Phillips Financial Management LLC Takes $695,000 Position in Franklin Electric Co., Inc. $FELE

Phillips Financial Management LLC acquired a new position in shares of Franklin Electric Co., Inc. (NASDAQ:FELE) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,483 shares of the industrial products company’s stock, valued at approximately $695,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Oregon Public Employees Retirement Fund raised its position in Franklin Electric by 1.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 8,716 shares of the industrial products company’s stock valued at $833,000 after buying an additional 100 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake 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 valued at $38,000 after acquiring an additional 101 shares in the last quarter. LPL Financial LLC boosted its holdings in Franklin Electric by 1.0% during the 4th quarter. LPL Financial LLC now owns 12,158 shares of the industrial products company’s stock worth $1,161,000 after acquiring an additional 115 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in Franklin Electric by 24.3% during the 2nd quarter. Osaic Holdings Inc. now owns 608 shares of the industrial products company’s stock worth $55,000 after acquiring an additional 119 shares during the last quarter. Finally, Inspire Investing LLC grew its stake in shares of Franklin Electric by 2.5% in the 4th quarter. Inspire Investing LLC now owns 4,968 shares of the industrial products company’s stock worth $475,000 after acquiring an additional 120 shares in the last quarter. 79.98% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Delancey W. Davis sold 1,900 shares of Franklin Electric stock in a transaction 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 completion of the sale, the insider directly 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 legal filing with the SEC, which is accessible through this link. Also, insider Jonathan M. Grandon sold 8,547 shares of Franklin Electric stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $103.40, for a total value of $883,759.80. Following the sale, the insider directly owned 7,509 shares of the company’s stock, valued at approximately $776,430.60. This trade represents a 53.23% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 14,647 shares of company stock valued at $1,486,326. Corporate insiders own 2.89% of the company’s stock.

Analysts Set New Price Targets

FELE has been the subject of several analyst reports. Weiss Ratings upgraded shares of Franklin Electric from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 30th. DA Davidson boosted their target price on Franklin Electric from $100.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Wall Street Zen upgraded Franklin Electric from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Robert W. Baird upped their target price on Franklin Electric from $118.00 to $124.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Franklin Electric currently has an average rating of “Hold” and a consensus price target of $114.50.

Franklin Electric Stock Down 0.2%

FELE opened at $105.77 on Friday. The company has a 50 day moving average of $105.15 and a 200 day moving average of $100.78. The company has a market cap of $4.68 billion, a PE ratio of 30.48, a price-to-earnings-growth ratio of 1.90 and a beta of 1.04. Franklin Electric Co., Inc. has a 12 month low of $89.54 and a 12 month high of $115.82. The company has a current ratio of 2.41, a quick ratio of 1.10 and a debt-to-equity ratio of 0.10.

Franklin Electric (NASDAQ:FELE) last released its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $605.92 million. During the same period in the previous year, the company posted $1.31 EPS. The firm’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. On average, sell-side analysts expect that Franklin Electric Co., Inc. will post 4.65 EPS for the current year.

Franklin Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th will be given a dividend of $0.28 per share. The ex-dividend date is Thursday, August 6th. This represents a $1.12 annualized dividend and a yield of 1.1%. Franklin Electric’s payout ratio is presently 32.28%.

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.