10,113 Shares in Franklin Electric Co., Inc. $FELE Purchased by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC bought a new stake in shares of Franklin Electric Co., Inc. (NASDAQ:FELE) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 10,113 shares of the industrial products company’s stock, valued at approximately $1,084,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Quarry LP acquired a new position in shares of Franklin Electric during the third quarter worth approximately $28,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Franklin Electric in the fourth quarter worth $35,000. EverSource Wealth Advisors LLC increased its position in Franklin Electric by 31.2% during the second quarter. EverSource Wealth Advisors LLC now owns 425 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 101 shares during the period. Farther Finance Advisors LLC increased its position in Franklin Electric by 213.1% during the fourth quarter. Farther Finance Advisors LLC now owns 454 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 309 shares during the period. Finally, Trust Co. of Vermont acquired a new position in Franklin Electric during the 2nd quarter valued at $44,000. Institutional investors and hedge funds own 79.98% of the company’s stock.

Franklin Electric Price Performance

NASDAQ:FELE opened at $102.14 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.10 and a current ratio of 2.41. The company has a 50-day moving average of $105.25 and a 200-day moving average of $100.85. Franklin Electric Co., Inc. has a 52 week low of $89.54 and a 52 week high of $115.82. The company has a market capitalization of $4.52 billion, a price-to-earnings ratio of 29.44, a PEG ratio of 1.84 and a beta of 1.04.

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

Franklin Electric Announces Dividend

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

Insider Activity

In related news, insider Jonathan M. Grandon sold 8,547 shares of the firm’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 completion of 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.89% of the company’s stock.

Analyst Ratings Changes

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

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.