129,050 Shares in Franklin Electric Co., Inc. $FELE Bought by SG Capital Management LLC

SG Capital Management LLC acquired a new stake in shares of Franklin Electric Co., Inc. (NASDAQ:FELE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 129,050 shares of the industrial products company’s stock, valued at approximately $12,286,000. Franklin Electric accounts for about 1.1% of SG Capital Management LLC’s holdings, making the stock its 28th biggest position. SG Capital Management LLC owned about 0.29% of Franklin Electric at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Intech Investment Management LLC raised its holdings in Franklin Electric by 11.0% in the second quarter. Intech Investment Management LLC now owns 40,280 shares of the industrial products company’s stock worth $3,615,000 after buying an additional 3,986 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Franklin Electric during the third quarter valued at approximately $1,181,000. AlphaQuest LLC increased its position in shares of Franklin Electric by 38.7% during the third quarter. AlphaQuest LLC now owns 45,466 shares of the industrial products company’s stock valued at $4,328,000 after acquiring an additional 12,675 shares in the last quarter. Alps Advisors Inc. raised its holdings in Franklin Electric by 11.8% in the 3rd quarter. Alps Advisors Inc. now owns 90,086 shares of the industrial products company’s stock worth $8,576,000 after acquiring an additional 9,528 shares during the last quarter. Finally, Entropy Technologies LP lifted its position in Franklin Electric by 220.2% in the 2nd quarter. Entropy Technologies LP now owns 8,288 shares of the industrial products company’s stock valued at $744,000 after acquiring an additional 5,700 shares in the last quarter. Institutional investors own 79.98% of the company’s stock.

Franklin Electric Trading Down 2.3%

Shares of FELE stock opened at $90.88 on Thursday. Franklin Electric Co., Inc. has a 1 year low of $78.87 and a 1 year high of $111.53. The firm has a fifty day moving average price of $100.24 and a 200-day moving average price of $97.05. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.79 and a quick ratio of 1.12. The company has a market cap of $4.05 billion, a price-to-earnings ratio of 28.22, a PEG ratio of 1.70 and a beta of 1.08.

Franklin Electric (NASDAQ:FELE) last announced its earnings results on Tuesday, February 17th. The industrial products company reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.02). Franklin Electric had a return on equity of 14.52% and a net margin of 6.90%.The company had revenue of $506.86 million during the quarter, compared to the consensus estimate of $516.25 million. During the same period in the prior year, the business posted $0.72 earnings per share. Franklin Electric’s revenue for the quarter was up 4.4% compared to the same quarter last year. Franklin Electric has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, equities analysts predict that Franklin Electric Co., Inc. will post 4.19 earnings per share for the current year.

Franklin Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 19th. Shareholders of record on Thursday, February 5th will be issued a dividend of $0.28 per share. This is an increase from Franklin Electric’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, February 5th. Franklin Electric’s payout ratio is presently 36.48%.

Analyst Ratings Changes

A number of research firms have commented on FELE. Wall Street Zen raised Franklin Electric from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Robert W. Baird set a $112.00 target price on shares of Franklin Electric in a research note on Wednesday, October 29th. DA Davidson reiterated a “neutral” rating and issued a $90.00 price target on shares of Franklin Electric in a research note on Wednesday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Franklin Electric in a research report on Monday, December 29th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $101.00.

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.