Aptus Capital Advisors LLC Buys 26,093 Shares of Franklin Electric Co., Inc. $FELE

Aptus Capital Advisors LLC lifted its position in Franklin Electric Co., Inc. (NASDAQ:FELE) by 61.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,727 shares of the industrial products company’s stock after buying an additional 26,093 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Franklin Electric were worth $6,543,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of FELE. EverSource Wealth Advisors LLC lifted its stake in 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 purchasing an additional 101 shares in the last quarter. Fortress Financial Solutions LLC grew its position in shares of Franklin Electric by 2.5% during the 2nd quarter. Fortress Financial Solutions LLC now owns 4,546 shares of the industrial products company’s stock valued at $408,000 after purchasing an additional 110 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Franklin Electric by 10.2% during the 3rd quarter. GAMMA Investing LLC now owns 1,235 shares of the industrial products company’s stock valued at $118,000 after purchasing an additional 114 shares in the last quarter. Osaic Holdings Inc. increased its holdings in shares of Franklin Electric by 24.3% in the second quarter. Osaic Holdings Inc. now owns 608 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 119 shares during the period. Finally, MAI Capital Management raised its position 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 worth $44,000 after buying an additional 131 shares in the last quarter. 79.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Franklin Electric

In other news, CEO Joseph A. Ruzynski bought 500 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The stock was bought at an average price of $93.34 per share, for a total transaction of $46,670.00. Following the transaction, the chief executive officer directly owned 22,722 shares of the company’s stock, valued at $2,120,871.48. This represents a 2.25% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.72% of the company’s stock.

Franklin Electric Stock Performance

NASDAQ FELE opened at $95.74 on Friday. Franklin Electric Co., Inc. has a 52-week low of $78.87 and a 52-week high of $111.53. The company has a fifty day moving average of $100.26 and a 200-day moving average of $97.30. The company has a market capitalization of $4.23 billion, a P/E ratio of 29.73, a P/E/G ratio of 1.76 and a beta of 1.07. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.18 and a current ratio of 2.79.

Franklin Electric (NASDAQ:FELE) last released its earnings results on Tuesday, February 17th. The industrial products company reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.02). Franklin Electric had a net margin of 6.90% and a return on equity of 14.52%. The firm had revenue of $506.86 million during the quarter, compared to the consensus estimate of $516.25 million. During the same period in the prior year, the company earned $0.72 EPS. The firm’s revenue was up 4.4% compared to the same quarter last year. Franklin Electric has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, equities research analysts predict that Franklin Electric Co., Inc. will post 4.19 EPS for the current fiscal year.

Franklin Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Thursday, February 5th were given a dividend of $0.28 per share. This is a boost from Franklin Electric’s previous quarterly dividend of $0.27. The ex-dividend date was Thursday, February 5th. This represents a $1.12 annualized dividend and a dividend yield of 1.2%. Franklin Electric’s dividend payout ratio is currently 34.78%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on FELE. Weiss Ratings reissued a “hold (c)” rating on shares of Franklin Electric in a research note on Monday, December 29th. Wall Street Zen downgraded Franklin Electric from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Finally, DA Davidson set a $100.00 price objective on Franklin Electric in a report on Thursday, February 19th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $106.00.

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.