Texas Yale Capital Corp. Has $606,000 Holdings in Franklin Electric Co., Inc. $FELE

Texas Yale Capital Corp. lessened its stake in shares of Franklin Electric Co., Inc. (NASDAQ:FELE) by 26.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,753 shares of the industrial products company’s stock after selling 2,440 shares during the quarter. Texas Yale Capital Corp.’s holdings in Franklin Electric were worth $606,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in FELE. Caitong International Asset Management Co. Ltd acquired a new stake in Franklin Electric in the 1st quarter worth approximately $46,000. Covestor Ltd raised its position in shares of Franklin Electric by 27.4% in the first quarter. Covestor Ltd now owns 731 shares of the industrial products company’s stock valued at $69,000 after purchasing an additional 157 shares during the period. Smartleaf Asset Management LLC raised its position in shares of Franklin Electric by 42.2% in the first quarter. Smartleaf Asset Management LLC now owns 913 shares of the industrial products company’s stock valued at $86,000 after purchasing an additional 271 shares during the period. CWM LLC lifted its stake in shares of Franklin Electric by 60.7% in the first quarter. CWM LLC now owns 1,175 shares of the industrial products company’s stock worth $110,000 after buying an additional 444 shares during the last quarter. Finally, Blair William & Co. IL bought a new stake in shares of Franklin Electric during the 2nd quarter worth $218,000. Institutional investors and hedge funds own 79.98% of the company’s stock.

Analysts Set New Price Targets

FELE has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Franklin Electric in a research note on Thursday. Robert W. Baird set a $112.00 price target on shares of Franklin Electric in a report on Wednesday, October 29th. Finally, Wall Street Zen downgraded Franklin Electric from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $112.00.

Franklin Electric Price Performance

NASDAQ:FELE opened at $94.87 on Friday. The stock has a market cap of $4.22 billion, a P/E ratio of 30.90, a PEG ratio of 1.91 and a beta of 1.09. Franklin Electric Co., Inc. has a one year low of $78.87 and a one year high of $111.94. The company has a fifty day moving average price of $95.61 and a 200 day moving average price of $92.25. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.54 and a quick ratio of 0.77.

Franklin Electric (NASDAQ:FELE) last issued its quarterly earnings results on Tuesday, October 28th. The industrial products company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.01. The firm had revenue of $581.71 million during the quarter, compared to the consensus estimate of $563.18 million. Franklin Electric had a net margin of 6.71% and a return on equity of 14.24%. The business’s revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.17 EPS. Franklin Electric has set its FY 2025 guidance at 4.000-4.200 EPS. Analysts anticipate that Franklin Electric Co., Inc. will post 4.19 earnings per share for the current year.

Franklin Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Thursday, November 6th will be given a dividend of $0.265 per share. The ex-dividend date of this dividend is Thursday, November 6th. This represents a $1.06 dividend on an annualized basis and a yield of 1.1%. Franklin Electric’s dividend payout ratio (DPR) is 34.53%.

Insiders Place Their Bets

In other Franklin Electric news, insider Jonathan M. Grandon sold 10,036 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $98.03, for a total value of $983,829.08. Following the completion of the sale, the insider owned 8,171 shares in the company, valued at approximately $801,003.13. This trade represents a 55.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.72% of the stock is currently owned by company insiders.

Franklin Electric Profile

Franklin Electric Co, Inc, together with its subsidiaries, designs, manufactures, and distributes water and fuel pumping systems worldwide. The company operates through Water Systems, Fueling Systems, and Distribution segments. The Water Systems segment offers submersible motors, drives, pumps, electronic controls, water treatment systems, monitoring devices, and related parts and equipment.