Quantbot Technologies LP Invests $1.88 Million in Franklin Electric Co., Inc. $FELE

Quantbot Technologies LP bought a new position in shares of Franklin Electric Co., Inc. (NASDAQ:FELE) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 17,489 shares of the industrial products company’s stock, valued at approximately $1,875,000.

Other institutional investors have also bought and sold shares of the company. Quarry LP bought a new position in shares of Franklin Electric during the third quarter valued at $28,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Franklin Electric in the 4th quarter valued at $35,000. EverSource Wealth Advisors LLC grew its holdings 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 worth $38,000 after purchasing an additional 101 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Franklin Electric by 213.1% during the 4th quarter. Farther Finance Advisors LLC now owns 454 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 309 shares in the last quarter. Finally, Trust Co. of Vermont acquired a new stake in shares of Franklin Electric during the 2nd quarter worth about $44,000. Institutional investors and hedge funds own 79.98% of the company’s stock.

Franklin Electric Price Performance

Shares of FELE stock opened at $103.15 on Tuesday. The stock’s fifty day moving average is $105.34 and its 200-day moving average is $100.92. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.10 and a current ratio of 2.41. The stock has a market capitalization of $4.56 billion, a PE ratio of 29.73, a PEG ratio of 1.87 and a beta of 1.04. Franklin Electric Co., Inc. has a 52 week low of $89.54 and a 52 week high of $115.82.

Franklin Electric (NASDAQ:FELE) last released its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.11. Franklin Electric had a return on equity of 15.18% and a net margin of 7.06%.The business had revenue of $622.88 million during the quarter, compared to analysts’ expectations of $605.92 million. During the same period in the previous year, the business posted $1.31 earnings per share. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. Franklin Electric has set its FY 2026 guidance at 4.500-4.700 EPS. Equities research analysts expect that Franklin Electric Co., Inc. will post 4.65 EPS for the current fiscal year.

Franklin Electric Announces Dividend

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

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other Franklin Electric news, insider Jonathan M. Grandon sold 8,547 shares of the business’s stock in a transaction dated 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 transaction, the insider directly owned 7,509 shares of the company’s stock, valued at approximately $776,430.60. The trade was a 53.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.89% of the company’s stock.

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.