7,645 Shares in Franklin Electric Co., Inc. $FELE Purchased by Ieq Capital LLC

Ieq Capital LLC bought a new stake in shares of Franklin Electric Co., Inc. (NASDAQ:FELE) in the second quarter, Holdings Channel reports. The fund bought 7,645 shares of the industrial products company’s stock, valued at approximately $819,000.

Several other large investors have also recently made changes to their positions in the business. Quarry LP purchased a new stake in shares of Franklin Electric in the 3rd quarter worth approximately $28,000. Aster Capital Management DIFC Ltd bought a new stake in Franklin Electric in the fourth quarter worth $35,000. Trust Co. of Vermont bought a new stake in Franklin Electric in the second quarter worth $44,000. EverSource Wealth Advisors LLC grew its stake in shares of 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 acquiring an additional 101 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of Franklin Electric by 213.1% in the fourth quarter. Farther Finance Advisors LLC now owns 454 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 309 shares during the last quarter. 79.98% of the stock is currently owned by hedge funds and other institutional investors.

Franklin Electric Stock Performance

Shares of FELE opened at $102.14 on Friday. The company has a market cap of $4.52 billion, a price-to-earnings ratio of 29.44, a P/E/G ratio of 1.84 and a beta of 1.04. The business’s fifty day simple moving average is $105.25 and its two-hundred day simple moving average is $100.85. Franklin Electric Co., Inc. has a 12 month low of $89.54 and a 12 month high of $115.82. 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 quarterly earnings results on Tuesday, July 28th. The industrial products company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.11. The firm had revenue of $622.88 million during the quarter, compared to analysts’ expectations of $605.92 million. Franklin Electric had a return on equity of 15.18% and a net margin of 7.06%.The company’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.31 earnings per share. Franklin Electric has set its FY 2026 guidance at 4.500-4.700 EPS. Research analysts anticipate 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 announced a quarterly dividend, which was paid on Thursday, August 20th. Shareholders 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 yield of 1.1%. Franklin Electric’s payout ratio is 32.28%.

Insider Transactions at Franklin Electric

In other Franklin Electric news, insider Jonathan M. Grandon sold 8,547 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $103.40, for a total transaction of $883,759.80. Following the transaction, the insider owned 7,509 shares in the company, valued at approximately $776,430.60. This represents a 53.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.89% of the company’s stock.

Analysts Set New Price Targets

FELE has been the subject of several recent analyst reports. Weiss Ratings raised Franklin Electric from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 30th. Robert W. Baird increased their price objective 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. Wall Street Zen upgraded shares of Franklin Electric from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, DA Davidson lifted their target price on shares of Franklin Electric from $100.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $114.50.

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.