Franklin Electric Co., Inc. $FELE Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC increased its position in Franklin Electric Co., Inc. (NASDAQ:FELE) by 29.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,069 shares of the industrial products company’s stock after acquiring an additional 6,122 shares during the period. Hsbc Holdings PLC’s holdings in Franklin Electric were worth $2,475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Quarry LP purchased a new position in shares of Franklin Electric in the third quarter worth about $28,000. Aster Capital Management DIFC Ltd purchased a new stake in Franklin Electric in the fourth quarter valued at approximately $35,000. EverSource Wealth Advisors LLC boosted its position in Franklin Electric by 31.2% in the second quarter. EverSource Wealth Advisors LLC now owns 425 shares of the industrial products company’s stock valued at $38,000 after buying an additional 101 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in Franklin Electric by 213.1% in the 4th quarter. Farther Finance Advisors LLC now owns 454 shares of the industrial products company’s stock worth $43,000 after buying an additional 309 shares during the period. Finally, Kestra Advisory Services LLC acquired a new position in Franklin Electric in the 4th quarter worth approximately $48,000. Hedge funds and other institutional investors own 79.98% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on FELE shares. Weiss Ratings restated a “hold (c)” rating on shares of Franklin Electric in a research note on Tuesday, June 9th. Wall Street Zen upgraded shares of Franklin Electric from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, DA Davidson reiterated a “neutral” rating and issued a $100.00 price objective on shares of Franklin Electric in a research note on Tuesday, June 16th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $106.00.

Insider Buying and Selling

In other news, insider Jonathan M. Grandon sold 8,547 shares of Franklin Electric stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $103.40, for a total transaction of $883,759.80. Following the completion of the transaction, the insider directly owned 7,509 shares of the company’s stock, valued at $776,430.60. The trade was a 53.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Delancey W. Davis sold 1,900 shares of Franklin Electric stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $100.00, for a total transaction of $190,000.00. Following the transaction, the insider directly owned 10,402 shares of the company’s stock, valued at approximately $1,040,200. This trade represents a 15.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 19,835 shares of company stock worth $2,004,982 in the last ninety days. Corporate insiders own 2.89% of the company’s stock.

Franklin Electric Stock Up 0.0%

Shares of FELE opened at $105.59 on Friday. Franklin Electric Co., Inc. has a 52 week low of $89.54 and a 52 week high of $111.53. The company has a quick ratio of 1.14, a current ratio of 2.67 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $4.66 billion, a price-to-earnings ratio of 31.80, a PEG ratio of 1.92 and a beta of 1.03. The stock’s 50-day moving average price is $102.48 and its 200-day moving average price is $100.00.

Franklin Electric (NASDAQ:FELE) last posted its earnings results on Tuesday, April 28th. The industrial products company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.77 by $0.06. The firm had revenue of $500.44 million for the quarter, compared to analyst estimates of $479.21 million. Franklin Electric had a return on equity of 14.86% and a net margin of 6.91%.Franklin Electric’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period last year, the company earned $0.67 earnings per share. Franklin Electric has set its FY 2026 guidance at 4.400-4.600 EPS. On average, sell-side analysts predict that Franklin Electric Co., Inc. will post 4.58 EPS for the current year.

Franklin Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Thursday, May 7th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.1%. Franklin Electric’s dividend payout ratio (DPR) is presently 33.73%.

Franklin Electric Company 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.