Vise Technologies Inc. Makes New $828,000 Investment in Franklin Electric Co., Inc. $FELE

Vise Technologies Inc. bought a new stake in Franklin Electric Co., Inc. (NASDAQ:FELE) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,729 shares of the industrial products company’s stock, valued at approximately $828,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Quarry LP acquired a new position in shares of Franklin Electric during the 3rd quarter valued at about $28,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of Franklin Electric in the fourth quarter valued at about $35,000. EverSource Wealth Advisors LLC increased its position in Franklin Electric by 31.2% during the second quarter. EverSource Wealth Advisors LLC now owns 425 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 101 shares during the last quarter. Farther Finance Advisors LLC increased its position in Franklin Electric by 213.1% during the fourth quarter. Farther Finance Advisors LLC now owns 454 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 309 shares during the last quarter. Finally, Trust Co. of Vermont purchased a new position in Franklin Electric during the second quarter worth about $44,000. 79.98% of the stock is owned by institutional investors and hedge funds.

Franklin Electric Price Performance

Shares of FELE opened at $104.10 on Monday. The firm has a market cap of $4.60 billion, a P/E ratio of 30.00, a price-to-earnings-growth ratio of 1.87 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’s 50-day moving average price is $105.34 and its 200 day moving average price is $100.92. 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 posted its earnings results on Tuesday, July 28th. The industrial products company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.11. The company had revenue of $622.88 million for the quarter, compared to analysts’ expectations of $605.92 million. Franklin Electric had a net margin of 7.06% and a return on equity of 15.18%. Franklin Electric’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.31 earnings per share. Franklin Electric has set its FY 2026 guidance at 4.500-4.700 EPS. On average, sell-side analysts forecast that Franklin Electric Co., Inc. will post 4.65 earnings per share for the current year.

Franklin Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Thursday, August 6th. Franklin Electric’s dividend payout ratio is currently 32.28%.

Analysts Set New Price Targets

Several research firms have weighed in on FELE. Weiss Ratings upgraded shares of Franklin Electric from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 30th. Wall Street Zen upgraded shares of Franklin Electric from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. DA Davidson lifted their price target on shares of Franklin Electric from $100.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Finally, Robert W. Baird upped their price objective 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, According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $114.50.

Insider Buying and Selling

In related news, insider Delancey W. Davis sold 1,900 shares of the 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 completion of the transaction, the insider owned 10,402 shares of the company’s stock, valued at approximately $1,040,200. This trade represents a 15.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 sale, the insider owned 7,509 shares of the company’s stock, valued at $776,430.60. This trade represents a 53.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 2.89% of the company’s stock.

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.