Franklin Electric (NASDAQ:FELE) Stock Crosses Above 200 Day Moving Average – Here’s Why

Franklin Electric Co., Inc. (NASDAQ:FELE)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $97.53 and traded as high as $98.83. Franklin Electric shares last traded at $98.30, with a volume of 185,032 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on FELE shares. DA Davidson reissued a “neutral” rating and set a $100.00 price objective on shares of Franklin Electric in a report on Wednesday, April 29th. Wall Street Zen raised shares of Franklin Electric from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $106.00.

Franklin Electric Price Performance

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 stock’s fifty day moving average is $96.90 and its 200-day moving average is $97.53. The stock has a market capitalization of $4.34 billion, a PE ratio of 29.61, a P/E/G ratio of 1.77 and a beta of 1.07.

Franklin Electric (NASDAQ:FELE) last released 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. The company had revenue of $500.44 million during the quarter, compared to analysts’ expectations of $479.21 million. Franklin Electric had a return on equity of 14.86% and a net margin of 6.91%.Franklin Electric’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.67 EPS. Franklin Electric has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, equities analysts predict that Franklin Electric Co., Inc. will post 4.58 earnings per share for the current fiscal year.

Franklin Electric Dividend Announcement

The company also recently disclosed 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 is Thursday, May 7th. Franklin Electric’s payout ratio is 33.73%.

Insider Buying and Selling at Franklin Electric

In other news, CEO Joseph A. Ruzynski acquired 500 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The shares were purchased at an average price of $93.34 per share, for a total transaction of $46,670.00. Following the acquisition, the chief executive officer owned 22,722 shares of the company’s stock, valued at $2,120,871.48. This represents a 2.25% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jonathan M. Grandon sold 4,988 shares of the business’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $100.02, for a total transaction of $498,899.76. Following the completion of the transaction, the insider owned 7,509 shares of the company’s stock, valued at approximately $751,050.18. This trade represents a 39.91% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.89% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in FELE. Quarry LP acquired a new position in shares of Franklin Electric during the third quarter worth $28,000. Aster Capital Management DIFC Ltd acquired a new position in Franklin Electric during the fourth quarter worth approximately $35,000. EverSource Wealth Advisors LLC raised its position in Franklin Electric by 31.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 425 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 101 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of 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 buying an additional 309 shares during the period. Finally, Kestra Advisory Services LLC acquired a new stake in Franklin Electric during the 4th quarter worth approximately $48,000. Hedge funds and other institutional investors own 79.98% 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.