Franklin Electric (NASDAQ:FELE) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Franklin Electric Co., Inc. (NASDAQ:FELE)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $98.69 and traded as high as $104.91. Franklin Electric shares last traded at $103.63, with a volume of 251,659 shares.

Analyst Upgrades and Downgrades

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

Franklin Electric Stock Performance

The company has a market cap of $4.58 billion, a price-to-earnings ratio of 31.21, a P/E/G ratio of 1.90 and a beta of 1.05. The company has a current ratio of 2.67, a quick ratio of 1.14 and a debt-to-equity ratio of 0.10. The stock’s fifty day simple moving average is $100.38 and its 200 day simple moving average is $98.69.

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

Franklin Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 7th were paid 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 payout ratio is 33.73%.

Insiders Place Their Bets

In other Franklin Electric news, insider Delancey W. Davis sold 1,900 shares of the company’s stock in a transaction on 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 sale, the insider directly owned 10,402 shares in the company, valued at $1,040,200. This represents a 15.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jonathan M. Grandon sold 8,547 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $103.40, for a total value 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. This trade represents a 53.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 19,835 shares of company stock worth $2,004,982 in the last three months. 2.89% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Franklin Electric

Hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank purchased a new position in Franklin Electric during the fourth quarter worth about $50,010,000. Amundi increased its holdings in shares of Franklin Electric by 134.8% during the 3rd quarter. Amundi now owns 624,481 shares of the industrial products company’s stock worth $59,424,000 after buying an additional 358,517 shares during the last quarter. Fort Washington Investment Advisors Inc. OH acquired a new stake in shares of Franklin Electric during the 4th quarter worth approximately $27,266,000. Segall Bryant & Hamill LLC purchased a new stake in shares of Franklin Electric during the 3rd quarter valued at approximately $24,223,000. Finally, Qube Research & Technologies Ltd raised its position in shares of Franklin Electric by 70.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 486,523 shares of the industrial products company’s stock valued at $43,661,000 after buying an additional 200,545 shares during the period. 79.98% of the stock is currently owned by institutional investors and hedge funds.

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.