GSA Capital Partners LLP Invests $1.53 Million in Franklin Electric Co., Inc. $FELE

GSA Capital Partners LLP bought a new stake in shares of Franklin Electric Co., Inc. (NASDAQ:FELE) in the second quarter, Holdings Channel reports. The firm bought 14,310 shares of the industrial products company’s stock, valued at approximately $1,534,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of FELE. Oregon Public Employees Retirement Fund lifted its position in shares of Franklin Electric by 1.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 8,716 shares of the industrial products company’s stock worth $833,000 after purchasing an additional 100 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings 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 buying an additional 101 shares in the last quarter. LPL Financial LLC boosted its position in Franklin Electric by 1.0% in the 4th quarter. LPL Financial LLC now owns 12,158 shares of the industrial products company’s stock valued at $1,161,000 after buying an additional 115 shares during the period. Osaic Holdings Inc. grew its stake in shares of Franklin Electric by 24.3% in the second quarter. Osaic Holdings Inc. now owns 608 shares of the industrial products company’s stock worth $55,000 after acquiring an additional 119 shares in the last quarter. Finally, Inspire Investing LLC increased its position in shares of Franklin Electric by 2.5% during the fourth 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 during the period. 79.98% of the stock is currently owned by hedge funds and other institutional investors.

Franklin Electric Stock Performance

Shares of NASDAQ:FELE opened at $105.77 on Monday. Franklin Electric Co., Inc. has a 52 week low of $89.54 and a 52 week high of $115.82. The company’s 50 day moving average is $105.15 and its two-hundred day moving average is $100.78. The company has a current ratio of 2.41, a quick ratio of 1.10 and a debt-to-equity ratio of 0.10. The company has a market cap of $4.68 billion, a PE ratio of 30.48, a P/E/G ratio of 1.90 and a beta of 1.04.

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

Franklin Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th will be paid a $0.28 dividend. The ex-dividend date is Thursday, August 6th. This represents a $1.12 dividend on an annualized basis and a yield of 1.1%. Franklin Electric’s dividend payout ratio (DPR) is currently 32.28%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. DA Davidson increased their price objective on Franklin Electric from $100.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Robert W. Baird boosted their target price on Franklin Electric from $118.00 to $124.00 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 report on Saturday, May 2nd. Finally, Weiss Ratings raised Franklin Electric from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 30th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $114.50.

Insiders Place Their Bets

In other Franklin Electric news, 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Delancey W. Davis sold 1,900 shares of Franklin Electric stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $100.00, for a total value of $190,000.00. Following the sale, the insider directly owned 10,402 shares of the company’s stock, valued at $1,040,200. This trade represents a 15.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 14,647 shares of company stock worth $1,486,326. 2.89% of the stock is owned by insiders.

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.