BlackRock, Inc. Amends Schedule 13G/A for Franklin Electric Co Inc

BlackRock, Inc. filed an amendment to its Schedule 13G/A for Franklin Electric Co Inc, reporting ownership of 5,930,341 shares, representing 13.3% of the company's common stock. The filing indicates a decrease of 272,142 shares compared to the previous report, reflecting a 4.39% reduction in shares owned. The value of the holdings increased by $20.41 million to $577.02 million, a 3.67% rise. BlackRock, Inc. certifies that the shares were acquired and are held in the ordinary course of business and not for the purpose of influencing control of the issuer. The filing also notes that the iShares Core S&P Small-Cap ETF holds more than 5% of Franklin Electric's common stock.