Susquehanna International Group LLP Has $3.05 Million Holdings in Franklin Electric Co., Inc. $FELE

Susquehanna International Group LLP increased its holdings in Franklin Electric Co., Inc. (NASDAQ:FELE) by 72.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,486 shares of the industrial products company’s stock after purchasing an additional 12,001 shares during the period. Susquehanna International Group LLP owned approximately 0.06% of Franklin Electric worth $3,053,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of FELE. Kingsview Wealth Management LLC bought a new position in Franklin Electric during the second quarter valued at about $4,118,000. Public Employees Retirement System of Ohio bought a new stake in shares of Franklin Electric during the 2nd quarter worth about $75,000. Capstone Investment Advisors LLC bought a new stake in shares of Franklin Electric during the 2nd quarter worth about $1,084,000. Corient Private Wealth LP bought a new position in shares of Franklin Electric in the second quarter valued at approximately $2,050,000. Finally, Bank of America Corp DE bought a new position in shares of Franklin Electric in the second quarter valued at approximately $82,970,000. 79.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on FELE. Robert W. Baird lifted their target price 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. DA Davidson increased their target price on Franklin Electric from $100.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Finally, Weiss Ratings raised Franklin Electric from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 30th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $114.50.

Insider Buying and Selling

In other Franklin Electric news, insider Jonathan M. Grandon sold 8,547 shares of the stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $103.40, for a total value 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.89% of the company’s stock.

Franklin Electric Price Performance

Franklin Electric stock opened at $100.56 on Monday. 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 business has a 50 day simple moving average of $105.17 and a 200 day simple moving average of $100.80. The company has a market capitalization of $4.45 billion, a PE ratio of 28.98, a price-to-earnings-growth ratio of 1.80 and a beta of 1.04.

Franklin Electric (NASDAQ:FELE) last announced its 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 business had revenue of $622.88 million for the quarter, compared to the consensus estimate 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 was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.31 EPS. Franklin Electric has set its FY 2026 guidance at 4.500-4.700 EPS. On average, sell-side analysts forecast that Franklin Electric Co., Inc. will post 4.65 EPS for the current fiscal year.

Franklin Electric Announces Dividend

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

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.