Jonathan Grandon Sells 8,547 Shares of Franklin Electric (NASDAQ:FELE) Stock

Franklin Electric Co., Inc. (NASDAQ:FELE) insider Jonathan Grandon sold 8,547 shares of the company’s 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 directly owned 7,509 shares of the company’s stock, valued at $776,430.60. The trade was a 53.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Franklin Electric Trading Up 2.5%

Shares of NASDAQ FELE opened at $102.08 on Friday. Franklin Electric Co., Inc. has a twelve month low of $84.31 and a twelve month high of $111.53. The stock has a market cap of $4.51 billion, a price-to-earnings ratio of 30.75, a P/E/G ratio of 1.81 and a beta of 1.05. The company has a quick ratio of 1.14, a current ratio of 2.67 and a debt-to-equity ratio of 0.10. The company’s fifty day moving average is $99.18 and its 200-day moving average is $98.20.

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

Franklin Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 7th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Thursday, May 7th. Franklin Electric’s dividend payout ratio is 33.73%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Franklin Electric in a research report on Tuesday. Wall Street Zen upgraded Franklin Electric from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, DA Davidson reissued a “neutral” rating and set a $100.00 target price on shares of Franklin Electric in a research note on Wednesday, April 29th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Franklin Electric currently has an average rating of “Hold” and an average target price of $106.00.

Hedge Funds Weigh In On Franklin Electric

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

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.