Hsbc Holdings PLC Acquires 5,616 Shares of Franklin Electric Co., Inc. $FELE

Hsbc Holdings PLC boosted its holdings in shares of Franklin Electric Co., Inc. (NASDAQ:FELE) by 36.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 20,947 shares of the industrial products company’s stock after buying an additional 5,616 shares during the period. Hsbc Holdings PLC’s holdings in Franklin Electric were worth $2,005,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund boosted its stake in shares of Franklin Electric by 1.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 8,716 shares of the industrial products company’s stock worth $833,000 after acquiring an additional 100 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of 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. Wealth Enhancement Advisory Services LLC raised its stake in shares of Franklin Electric by 1.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,885 shares of the industrial products company’s stock valued at $787,000 after acquiring an additional 111 shares in the last quarter. LPL Financial LLC raised its stake in shares of Franklin Electric by 1.0% in the 4th quarter. LPL Financial LLC now owns 12,158 shares of the industrial products company’s stock valued at $1,161,000 after acquiring an additional 115 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its holdings in Franklin Electric by 24.3% in the 2nd quarter. Osaic Holdings Inc. now owns 608 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 119 shares during the last quarter. 79.98% of the stock is currently owned by institutional investors.

Franklin Electric Stock Performance

Shares of Franklin Electric stock traded up $1.94 during trading on Friday, reaching $103.63. The company’s stock had a trading volume of 276,797 shares, compared to its average volume of 297,983. Franklin Electric Co., Inc. has a one year low of $88.63 and a one year high of $111.53. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.14 and a current ratio of 2.67. The firm has a market cap of $4.58 billion, a price-to-earnings ratio of 31.21, a price-to-earnings-growth ratio of 1.88 and a beta of 1.03. The business’s fifty day moving average price is $101.27 and its 200-day moving average price is $99.50.

Franklin Electric (NASDAQ:FELE) last announced its earnings results on Tuesday, April 28th. The industrial products company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.06. The firm had revenue of $500.44 million during the quarter, compared to the consensus estimate of $479.21 million. Franklin Electric had a return on equity of 14.86% and a net margin of 6.91%.The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.67 EPS. 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 4.58 earnings per share for the current year.

Franklin Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Thursday, May 7th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, May 7th. Franklin Electric’s dividend payout ratio is currently 33.73%.

Insider Buying and Selling at Franklin Electric

In other Franklin Electric news, insider Jonathan M. Grandon sold 8,547 shares of the stock in a transaction on Tuesday, June 9th. The shares were 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 of the company’s stock, valued at $776,430.60. This 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 link. Also, insider Delancey W. Davis sold 1,900 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $100.00, for a total transaction of $190,000.00. Following the completion of the sale, the insider owned 10,402 shares in the company, valued at $1,040,200. This represents a 15.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 19,835 shares of company stock worth $2,004,982. 2.89% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on FELE. Weiss Ratings reiterated a “hold (c)” rating on shares of Franklin Electric in a report on Tuesday, June 9th. Wall Street Zen upgraded shares of Franklin Electric from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, DA Davidson reaffirmed a “neutral” rating and set a $100.00 price objective on shares of Franklin Electric in a report on Tuesday, June 16th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $106.00.

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.