Vanguard Group Inc. Has $413.94 Million Holdings in Franklin Electric Co., Inc. $FELE

Vanguard Group Inc. lessened its holdings in Franklin Electric Co., Inc. (NASDAQ:FELE) by 3.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 4,348,096 shares of the industrial products company’s stock after selling 166,836 shares during the period. Vanguard Group Inc. owned approximately 0.10% of Franklin Electric worth $413,939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Royal Bank of Canada raised its stake in Franklin Electric by 81.6% during the first quarter. Royal Bank of Canada now owns 3,997 shares of the industrial products company’s stock worth $375,000 after acquiring an additional 1,796 shares in the last quarter. AQR Capital Management LLC increased its position in Franklin Electric by 105.5% in the 1st quarter. AQR Capital Management LLC now owns 25,463 shares of the industrial products company’s stock valued at $2,390,000 after acquiring an additional 13,075 shares in the last quarter. NewEdge Advisors LLC increased its position in Franklin Electric by 30.6% in the 1st quarter. NewEdge Advisors LLC now owns 5,760 shares of the industrial products company’s stock valued at $541,000 after acquiring an additional 1,349 shares in the last quarter. United Services Automobile Association bought a new position in Franklin Electric in the 1st quarter valued at $243,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Franklin Electric by 8.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 137,162 shares of the industrial products company’s stock valued at $12,877,000 after buying an additional 10,862 shares during the period. 79.98% of the stock is currently owned by institutional investors.

Insider Activity at Franklin Electric

In other Franklin Electric news, CEO Joseph A. Ruzynski acquired 500 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The shares were acquired at an average price of $93.34 per share, with a total value of $46,670.00. Following the purchase, the chief executive officer owned 22,722 shares of the company’s stock, valued at $2,120,871.48. This represents a 2.25% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.72% of the stock is currently owned by corporate insiders.

Franklin Electric Stock Performance

Shares of FELE stock opened at $99.33 on Friday. The stock has a market cap of $4.39 billion, a PE ratio of 30.85, a price-to-earnings-growth ratio of 1.81 and a beta of 1.08. The stock has a 50-day moving average of $100.23 and a 200-day moving average of $97.18. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.79 and a quick ratio of 1.18. Franklin Electric Co., Inc. has a one year low of $78.87 and a one year high of $111.53.

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

Franklin Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Thursday, February 5th were given a $0.28 dividend. The ex-dividend date was Thursday, February 5th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.1%. This is an increase from Franklin Electric’s previous quarterly dividend of $0.27. Franklin Electric’s dividend payout ratio is currently 34.78%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on FELE shares. Wall Street Zen lowered Franklin Electric from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. DA Davidson set a $100.00 price objective on Franklin Electric in a report on Thursday, February 19th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Franklin Electric in a research report on Monday, December 29th. Three analysts have rated the stock with a Hold rating, According to MarketBeat, Franklin Electric presently has a consensus rating of “Hold” and an average target price of $106.00.

About Franklin Electric

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.