First National Bank of Omaha Makes New Investment in Franklin Electric Co., Inc. $FELE

First National Bank of Omaha purchased a new stake in Franklin Electric Co., Inc. (NASDAQ:FELE) in the 2nd quarter, according to its most recent filing with the SEC. The fund purchased 44,578 shares of the industrial products company’s stock, valued at approximately $4,778,000. First National Bank of Omaha owned about 0.10% of Franklin Electric as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in FELE. Oregon Public Employees Retirement Fund grew its position in shares of Franklin Electric by 1.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 8,716 shares of the industrial products company’s stock valued at $833,000 after purchasing an additional 100 shares during the period. EverSource Wealth Advisors LLC increased its stake in Franklin Electric by 31.2% in the second quarter. EverSource Wealth Advisors LLC now owns 425 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 101 shares during the last quarter. LPL Financial LLC lifted its position in Franklin Electric by 1.0% during 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 period. Osaic Holdings Inc. lifted its position in Franklin Electric by 24.3% during 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 period. Finally, Inspire Investing LLC boosted its stake in Franklin Electric by 2.5% in the 4th quarter. Inspire Investing LLC now owns 4,968 shares of the industrial products company’s stock worth $475,000 after buying an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 79.98% of the company’s stock.

Insider Buying and Selling

In other Franklin Electric news, insider Delancey W. Davis sold 1,900 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $100.00, for a total transaction of $190,000.00. Following the completion of the sale, the insider directly owned 10,402 shares in the company, valued at $1,040,200. The trade was a 15.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jonathan M. Grandon sold 8,547 shares of the stock in a transaction on Tuesday, June 9th. The stock was 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 of the company’s stock, valued at $776,430.60. The trade was a 53.23% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 14,647 shares of company stock valued at $1,486,326. Corporate insiders own 2.89% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the company. Weiss Ratings upgraded Franklin Electric from a “hold (c)” rating to a “hold (c+)” rating in a 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 stock a “neutral” rating in a report on Wednesday, July 29th. Wall Street Zen raised shares of Franklin Electric from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, DA Davidson boosted their target price on shares of Franklin Electric from $100.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $114.50.

Franklin Electric Price Performance

Shares of Franklin Electric stock opened at $101.95 on Wednesday. The business’s fifty day moving average price is $105.22 and its 200 day moving average price is $100.84. Franklin Electric Co., Inc. has a twelve month low of $89.54 and a twelve 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. The stock has a market capitalization of $4.51 billion, a P/E ratio of 29.38, a PEG ratio of 1.90 and a beta of 1.04.

Franklin Electric (NASDAQ:FELE) last announced its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.44 by $0.11. The company 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%.The firm’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.31 earnings per share. Franklin Electric has set its FY 2026 guidance at 4.500-4.700 EPS. As a group, research analysts anticipate that Franklin Electric Co., Inc. will post 4.65 earnings per share for the current year.

Franklin Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Thursday, August 6th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, August 6th. Franklin Electric’s dividend payout ratio is 32.28%.

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.