UBS Group AG Sells 48,063 Shares of Franklin Electric Co., Inc. $FELE

UBS Group AG lessened its holdings in Franklin Electric Co., Inc. (NASDAQ:FELE) by 35.0% in the fourth quarter, HoldingsChannel reports. The fund owned 89,313 shares of the industrial products company’s stock after selling 48,063 shares during the period. UBS Group AG’s holdings in Franklin Electric were worth $8,532,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of FELE. Royal Bank of Canada boosted its position 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 acquiring an additional 1,796 shares during the period. AQR Capital Management LLC boosted its position in shares of 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 acquiring an additional 13,075 shares during the period. NewEdge Advisors LLC boosted its position in shares of Franklin Electric by 30.6% in the first quarter. NewEdge Advisors LLC now owns 5,760 shares of the industrial products company’s stock valued at $541,000 after acquiring an additional 1,349 shares during the period. United Services Automobile Association bought a new stake in shares of Franklin Electric in the first quarter valued at about $243,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Franklin Electric by 8.6% in the first 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 acquiring an additional 10,862 shares during the period. Institutional investors own 79.98% of the company’s stock.

Wall Street Analysts Forecast Growth

FELE has been the subject of a number of recent research reports. DA Davidson reissued a “neutral” rating and issued a $100.00 target price on shares of Franklin Electric in a research report on Wednesday, April 29th. Wall Street Zen raised shares of Franklin Electric from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $106.00.

Franklin Electric Stock Performance

FELE opened at $96.07 on Monday. Franklin Electric Co., Inc. has a twelve month low of $83.42 and a twelve month high of $111.53. The company has a 50-day simple moving average of $96.79 and a 200 day simple moving average of $97.52. 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 stock has a market capitalization of $4.24 billion, a price-to-earnings ratio of 28.94, a P/E/G ratio of 1.75 and a beta of 1.07.

Franklin Electric (NASDAQ:FELE) last posted its quarterly earnings data 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. Franklin Electric had a net margin of 6.91% and a return on equity of 14.86%. The business had revenue of $500.44 million during the quarter, compared to analysts’ expectations of $479.21 million. During the same quarter in the prior year, the business posted $0.67 earnings per share. Franklin Electric’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. Analysts predict that Franklin Electric Co., Inc. will post 4.58 EPS for the current fiscal year.

Franklin Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 21st. Investors of record on Thursday, May 7th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, May 7th. This represents a $1.12 annualized dividend and a yield of 1.2%. Franklin Electric’s dividend payout ratio is currently 33.73%.

Insider Activity

In other news, CEO Joseph A. Ruzynski acquired 500 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The stock was acquired at an average price of $93.34 per share, with a total value of $46,670.00. Following the completion of the transaction, the chief executive officer directly owned 22,722 shares of the company’s stock, valued at $2,120,871.48. This trade represents a 2.25% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jonathan M. Grandon sold 4,988 shares of the stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $100.02, for a total transaction of $498,899.76. Following the completion of the transaction, the insider directly owned 7,509 shares of the company’s stock, valued at $751,050.18. This trade represents a 39.91% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 2.89% of the company’s stock.

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.