Franklin Electric Co., Inc. $FELE Shares Purchased by Sei Investments Co.

Sei Investments Co. increased its holdings in shares of Franklin Electric Co., Inc. (NASDAQ:FELE) by 40.8% in the 1st quarter, HoldingsChannel reports. The firm owned 112,786 shares of the industrial products company’s stock after acquiring an additional 32,657 shares during the quarter. Sei Investments Co.’s holdings in Franklin Electric were worth $10,395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FELE. Oregon Public Employees Retirement Fund grew its position in Franklin Electric by 1.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 8,716 shares of the industrial products company’s stock worth $833,000 after purchasing an additional 100 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of 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 buying an additional 101 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Franklin Electric by 1.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,885 shares of the industrial products company’s stock valued at $787,000 after buying an additional 111 shares during the period. LPL Financial LLC boosted its stake in shares of Franklin Electric by 1.0% in the fourth quarter. LPL Financial LLC now owns 12,158 shares of the industrial products company’s stock worth $1,161,000 after buying an additional 115 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its stake in shares of Franklin Electric by 24.3% in the second quarter. Osaic Holdings Inc. now owns 608 shares of the industrial products company’s stock worth $55,000 after buying an additional 119 shares during the last quarter. 79.98% of the stock is currently owned by institutional investors and hedge funds.

Franklin Electric Trading Up 1.2%

Shares of Franklin Electric stock opened at $104.72 on Friday. The firm has a 50-day simple moving average of $103.36 and a two-hundred day simple moving average of $100.22. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.14 and a current ratio of 2.41. Franklin Electric Co., Inc. has a fifty-two week low of $89.54 and a fifty-two week high of $115.82. The company has a market cap of $4.63 billion, a P/E ratio of 30.18, a price-to-earnings-growth ratio of 1.88 and a beta of 1.03.

Franklin Electric (NASDAQ:FELE) last announced its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.11. The firm had revenue of $622.88 million during the quarter, compared to analyst estimates of $605.92 million. Franklin Electric had a return on equity of 15.18% and a net margin of 7.06%.Franklin Electric’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.31 EPS. Franklin Electric has set its FY 2026 guidance at 4.500-4.700 EPS. As a group, equities analysts predict 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 disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, August 6th. Franklin Electric’s dividend payout ratio (DPR) is presently 32.28%.

Wall Street Analyst Weigh In

FELE has been the topic of several analyst reports. Weiss Ratings raised Franklin Electric from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday. Wall Street Zen raised Franklin Electric from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. DA Davidson upped their price objective on Franklin Electric from $100.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Robert W. Baird raised their price objective on shares of Franklin Electric from $118.00 to $124.00 and gave the stock a “neutral” rating in a research note on Wednesday. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Franklin Electric presently has an average rating of “Hold” and a consensus price target of $114.50.

Insider Buying and Selling

In other news, insider Delancey W. Davis sold 1,900 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $100.00, for a total transaction of $190,000.00. Following the transaction, the insider owned 10,402 shares in the company, valued at $1,040,200. This trade represents a 15.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jonathan M. Grandon sold 8,547 shares of Franklin Electric stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $103.40, for a total transaction of $883,759.80. Following the completion of the sale, the insider directly owned 7,509 shares in the company, valued at $776,430.60. This represents a 53.23% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 14,647 shares of company stock valued at $1,486,326 over the last 90 days. Company insiders own 2.89% of the company’s stock.

Franklin Electric 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.