Man Group plc Makes New Investment in Franklin Electric Co., Inc. $FELE

Man Group plc bought a new stake in shares of Franklin Electric Co., Inc. (NASDAQ:FELE) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 24,674 shares of the industrial products company’s stock, valued at approximately $2,645,000.

A number of other large investors also recently modified their holdings of FELE. Medina Value Partners LLC bought a new stake in shares of Franklin Electric during the 2nd quarter valued at about $25,122,549. Jupiter Topco LLC bought a new position in Franklin Electric in the second quarter worth about $1,840,000. Hsbc Holdings PLC acquired a new position in Franklin Electric in the second quarter valued at approximately $1,238,000. Canada Pension Plan Investment Board acquired a new position in Franklin Electric in the second quarter valued at approximately $1,040,000. Finally, Legal & General Group Plc bought a new position in shares of Franklin Electric during the second quarter valued at approximately $33,805,000. 79.98% of the stock is currently owned by institutional investors.

Franklin Electric Stock Performance

FELE opened at $100.09 on Tuesday. The business’s 50 day moving average is $105.09 and its 200-day moving average is $100.74. The stock has a market cap of $4.42 billion, a PE ratio of 28.84, a price-to-earnings-growth ratio of 1.80 and a beta of 1.04. The company has a current ratio of 2.41, a quick ratio of 1.10 and a debt-to-equity ratio of 0.10. Franklin Electric Co., Inc. has a twelve month low of $89.54 and a twelve month high of $115.82.

Franklin Electric (NASDAQ:FELE) last issued its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $605.92 million. During the same period in the previous year, the firm posted $1.31 earnings per share. The business’s revenue was up 6.0% on a year-over-year basis. Franklin Electric has set its FY 2026 guidance at 4.500-4.700 EPS. On average, analysts predict that Franklin Electric Co., Inc. will post 4.65 earnings per share for the current year.

Franklin Electric Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on FELE. Robert W. Baird boosted their price objective on Franklin Electric from $118.00 to $124.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. DA Davidson boosted their price target on shares of Franklin Electric from $100.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Finally, Weiss Ratings raised shares of Franklin Electric from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 30th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $114.50.

Insider Transactions at Franklin Electric

In other news, insider Jonathan M. Grandon sold 8,547 shares of the stock in a transaction on 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 transaction, the insider owned 7,509 shares of the company’s stock, valued at approximately $776,430.60. This represents a 53.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 2.89% of the company’s stock.

Franklin Electric Company 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.