Franklin Electric Co., Inc. $FELE Stock Acquired by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH grew its stake in Franklin Electric Co., Inc. (NASDAQ:FELE) by 18.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 332,387 shares of the industrial products company’s stock after acquiring an additional 51,541 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Franklin Electric were worth $31,873,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. BlackRock Inc. purchased a new stake in shares of Franklin Electric during the 2nd quarter worth $698,173,000. Dimensional Fund Advisors LP boosted its position in Franklin Electric by 3.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,009,687 shares of the industrial products company’s stock valued at $93,059,000 after purchasing an additional 36,268 shares in the last quarter. Bank of America Corp DE bought a new stake in Franklin Electric during the second quarter valued at about $82,970,000. Amundi boosted its position in Franklin Electric by 25.2% during the first quarter. Amundi now owns 881,425 shares of the industrial products company’s stock valued at $81,225,000 after purchasing an additional 177,433 shares in the last quarter. Finally, Segall Bryant & Hamill LLC grew its stake in Franklin Electric by 81.4% in the first quarter. Segall Bryant & Hamill LLC now owns 481,906 shares of the industrial products company’s stock valued at $44,417,000 after purchasing an additional 216,250 shares during the last quarter. 79.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on FELE shares. Wall Street Zen upgraded Franklin Electric from a “hold” rating to a “buy” rating in a research note on Saturday, September 19th. DA Davidson reissued a “neutral” rating and set a $105.00 price target on shares of Franklin Electric in a research report on Wednesday, September 9th. Robert W. Baird increased their price target on shares of Franklin Electric from $118.00 to $124.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Finally, Weiss Ratings upgraded shares of Franklin Electric from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Franklin Electric has a consensus rating of “Hold” and an average target price of $114.50.

Franklin Electric Price Performance

Shares of FELE opened at $100.69 on Friday. The company has a market cap of $4.45 billion, a price-to-earnings ratio of 29.02, a price-to-earnings-growth ratio of 1.79 and a beta of 1.03. Franklin Electric Co., Inc. has a twelve month low of $89.54 and a twelve month high of $115.82. The company has a quick ratio of 1.10, a current ratio of 2.41 and a debt-to-equity ratio of 0.10. The company has a 50 day moving average of $99.87 and a two-hundred day moving average of $101.02.

Franklin Electric (NASDAQ:FELE) last released its quarterly earnings results 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. 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 business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.31 earnings per share. Franklin Electric has set its FY 2026 guidance at 4.500-4.700 EPS. As a group, 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 disclosed a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th were given a $0.28 dividend. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.1%. Franklin Electric’s dividend payout ratio (DPR) is presently 32.28%.

Franklin Electric Company Profile

Franklin Electric Co, Inc (NASDAQ: FELE) is a global manufacturer and distributor of systems and components used to move, manage and control water and other fluids. Founded in 1944 and headquartered in Bluffton, Indiana, the company originally focused on submersible electric motors and has expanded into a broader range of fluid-handling technologies.

Franklin Electric’s Water Systems business supplies submersible pumps, motors, drives, controls, monitoring equipment and related products for residential, commercial, agricultural, municipal and industrial applications.