Franklin Electric Co., Inc. $FELE Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP raised its stake in Franklin Electric Co., Inc. (NASDAQ:FELE) by 149.1% during the 1st quarter, HoldingsChannel reports. The firm owned 20,549 shares of the industrial products company’s stock after acquiring an additional 12,300 shares during the quarter. Quantinno Capital Management LP’s holdings in Franklin Electric were worth $1,894,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Quarry LP purchased a new stake in shares of Franklin Electric in the third quarter worth about $28,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of Franklin Electric during the 4th quarter valued at about $35,000. EverSource Wealth Advisors LLC lifted its position in Franklin Electric by 31.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 425 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 101 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Franklin Electric by 213.1% during the 4th quarter. Farther Finance Advisors LLC now owns 454 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 309 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in Franklin Electric in the 4th quarter worth approximately $48,000. Institutional investors and hedge funds own 79.98% of the company’s stock.

Franklin Electric Trading Up 0.4%

Shares of FELE opened at $107.81 on Wednesday. Franklin Electric Co., Inc. has a one year low of $89.54 and a one year high of $115.82. The stock has a 50-day moving average price of $104.68 and a 200 day moving average price of $100.67. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.10 and a current ratio of 2.41. The company has a market capitalization of $4.77 billion, a P/E ratio of 31.07, a P/E/G ratio of 1.93 and a beta of 1.04.

Franklin Electric (NASDAQ:FELE) last posted its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.11. Franklin Electric had a return on equity of 15.18% and a net margin of 7.06%.The company had revenue of $622.88 million for the quarter, compared to the consensus estimate of $605.92 million. During the same period in the previous year, the business earned $1.31 EPS. Franklin Electric’s revenue for the quarter was up 6.0% compared to the same quarter last year. Franklin Electric has set its FY 2026 guidance at 4.500-4.700 EPS. Sell-side analysts forecast that Franklin Electric Co., Inc. will post 4.65 EPS for the current fiscal year.

Franklin Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Thursday, August 6th. Franklin Electric’s dividend payout ratio is 32.28%.

Insider Buying and Selling at Franklin Electric

In other news, insider Delancey W. Davis sold 1,900 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $100.00, for a total value of $190,000.00. Following the completion of the sale, the insider owned 10,402 shares of the company’s stock, valued at approximately $1,040,200. The trade was a 15.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jonathan M. Grandon sold 8,547 shares of the business’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $103.40, for a total transaction of $883,759.80. Following the completion of the sale, 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 SEC filing for this sale provides additional information. Over the last three months, insiders have sold 14,647 shares of company stock valued at $1,486,326. 2.89% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on FELE. Weiss Ratings raised shares of Franklin Electric from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 30th. Robert W. Baird boosted their target price on shares of Franklin Electric from $118.00 to $124.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. DA Davidson upped their target price on shares of Franklin Electric from $100.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Finally, Wall Street Zen raised shares of Franklin Electric from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. 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 $114.50.

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.