Phillips Financial Management LLC Invests $695,000 in Franklin Electric Co., Inc. $FELE

Phillips Financial Management LLC acquired a new position in shares of Franklin Electric Co., Inc. (NASDAQ:FELE) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,483 shares of the industrial products company’s stock, valued at approximately $695,000.

Other large investors have also bought and sold shares of the company. Teacher Retirement System of Texas boosted its position in Franklin Electric by 19.4% in the fourth quarter. Teacher Retirement System of Texas now owns 69,988 shares of the industrial products company’s stock valued at $6,686,000 after buying an additional 11,351 shares in the last quarter. Seizert Capital Partners LLC acquired a new position in shares of Franklin Electric during the fourth quarter worth $3,760,000. Principal Financial Group Inc. increased its holdings in shares of Franklin Electric by 4.8% during the first quarter. Principal Financial Group Inc. now owns 224,135 shares of the industrial products company’s stock worth $20,659,000 after buying an additional 10,325 shares in the last quarter. Gamco Investors INC. ET AL lifted its stake in shares of Franklin Electric by 4.4% in the 1st quarter. Gamco Investors INC. ET AL now owns 256,624 shares of the industrial products company’s stock valued at $23,653,000 after acquiring an additional 10,858 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Franklin Electric by 58.5% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 141,338 shares of the industrial products company’s stock valued at $13,027,000 after acquiring an additional 52,161 shares during the last quarter. 79.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Jonathan M. Grandon sold 8,547 shares of the company’s stock in a transaction that occurred 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 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 SEC, which is available at this hyperlink. Also, insider Delancey W. Davis sold 1,900 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $100.00, for a total transaction of $190,000.00. Following the completion of the sale, the insider directly owned 10,402 shares in the company, valued at approximately $1,040,200. This represents a 15.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 14,647 shares of company stock valued at $1,486,326. Insiders own 2.89% of the company’s stock.

Franklin Electric Price Performance

Shares of NASDAQ:FELE opened at $105.77 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.10 and a current ratio of 2.41. Franklin Electric Co., Inc. has a 52 week low of $89.54 and a 52 week high of $115.82. The firm has a market cap of $4.68 billion, a PE ratio of 30.48, a price-to-earnings-growth ratio of 1.90 and a beta of 1.04. The firm’s fifty day moving average is $105.15 and its 200-day moving average is $100.78.

Franklin Electric (NASDAQ:FELE) last posted its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $1.55 earnings per share 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 the consensus estimate of $605.92 million. Franklin Electric had a return on equity of 15.18% and a net margin of 7.06%.Franklin Electric’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.31 earnings per share. Franklin Electric has set its FY 2026 guidance at 4.500-4.700 EPS. Sell-side analysts predict that Franklin Electric Co., Inc. will post 4.65 earnings per share for the current year.

Franklin Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $1.12 annualized dividend and a dividend yield of 1.1%. Franklin Electric’s dividend payout ratio is presently 32.28%.

Analysts Set New Price Targets

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

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.