Franklin Electric (NASDAQ:FELE) Updates FY 2026 Earnings Guidance

Franklin Electric (NASDAQ:FELE) updated its FY 2026 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 4.500-4.700 for the period, compared to the consensus EPS estimate of 4.580. The company issued revenue guidance of $2.2 billion-$2.3 billion, compared to the consensus revenue estimate of $2.2 billion.

Franklin Electric Stock Performance

NASDAQ FELE opened at $105.43 on Tuesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.67 and a quick ratio of 1.14. The firm has a market capitalization of $4.66 billion, a P/E ratio of 31.76, a P/E/G ratio of 1.92 and a beta of 1.03. The business’s 50-day simple moving average is $102.64 and its 200-day simple moving average is $100.05. Franklin Electric has a 1-year low of $89.54 and a 1-year high of $111.53.

Franklin Electric (NASDAQ:FELE) last announced its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.06. Franklin Electric had a net margin of 6.91% and a return on equity of 14.86%. The firm had revenue of $500.44 million during the quarter, compared to analysts’ expectations of $479.21 million. During the same period in the prior year, the company earned $0.67 EPS. The firm’s revenue was up 9.9% on a year-over-year basis. Equities analysts predict that Franklin Electric will post 4.58 EPS for the current year.

Franklin Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th will be given a $0.28 dividend. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $1.12 annualized dividend and a yield of 1.1%. Franklin Electric’s dividend payout ratio (DPR) is 33.73%.

Wall Street Analysts Forecast Growth

FELE has been the subject of several analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Franklin Electric in a research note on Tuesday, June 9th. Wall Street Zen raised shares of Franklin Electric from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, DA Davidson restated a “neutral” rating and set a $100.00 target price 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 MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $106.00.

Insiders Place Their Bets

In other Franklin Electric news, insider Jonathan M. Grandon sold 8,547 shares of the firm’s stock in a transaction 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. This trade represents a 53.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Delancey W. Davis sold 1,900 shares of the company’s stock in a transaction dated 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 owned 10,402 shares in the company, valued at approximately $1,040,200. This trade represents a 15.44% decrease in their position. 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 over the last quarter. 2.89% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Franklin Electric

Several large investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its holdings 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 worth $38,000 after purchasing an additional 101 shares during the period. LPL Financial LLC boosted its holdings in shares of 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 position in shares of Franklin Electric by 24.3% during the 2nd quarter. Osaic Holdings Inc. now owns 608 shares of the industrial products company’s stock valued at $55,000 after buying an additional 119 shares during the last quarter. Inspire Investing LLC raised its stake in 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. Finally, Captrust Financial Advisors lifted its holdings in Franklin Electric by 0.4% in the third quarter. Captrust Financial Advisors now owns 32,496 shares of the industrial products company’s stock worth $3,094,000 after acquiring an additional 128 shares during the last quarter. 79.98% of the stock is currently owned by institutional investors.

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.