Vise Technologies Inc. Purchases New Position in Franklin Electric Co., Inc. $FELE

Vise Technologies Inc. acquired a new position in Franklin Electric Co., Inc. (NASDAQ:FELE) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 7,060 shares of the industrial products company’s stock, valued at approximately $634,000.

Other institutional investors have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd purchased a new position in shares of Franklin Electric in the first quarter worth $46,000. Covestor Ltd raised its position in Franklin Electric by 27.4% in the 1st quarter. Covestor Ltd now owns 731 shares of the industrial products company’s stock worth $69,000 after buying an additional 157 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in Franklin Electric by 42.2% during the 1st quarter. Smartleaf Asset Management LLC now owns 913 shares of the industrial products company’s stock valued at $86,000 after acquiring an additional 271 shares during the period. CWM LLC boosted its holdings in shares of Franklin Electric by 60.7% during the 1st quarter. CWM LLC now owns 1,175 shares of the industrial products company’s stock valued at $110,000 after acquiring an additional 444 shares during the last quarter. Finally, Blair William & Co. IL bought a new stake in shares of Franklin Electric in the second quarter worth approximately $218,000. 79.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Franklin Electric Price Performance

NASDAQ:FELE opened at $93.11 on Friday. The firm has a market capitalization of $4.14 billion, a price-to-earnings ratio of 30.33, a PEG ratio of 1.91 and a beta of 1.09. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.54 and a quick ratio of 0.77. The business has a 50 day simple moving average of $95.31 and a 200-day simple moving average of $92.46. Franklin Electric Co., Inc. has a 1 year low of $78.87 and a 1 year high of $111.94.

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

Franklin Electric Dividend Announcement

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

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.