Moody National Bank Trust Division Takes Position in Franklin Electric Co., Inc. $FELE

Moody National Bank Trust Division bought a new position in shares of Franklin Electric Co., Inc. (NASDAQ:FELE) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 11,354 shares of the industrial products company’s stock, valued at approximately $1,081,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its stake in Franklin Electric by 31.2% during the second 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 period. MAI Capital Management grew its holdings in shares of Franklin Electric by 36.5% in the second quarter. MAI Capital Management now owns 490 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 131 shares in the last quarter. Osaic Holdings Inc. increased its stake in Franklin Electric by 24.3% during the 2nd quarter. Osaic Holdings Inc. now owns 608 shares of the industrial products company’s stock worth $55,000 after buying an additional 119 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Franklin Electric by 42.2% during the 1st quarter. Smartleaf Asset Management LLC now owns 913 shares of the industrial products company’s stock worth $86,000 after buying an additional 271 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in Franklin Electric by 10.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,235 shares of the industrial products company’s stock valued at $118,000 after buying an additional 114 shares during the period. 79.98% of the stock is currently owned by hedge funds and other institutional investors.

Franklin Electric Stock Performance

Shares of FELE stock opened at $97.30 on Thursday. The company has a market cap of $4.33 billion, a P/E ratio of 31.69, a PEG ratio of 1.95 and a beta of 1.07. The firm has a fifty day moving average price of $95.01 and a 200 day moving average price of $93.67. The company has a current ratio of 2.54, a quick ratio of 1.12 and a debt-to-equity ratio of 0.10. Franklin Electric Co., Inc. has a 12 month low of $78.87 and a 12 month high of $108.08.

Franklin Electric (NASDAQ:FELE) last announced its quarterly earnings results on Tuesday, October 28th. The industrial products company reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.01. The company had revenue of $581.71 million during the quarter, compared to the consensus estimate of $563.18 million. Franklin Electric had a return on equity of 14.24% and a net margin of 6.71%.Franklin Electric’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.17 EPS. Franklin Electric has set its FY 2025 guidance at 4.000-4.200 EPS. Sell-side analysts predict that Franklin Electric Co., Inc. will post 4.19 earnings per share for the current fiscal year.

Franklin Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 6th were issued a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, November 6th. Franklin Electric’s dividend payout ratio is 34.53%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on FELE shares. Robert W. Baird set a $112.00 price objective on Franklin Electric in a research report on Wednesday, October 29th. Weiss Ratings restated a “hold (c)” rating on shares of Franklin Electric in a report on Monday. Finally, Wall Street Zen raised Franklin Electric from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Franklin Electric has an average rating of “Hold” and an average target price of $112.00.

Franklin Electric Profile

Franklin Electric Co, Inc, together with its subsidiaries, designs, manufactures, and distributes water and fuel pumping systems worldwide. The company operates through Water Systems, Fueling Systems, and Distribution segments. The Water Systems segment offers submersible motors, drives, pumps, electronic controls, water treatment systems, monitoring devices, and related parts and equipment.