Jonathan Grandon Sells 4,988 Shares of Franklin Electric (NASDAQ:FELE) Stock

Franklin Electric Co., Inc. (NASDAQ:FELE) insider Jonathan Grandon sold 4,988 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $100.02, for a total transaction of $498,899.76. Following the completion of the transaction, the insider directly owned 7,509 shares of the company’s stock, valued at approximately $751,050.18. This represents a 39.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Franklin Electric Price Performance

FELE stock opened at $100.01 on Wednesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.67 and a quick ratio of 1.14. Franklin Electric Co., Inc. has a one year low of $83.42 and a one year high of $111.53. The stock has a market cap of $4.42 billion, a PE ratio of 30.12, a P/E/G ratio of 1.80 and a beta of 1.07. The firm has a 50 day simple moving average of $96.87 and a two-hundred day simple moving average of $97.49.

Franklin Electric (NASDAQ:FELE) last released its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.06. Franklin Electric had a net margin of 6.91% and a return on equity of 14.86%. The business had revenue of $500.44 million during the quarter, compared to analysts’ expectations of $479.21 million. During the same quarter in the previous year, the company earned $0.67 EPS. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. Franklin Electric has set its FY 2026 guidance at 4.400-4.600 EPS. On average, analysts predict that Franklin Electric Co., Inc. will post 4.58 EPS for the current fiscal year.

Franklin Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 21st. Shareholders of record on Thursday, May 7th will be 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 is Thursday, May 7th. Franklin Electric’s payout ratio is currently 33.73%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. DA Davidson reissued a “neutral” rating and issued a $100.00 price target on shares of Franklin Electric in a research note on Wednesday, April 29th. Wall Street Zen raised shares of Franklin Electric from a “hold” rating to a “buy” rating in a research note on Saturday. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $106.00.

Institutional Investors Weigh In On Franklin Electric

A number of hedge funds have recently made changes to their positions in FELE. Quarry LP bought a new stake in shares of Franklin Electric in the 3rd quarter worth approximately $28,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Franklin Electric in the 4th quarter worth approximately $35,000. EverSource Wealth Advisors LLC lifted 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 acquiring an additional 101 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Franklin Electric by 213.1% in the 4th quarter. Farther Finance Advisors LLC now owns 454 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 309 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in shares of Franklin Electric in the 4th quarter worth approximately $48,000. 79.98% of the stock is currently owned by institutional investors.

About Franklin Electric

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.