Quantinno Capital Management LP Raises Stake in Franklin Electric Co., Inc. $FELE

Quantinno Capital Management LP increased its position in Franklin Electric Co., Inc. (NASDAQ:FELE) by 149.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,549 shares of the industrial products company’s stock after buying an additional 12,300 shares during the period. Quantinno Capital Management LP’s holdings in Franklin Electric were worth $1,894,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of FELE. Teacher Retirement System of Texas raised its holdings in Franklin Electric by 19.4% in the 4th quarter. Teacher Retirement System of Texas now owns 69,988 shares of the industrial products company’s stock valued at $6,686,000 after acquiring an additional 11,351 shares during the last quarter. Seizert Capital Partners LLC acquired a new stake in shares of Franklin Electric during the fourth quarter worth $3,760,000. Principal Financial Group Inc. boosted 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 purchasing an additional 10,325 shares during the last quarter. Gamco Investors INC. ET AL grew its position in shares of Franklin Electric by 4.4% in the first quarter. Gamco Investors INC. ET AL now owns 256,624 shares of the industrial products company’s stock valued at $23,653,000 after purchasing an additional 10,858 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Franklin Electric by 58.5% in the first 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 purchasing an additional 52,161 shares during the period. Hedge funds and other institutional investors own 79.98% of the company’s stock.

Insider Transactions at Franklin Electric

In related news, insider Jonathan M. Grandon sold 8,547 shares of the stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $103.40, for a total transaction of $883,759.80. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Delancey W. Davis sold 1,900 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider owned 10,402 shares in the company, valued at $1,040,200. The trade was a 15.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 14,647 shares of company stock worth $1,486,326. Company insiders own 2.89% of the company’s stock.

Analyst Ratings Changes

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

Franklin Electric Stock Up 0.4%

Shares of NASDAQ FELE opened at $107.81 on Wednesday. The stock has a market capitalization of $4.77 billion, a PE ratio of 31.07, a P/E/G ratio of 1.93 and a beta of 1.04. The company has a quick ratio of 1.10, a current ratio of 2.41 and a debt-to-equity ratio of 0.10. The firm has a fifty day moving average of $104.68 and a 200-day moving average of $100.67. Franklin Electric Co., Inc. has a 52-week low of $89.54 and a 52-week high of $115.82.

Franklin Electric (NASDAQ:FELE) last issued its earnings results on Tuesday, July 28th. The industrial products company reported $1.55 earnings per share 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 for the quarter, compared to analyst estimates of $605.92 million. During the same period last year, the company posted $1.31 EPS. The business’s quarterly 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 anticipate that Franklin Electric Co., Inc. will post 4.65 EPS for the current year.

Franklin Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Thursday, August 6th. Franklin Electric’s dividend payout ratio (DPR) is 32.28%.

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.