129,050 Shares in Franklin Electric Co., Inc. $FELE Bought by SG Capital Management LLC

SG Capital Management LLC purchased a new stake in shares of Franklin Electric Co., Inc. (NASDAQ:FELE) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 129,050 shares of the industrial products company’s stock, valued at approximately $12,286,000. Franklin Electric accounts for about 1.1% of SG Capital Management LLC’s portfolio, making the stock its 28th biggest position.

Several other large investors have also made changes to their positions in the business. EverSource Wealth Advisors LLC lifted its holdings in Franklin Electric by 31.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 425 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 101 shares in the last quarter. MAI Capital Management grew its holdings in Franklin Electric by 36.5% during the 2nd quarter. MAI Capital Management now owns 490 shares of the industrial products company’s stock valued at $44,000 after buying an additional 131 shares in the last quarter. Osaic Holdings Inc. raised its position in shares of Franklin Electric by 24.3% during the second quarter. Osaic Holdings Inc. now owns 608 shares of the industrial products company’s stock valued at $55,000 after buying an additional 119 shares during the last quarter. Covestor Ltd lifted its holdings in shares of Franklin Electric by 24.6% in the third quarter. Covestor Ltd now owns 937 shares of the industrial products company’s stock worth $89,000 after buying an additional 185 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Franklin Electric by 10.2% in the third quarter. GAMMA Investing LLC now owns 1,235 shares of the industrial products company’s stock worth $118,000 after buying an additional 114 shares in the last quarter. 79.98% of the stock is currently owned by hedge funds and other institutional investors.

Franklin Electric Stock Down 2.3%

Shares of FELE opened at $90.88 on Thursday. The company has a quick ratio of 1.12, a current ratio of 2.79 and a debt-to-equity ratio of 0.10. The business has a fifty day moving average of $100.24 and a 200 day moving average of $97.05. The company has a market cap of $4.05 billion, a PE ratio of 28.22, a P/E/G ratio of 1.70 and a beta of 1.08. Franklin Electric Co., Inc. has a 52-week low of $78.87 and a 52-week high of $111.53.

Franklin Electric (NASDAQ:FELE) last posted its quarterly earnings data on Tuesday, February 17th. The industrial products company reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.02). The firm had revenue of $506.86 million for the quarter, compared to the consensus estimate of $516.25 million. Franklin Electric had a net margin of 6.90% and a return on equity of 14.52%. The company’s revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.72 EPS. Franklin Electric has set its FY 2026 guidance at 4.400-4.600 EPS. On average, sell-side analysts expect that Franklin Electric Co., Inc. will post 4.19 EPS for the current year.

Franklin Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 19th. Investors of record on Thursday, February 5th will be given a $0.28 dividend. This is an increase from Franklin Electric’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Thursday, February 5th. This represents a $1.12 dividend on an annualized basis and a yield of 1.2%. Franklin Electric’s dividend payout ratio is currently 36.48%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on FELE. DA Davidson reiterated a “neutral” rating and issued a $90.00 price target on shares of Franklin Electric in a report on Wednesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Franklin Electric in a report on Monday, December 29th. Robert W. Baird set a $112.00 target price on Franklin Electric in a research report on Wednesday, October 29th. Finally, Wall Street Zen upgraded Franklin Electric from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $101.00.

Franklin Electric Profile

Franklin Electric Co, Inc is a world‐leading manufacturer and distributor of systems and components for moving and managing water and fuel. Headquartered in Fort Wayne, Indiana, the company specializes in designing engineered pumping systems and related controls for residential, commercial and industrial applications.

Founded in 1944, Franklin Electric has built its reputation on submersible and surface pumping solutions for water wells, municipal water and wastewater treatment, irrigation and industrial fluid handling.