Quantbot Technologies LP Has $3.51 Million Stock Holdings in Franklin Electric Co., Inc. $FELE

Quantbot Technologies LP lifted its holdings in Franklin Electric Co., Inc. (NASDAQ:FELE) by 36.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,893 shares of the industrial products company’s stock after buying an additional 9,920 shares during the quarter. Quantbot Technologies LP’s holdings in Franklin Electric were worth $3,512,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FELE. EverSource Wealth Advisors LLC increased its position in 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 acquiring an additional 101 shares in the last quarter. MAI Capital Management lifted its position in shares of Franklin Electric by 36.5% during the second quarter. MAI Capital Management now owns 490 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 131 shares in the last quarter. Osaic Holdings Inc. grew its stake in shares of Franklin Electric by 24.3% during the second quarter. Osaic Holdings Inc. now owns 608 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 119 shares during the last quarter. Covestor Ltd increased its holdings in shares of Franklin Electric by 24.6% in the third quarter. Covestor Ltd now owns 937 shares of the industrial products company’s stock valued at $89,000 after purchasing an additional 185 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in Franklin Electric by 10.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,235 shares of the industrial products company’s stock worth $118,000 after purchasing an additional 114 shares during the last quarter. Institutional investors and hedge funds own 79.98% of the company’s stock.

Franklin Electric Stock Performance

Shares of Franklin Electric stock opened at $99.49 on Tuesday. The firm has a fifty day moving average of $100.30 and a two-hundred day moving average of $97.24. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.18 and a current ratio of 2.79. The stock has a market capitalization of $4.40 billion, a price-to-earnings ratio of 30.90, a PEG ratio of 1.83 and a beta of 1.07. Franklin Electric Co., Inc. has a 52 week low of $78.87 and a 52 week high of $111.53.

Franklin Electric (NASDAQ:FELE) last announced its quarterly earnings data 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). The company had revenue of $506.86 million for the quarter, compared to analyst estimates of $516.25 million. Franklin Electric had a return on equity of 14.52% and a net margin of 6.90%.The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the firm earned $0.72 earnings per share. Franklin Electric has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, equities research analysts predict that Franklin Electric Co., Inc. will post 4.19 EPS for the current year.

Franklin Electric Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Thursday, February 5th were paid a $0.28 dividend. This is a boost from Franklin Electric’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.1%. Franklin Electric’s dividend payout ratio (DPR) is currently 34.78%.

Analysts Set New Price Targets

Several research analysts have issued reports on FELE shares. DA Davidson set a $100.00 price objective on Franklin Electric in a report on Thursday, February 19th. Wall Street Zen lowered Franklin Electric from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Franklin Electric in a report on Monday, December 29th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Franklin Electric presently has an average rating of “Hold” and a consensus target price of $106.00.

Insider Buying and Selling at Franklin Electric

In other news, CEO Joseph A. Ruzynski purchased 500 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The shares were acquired at an average cost of $93.34 per share, for a total transaction of $46,670.00. Following the transaction, the chief executive officer directly owned 22,722 shares of the company’s stock, valued at approximately $2,120,871.48. The trade was a 2.25% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. 2.72% of the stock is owned by corporate insiders.

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.