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FELE - Mueller Industries: Prudent And Balanced Growth At A Reasonable Price
Franklin Electric Co. Inc.
Mueller Industries benefitted from rising prices of copper and increased construction activity in 2021 and so far in 2022 despite headwinds.
Recent acquisitions and disciplined capital allocation support future growth and stockholder returns in the form of share buybacks and a 92% increase in the quarterly dividend.
The company's balance sheet is strong and supports continued growth as confidence in construction activities remains positive.