24,674 Shares in Franklin Electric Co., Inc. $FELE Acquired by Man Group plc

Man Group plc purchased a new position in Franklin Electric Co., Inc. (NASDAQ:FELE) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 24,674 shares of the industrial products company’s stock, valued at approximately $2,645,000. Man Group plc owned 0.06% of Franklin Electric as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of FELE. Oregon Public Employees Retirement Fund boosted its stake in shares of Franklin Electric by 1.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 8,716 shares of the industrial products company’s stock valued at $833,000 after purchasing an additional 100 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Franklin Electric by 31.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 425 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 101 shares in the last quarter. LPL Financial LLC increased its stake in Franklin Electric by 1.0% during the 4th quarter. LPL Financial LLC now owns 12,158 shares of the industrial products company’s stock worth $1,161,000 after buying an additional 115 shares during the period. Osaic Holdings Inc. increased its stake in Franklin Electric by 24.3% during the 2nd quarter. Osaic Holdings Inc. now owns 608 shares of the industrial products company’s stock worth $55,000 after buying an additional 119 shares during the period. Finally, Inspire Investing LLC lifted its holdings in Franklin Electric by 2.5% in the 4th quarter. Inspire Investing LLC now owns 4,968 shares of the industrial products company’s stock worth $475,000 after buying an additional 120 shares in the last quarter. Institutional investors and hedge funds own 79.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on FELE shares. DA Davidson lifted their target price on Franklin Electric from $100.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Robert W. Baird increased their price target on Franklin Electric from $118.00 to $124.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Finally, Weiss Ratings upgraded Franklin Electric from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 30th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $114.50.

Franklin Electric Trading Down 0.5%

NASDAQ FELE opened at $100.09 on Tuesday. The company has a market capitalization of $4.42 billion, a price-to-earnings ratio of 28.84, a price-to-earnings-growth ratio of 1.80 and a beta of 1.04. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.41 and a quick ratio of 1.10. Franklin Electric Co., Inc. has a 12 month low of $89.54 and a 12 month high of $115.82. The company’s fifty day moving average price is $105.09 and its two-hundred day moving average price is $100.74.

Franklin Electric (NASDAQ:FELE) last released its earnings results on Tuesday, July 28th. The industrial products company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.11. The company had revenue of $622.88 million during the quarter, compared to the consensus estimate of $605.92 million. Franklin Electric had a net margin of 7.06% and a return on equity of 15.18%. The company’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.31 EPS. Franklin Electric has set its FY 2026 guidance at 4.500-4.700 EPS. As a group, research analysts predict that Franklin Electric Co., Inc. will post 4.65 earnings per share for the current fiscal year.

Franklin Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 6th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, August 6th. Franklin Electric’s payout ratio is currently 32.28%.

Insiders Place Their Bets

In other Franklin Electric news, insider Jonathan M. Grandon sold 8,547 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $103.40, for a total transaction of $883,759.80. Following the sale, the insider owned 7,509 shares in the company, valued at $776,430.60. This represents a 53.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 2.89% of the stock is currently owned by corporate insiders.

Franklin Electric 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.