Hsbc Holdings PLC Boosts Stake in Franklin Electric Co., Inc. $FELE

Hsbc Holdings PLC boosted its holdings in Franklin Electric Co., Inc. (NASDAQ:FELE) by 36.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,947 shares of the industrial products company’s stock after acquiring an additional 5,616 shares during the quarter. Hsbc Holdings PLC’s holdings in Franklin Electric were worth $2,005,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Royal Bank of Canada grew its holdings in shares of Franklin Electric by 81.6% during the first quarter. Royal Bank of Canada now owns 3,997 shares of the industrial products company’s stock worth $375,000 after purchasing an additional 1,796 shares in the last quarter. AQR Capital Management LLC raised its stake in Franklin Electric by 105.5% in the first quarter. AQR Capital Management LLC now owns 25,463 shares of the industrial products company’s stock valued at $2,390,000 after purchasing an additional 13,075 shares in the last quarter. NewEdge Advisors LLC lifted its position in Franklin Electric by 30.6% during the first quarter. NewEdge Advisors LLC now owns 5,760 shares of the industrial products company’s stock valued at $541,000 after purchasing an additional 1,349 shares during the last quarter. United Services Automobile Association purchased a new position in Franklin Electric in the 1st quarter worth approximately $243,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Franklin Electric by 8.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 137,162 shares of the industrial products company’s stock worth $12,877,000 after buying an additional 10,862 shares in the last quarter. Hedge funds and other institutional investors own 79.98% of the company’s stock.

Franklin Electric Stock Down 2.2%

Shares of FELE opened at $105.49 on Tuesday. Franklin Electric Co., Inc. has a 1 year low of $88.63 and a 1 year high of $111.53. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.67 and a quick ratio of 1.14. The stock has a 50 day simple moving average of $100.81 and a two-hundred day simple moving average of $99.07. The firm has a market cap of $4.66 billion, a P/E ratio of 31.77, a P/E/G ratio of 1.96 and a beta of 1.05.

Franklin Electric (NASDAQ:FELE) last posted its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.77 by $0.06. Franklin Electric had a net margin of 6.91% and a return on equity of 14.86%. The firm had revenue of $500.44 million for the quarter, compared to the consensus estimate of $479.21 million. During the same period last year, the firm posted $0.67 earnings per share. The business’s 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 forecast that Franklin Electric Co., Inc. will post 4.58 earnings per share for the current fiscal year.

Franklin Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Thursday, May 7th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Thursday, May 7th. Franklin Electric’s dividend payout ratio (DPR) is presently 33.73%.

Insider Buying and Selling at Franklin Electric

In other news, insider Jonathan M. Grandon sold 8,547 shares of Franklin Electric stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $103.40, for a total value of $883,759.80. Following the transaction, the insider owned 7,509 shares in the company, valued at approximately $776,430.60. The trade was a 53.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Delancey W. Davis sold 1,900 shares of Franklin Electric stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $100.00, for a total value of $190,000.00. Following the completion of the transaction, the insider owned 10,402 shares in the company, valued at approximately $1,040,200. This represents a 15.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 19,835 shares of company stock valued at $2,004,982 over the last three months. 2.89% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Franklin Electric from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Franklin Electric in a research report on Tuesday, June 9th. Finally, DA Davidson restated a “neutral” rating and set a $100.00 price target on shares of Franklin Electric in a research report on Tuesday, June 16th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $106.00.

Franklin Electric Company Profile

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.