10,113 Shares in Franklin Electric Co., Inc. $FELE Purchased by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC purchased a new stake in shares of Franklin Electric Co., Inc. (NASDAQ:FELE) in the 2nd quarter, Holdings Channel reports. The fund purchased 10,113 shares of the industrial products company’s stock, valued at approximately $1,084,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quarry LP bought a new position in shares of Franklin Electric in the third quarter valued at approximately $28,000. Aster Capital Management DIFC Ltd bought a new stake in Franklin Electric during the 4th quarter worth approximately $35,000. EverSource Wealth Advisors LLC grew its position in Franklin Electric by 31.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 425 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 101 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in Franklin Electric by 213.1% during the 4th quarter. Farther Finance Advisors LLC now owns 454 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 309 shares in the last quarter. Finally, Trust Co. of Vermont acquired a new stake in Franklin Electric during the 2nd quarter valued at $44,000. 79.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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. 2.89% of the stock is owned by company insiders.

Franklin Electric Trading Down 0.4%

Shares of NASDAQ FELE opened at $102.14 on Friday. The company’s fifty day moving average is $105.25 and its 200-day moving average is $100.85. The stock has a market cap of $4.52 billion, a price-to-earnings ratio of 29.44, a P/E/G ratio of 1.84 and a beta of 1.04. Franklin Electric Co., Inc. has a twelve month low of $89.54 and a twelve month high of $115.82. The company has a quick ratio of 1.10, a current ratio of 2.41 and a debt-to-equity ratio of 0.10.

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

Franklin Electric Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on FELE shares. Wall Street Zen upgraded Franklin Electric from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. DA Davidson lifted their price target on Franklin Electric from $100.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. 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. Finally, Robert W. Baird increased their price objective 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. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Franklin Electric currently has a consensus rating of “Hold” and a consensus price target of $114.50.

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.