Deutsche Bank AG Makes New Investment in Franklin Electric Co., Inc. $FELE

Deutsche Bank AG bought a new position in shares of Franklin Electric Co., Inc. (NASDAQ:FELE) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 42,480 shares of the industrial products company’s stock, valued at approximately $4,553,000.

Several other hedge funds and other institutional investors have also modified their holdings of FELE. Morgan Stanley lifted its position in Franklin Electric by 0.5% during the fourth quarter. Morgan Stanley now owns 1,790,205 shares of the industrial products company’s stock worth $171,019,000 after acquiring an additional 8,356 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Franklin Electric by 3.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,009,687 shares of the industrial products company’s stock worth $93,059,000 after purchasing an additional 36,268 shares during the period. Amundi lifted its holdings in Franklin Electric by 25.2% during the 1st quarter. Amundi now owns 881,425 shares of the industrial products company’s stock worth $81,225,000 after purchasing an additional 177,433 shares during the last quarter. Bank of America Corp DE lifted its holdings in Franklin Electric by 11.0% during the 1st quarter. Bank of America Corp DE now owns 824,085 shares of the industrial products company’s stock worth $75,956,000 after purchasing an additional 81,988 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in Franklin Electric by 9.2% in the 2nd quarter. Invesco Ltd. now owns 607,040 shares of the industrial products company’s stock valued at $54,476,000 after purchasing an additional 50,895 shares during the period. Institutional investors own 79.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Weiss Ratings raised shares of Franklin Electric from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 30th. Robert W. Baird increased their target price on Franklin Electric from $118.00 to $124.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. DA Davidson raised their price target on Franklin Electric from $100.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Finally, Wall Street Zen raised Franklin Electric from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $114.50.

Franklin Electric Stock Down 1.3%

NASDAQ:FELE opened at $101.82 on Wednesday. Franklin Electric Co., Inc. has a one year low of $89.54 and a one year high of $115.82. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.41 and a quick ratio of 1.10. The company has a market cap of $4.50 billion, a PE ratio of 29.34, a P/E/G ratio of 1.85 and a beta of 1.04. The firm’s 50 day simple moving average is $105.30 and its 200 day simple moving average is $100.90.

Franklin Electric (NASDAQ:FELE) last announced its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $1.55 earnings per share (EPS) 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 analysts’ expectations of $605.92 million. Franklin Electric had a net margin of 7.06% and a return on equity of 15.18%. The company’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.31 EPS. Franklin Electric has set its FY 2026 guidance at 4.500-4.700 EPS. On average, research analysts anticipate that Franklin Electric Co., Inc. will post 4.65 earnings per share for the current year.

Franklin Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 6th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Thursday, August 6th. Franklin Electric’s dividend payout ratio is presently 32.28%.

Insiders Place Their Bets

In related news, insider Jonathan M. Grandon sold 8,547 shares of the firm’s 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 transaction, the insider directly owned 7,509 shares of the company’s stock, valued at $776,430.60. This trade represents a 53.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.89% of the stock is owned by insiders.

About Franklin Electric

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.