Electric is a global leader in the production and marketing of systems and components for the movement of water and

    $FELE
    Metal Fabrications
    Consumer Discretionary

$FELE
Large Ownership Changes

This live feed shows all institutional transactions in real time.

See more