Franklin Electric Co., Inc. $FELE Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its holdings in Franklin Electric Co., Inc. (NASDAQ:FELE) by 36.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Teacher Retirement System of Texas boosted its stake in shares of Franklin Electric by 19.4% during the 4th quarter. Teacher Retirement System of Texas now owns 69,988 shares of the industrial products company’s stock worth $6,686,000 after acquiring an additional 11,351 shares in the last quarter. Seizert Capital Partners LLC acquired a new stake in shares of Franklin Electric during the fourth quarter worth $3,760,000. Assenagon Asset Management S.A. lifted its holdings in shares of Franklin Electric by 79.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 375,251 shares of the industrial products company’s stock valued at $35,848,000 after purchasing an additional 165,646 shares during the last quarter. Fort Washington Investment Advisors Inc. OH acquired a new position in shares of Franklin Electric in the 4th quarter valued at $27,266,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Franklin Electric by 124.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 205,617 shares of the industrial products company’s stock valued at $19,575,000 after purchasing an additional 113,962 shares during the period. 79.98% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Franklin Electric

In other Franklin Electric news, insider Delancey W. Davis sold 1,900 shares of the business’s 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 transaction, the insider owned 10,402 shares in the company, valued at $1,040,200. The trade was a 15.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jonathan M. Grandon sold 8,547 shares of Franklin Electric stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $103.40, for a total value of $883,759.80. Following 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 19,835 shares of company stock worth $2,004,982 in the last 90 days. Corporate insiders own 2.89% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on FELE. Weiss Ratings restated a “hold (c)” rating on shares of Franklin Electric in a report on Tuesday, June 9th. Wall Street Zen raised shares of Franklin Electric from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, DA Davidson restated a “neutral” rating and set a $100.00 price target on shares of Franklin Electric in a report on Tuesday, June 16th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $106.00.

Franklin Electric Stock Up 1.9%

Shares of NASDAQ FELE traded up $1.94 during mid-day trading on Friday, reaching $103.63. The company had a trading volume of 276,797 shares, compared to its average volume of 297,983. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.14 and a current ratio of 2.67. The company has a market capitalization of $4.58 billion, a price-to-earnings ratio of 31.21, a PEG ratio of 1.88 and a beta of 1.03. The stock has a fifty day moving average of $101.27 and a two-hundred day moving average of $99.50. Franklin Electric Co., Inc. has a 12-month low of $88.63 and a 12-month high of $111.53.

Franklin Electric (NASDAQ:FELE) last released its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.06. The firm had revenue of $500.44 million for the quarter, compared to analyst estimates of $479.21 million. Franklin Electric had a net margin of 6.91% and a return on equity of 14.86%. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.67 EPS. Franklin Electric has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, equities research analysts expect that Franklin Electric Co., Inc. will post 4.58 EPS for the current year.

Franklin Electric Announces Dividend

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

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.