Hsbc Holdings PLC Grows Position in Franklin Electric Co., Inc. $FELE

Hsbc Holdings PLC lifted its position in Franklin Electric Co., Inc. (NASDAQ:FELE) by 36.6% during the 4th quarter, Holdings Channel reports. The firm owned 20,947 shares of the industrial products company’s stock after acquiring an additional 5,616 shares during the period. Hsbc Holdings PLC’s holdings in Franklin Electric were worth $2,005,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in FELE. Quarry LP purchased a new stake in Franklin Electric during the 3rd quarter valued at $28,000. Aster Capital Management DIFC Ltd bought a new stake in Franklin Electric in the 4th quarter worth $35,000. EverSource Wealth Advisors LLC increased its position in shares of Franklin Electric by 31.2% in the second quarter. EverSource Wealth Advisors LLC now owns 425 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 101 shares during the period. Farther Finance Advisors LLC increased its position in shares of Franklin Electric by 213.1% in the fourth quarter. Farther Finance Advisors LLC now owns 454 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 309 shares during the period. Finally, Kestra Advisory Services LLC bought a new position in shares of Franklin Electric during the fourth quarter valued at about $48,000. 79.98% of the stock is owned by hedge funds and other institutional investors.

Franklin Electric Stock Performance

NASDAQ:FELE opened at $105.49 on Tuesday. 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 firm’s fifty day simple moving average is $100.81 and its 200 day simple moving average is $99.07. The stock has a market cap of $4.66 billion, a P/E ratio of 31.77, a price-to-earnings-growth ratio of 1.96 and a beta of 1.05. Franklin Electric Co., Inc. has a twelve month low of $88.63 and a twelve month high of $111.53.

Franklin Electric (NASDAQ:FELE) last issued its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.83 EPS 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 analyst estimates of $479.21 million. During the same period in the prior year, the business earned $0.67 EPS. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. Franklin Electric has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, research analysts predict that Franklin Electric Co., Inc. will post 4.58 EPS for the current year.

Franklin Electric Dividend Announcement

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

Insider Transactions at Franklin Electric

In other Franklin Electric news, insider Delancey W. Davis sold 1,900 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $100.00, for a total transaction of $190,000.00. Following the transaction, the insider owned 10,402 shares in the company, valued at approximately $1,040,200. This represents a 15.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $883,759.80. Following the transaction, the insider owned 7,509 shares in the company, valued at $776,430.60. This trade represents a 53.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 19,835 shares of company stock valued at $2,004,982. 2.89% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

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.