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 4.400-4.600 for the period, compared to the consensus estimate of 4.540. The company issued revenue guidance of $2.2 billion-$2.2 billion, compared to the consensus revenue estimate of $2.2 billion.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on FELE shares. Wall Street Zen cut shares of Franklin Electric from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. DA Davidson reaffirmed a “neutral” rating and set a $100.00 price objective on shares of Franklin Electric in a report on Wednesday. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $106.00.

Franklin Electric Price Performance

NASDAQ:FELE traded down $2.70 during trading hours on Thursday, hitting $99.17. 82,423 shares of the stock were exchanged, compared to its average volume of 349,635. The firm’s fifty day moving average price is $96.68 and its 200 day moving average price is $97.39. Franklin Electric has a 52-week low of $83.42 and a 52-week high of $111.53. The company has a market cap of $4.38 billion, a P/E ratio of 30.84, a P/E/G ratio of 1.90 and a beta of 1.07. The company has a current ratio of 2.79, a quick ratio of 1.18 and a debt-to-equity ratio of 0.10.

Franklin Electric (NASDAQ:FELE) last released its earnings results on Tuesday, April 28th. The industrial products company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.06. Franklin Electric had a return on equity of 14.52% and a net margin of 6.90%.The business had revenue of $500.44 million for the quarter, compared to the consensus estimate of $479.21 million. During the same quarter last year, the business posted $0.67 earnings per share. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. Franklin Electric has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, equities research analysts anticipate that Franklin Electric will post 4.54 EPS for the current fiscal year.

Franklin Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 21st. Shareholders of record on Thursday, May 7th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, May 7th. Franklin Electric’s payout ratio is 34.78%.

Insider Activity at Franklin Electric

In other Franklin Electric news, CEO Joseph A. Ruzynski bought 500 shares of Franklin Electric stock in a transaction dated Thursday, February 19th. The stock was acquired at an average cost of $93.34 per share, for a total transaction of $46,670.00. Following the completion of the transaction, the chief executive officer directly owned 22,722 shares of the company’s stock, valued at approximately $2,120,871.48. This represents a 2.25% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.89% of the stock is owned by company insiders.

Institutional Trading of Franklin Electric

A number of hedge funds have recently bought and sold shares of FELE. Quarry LP acquired a new position in shares of Franklin Electric during the 3rd quarter worth approximately $28,000. Aster Capital Management DIFC Ltd purchased a new position in Franklin Electric during the fourth quarter worth approximately $35,000. EverSource Wealth Advisors LLC boosted its stake 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 buying an additional 101 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in Franklin Electric during the fourth quarter worth $48,000. Finally, Osaic Holdings Inc. grew its holdings in Franklin Electric by 24.3% in 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 in the last quarter. Institutional investors and hedge funds own 79.98% of the company’s stock.

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.