Seizert Capital Partners LLC Buys Shares of 39,358 Franklin Electric Co., Inc. $FELE

Seizert Capital Partners LLC purchased a new stake in Franklin Electric Co., Inc. (NASDAQ:FELE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 39,358 shares of the industrial products company’s stock, valued at approximately $3,760,000.

Several other hedge funds and other institutional investors have also made changes to their positions in FELE. Horizon Investments LLC grew its holdings in Franklin Electric by 45.8% in the 4th quarter. Horizon Investments LLC now owns 17,851 shares of the industrial products company’s stock worth $1,705,000 after buying an additional 5,611 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in shares of Franklin Electric by 7.1% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 23,788 shares of the industrial products company’s stock valued at $2,272,000 after purchasing an additional 1,576 shares during the last quarter. Pictet Asset Management Holding SA increased its stake in Franklin Electric by 10.5% in the 4th quarter. Pictet Asset Management Holding SA now owns 5,558 shares of the industrial products company’s stock worth $531,000 after purchasing an additional 526 shares in the last quarter. Teacher Retirement System of Texas increased its position in shares of Franklin Electric by 19.4% in the fourth quarter. Teacher Retirement System of Texas now owns 69,988 shares of the industrial products company’s stock worth $6,686,000 after acquiring an additional 11,351 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of Franklin Electric by 23.8% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 13,835 shares of the industrial products company’s stock valued at $1,336,000 after acquiring an additional 2,662 shares during the period. 79.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Franklin Electric

In other Franklin Electric news, CEO Joseph A. Ruzynski acquired 500 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were acquired at an average cost of $93.34 per share, for a total transaction of $46,670.00. Following the completion of the purchase, the chief executive officer owned 22,722 shares of the company’s stock, valued at approximately $2,120,871.48. This trade represents a 2.25% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 2.89% of the company’s stock.

Analyst Ratings Changes

FELE has been the topic of several research analyst reports. Wall Street Zen upgraded shares of Franklin Electric from a “hold” rating to a “buy” rating in a research report on Saturday. DA Davidson reissued a “neutral” rating and set a $100.00 price target on shares of Franklin Electric in a research report on Wednesday, April 29th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Franklin Electric has an average rating of “Hold” and a consensus price target of $106.00.

Franklin Electric Price Performance

Shares of FELE opened at $99.44 on Monday. The firm has a market cap of $4.39 billion, a PE ratio of 29.95, a PEG ratio of 1.81 and a beta of 1.07. The firm’s 50 day moving average price is $96.79 and its 200 day moving average price is $97.46. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.14 and a current ratio of 2.67. Franklin Electric Co., Inc. has a twelve month low of $83.42 and a twelve month high of $111.53.

Franklin Electric (NASDAQ:FELE) last posted its earnings results on Tuesday, April 28th. The industrial products company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.77 by $0.06. The firm had revenue of $500.44 million for the quarter, compared to the consensus estimate of $479.21 million. Franklin Electric had a net margin of 6.91% and a return on equity of 14.86%. The business’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.67 earnings per share. Franklin Electric has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, research analysts expect that Franklin Electric Co., Inc. will post 4.58 EPS for the current fiscal year.

Franklin Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 21st. Stockholders of record on Thursday, May 7th will be given a $0.28 dividend. The ex-dividend date of this dividend is Thursday, May 7th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.1%. Franklin Electric’s dividend payout ratio (DPR) is currently 33.73%.

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.