20,325 Shares in Franklin Electric Co., Inc. $FELE Bought by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. acquired a new position in Franklin Electric Co., Inc. (NASDAQ:FELE) during the second quarter, Holdings Channel.com reports. The firm acquired 20,325 shares of the industrial products company’s stock, valued at approximately $2,179,000.

A number of other institutional investors have also recently added to or reduced their stakes in FELE. Quarry LP acquired a new stake in shares of Franklin Electric during the third quarter valued at about $28,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Franklin Electric in the fourth quarter worth about $35,000. EverSource Wealth Advisors LLC boosted its holdings in 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 purchasing an additional 101 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in 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 purchasing an additional 309 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in Franklin Electric during the 4th quarter valued at approximately $48,000. Institutional investors and hedge funds own 79.98% of the company’s stock.

Analyst Ratings Changes

FELE has been the topic of several analyst reports. DA Davidson lifted their price objective on Franklin Electric from $100.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Robert W. Baird increased their target price on Franklin Electric from $118.00 to $124.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Weiss Ratings raised shares of Franklin Electric from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 30th. Finally, Wall Street Zen upgraded shares of Franklin Electric from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $114.50.

Insider Buying and Selling

In other news, insider Jonathan M. Grandon sold 8,547 shares of the business’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 completion of the sale, the insider directly owned 7,509 shares in the company, valued at approximately $776,430.60. The trade was a 53.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Delancey W. Davis sold 1,900 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $100.00, for a total value of $190,000.00. Following the sale, the insider directly owned 10,402 shares in the company, valued at approximately $1,040,200. This represents a 15.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 14,647 shares of company stock valued at $1,486,326 over the last quarter. Company insiders own 2.89% of the company’s stock.

Franklin Electric Stock Performance

Shares of FELE stock opened at $105.77 on Monday. The stock has a market capitalization of $4.68 billion, a price-to-earnings ratio of 30.48, a PEG ratio of 1.90 and a beta of 1.04. Franklin Electric Co., Inc. has a one year low of $89.54 and a one year high of $115.82. The company’s 50-day simple moving average is $105.15 and its 200-day simple moving average is $100.78. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.10 and a current ratio of 2.41.

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

Franklin Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th will be given a $0.28 dividend. The ex-dividend date is Thursday, August 6th. This represents a $1.12 annualized dividend and a dividend yield of 1.1%. Franklin Electric’s dividend payout ratio (DPR) is presently 32.28%.

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.