Key Points
- Delancey Davis sold 200 shares of Franklin Electric on May 1 at an average price of $98.78 for $19,756, leaving them with 12,302 shares (a 1.6% reduction in their stake).
- Franklin Electric beat Q1 expectations with $0.83 EPS vs. $0.77 expected and revenue of $500.44M vs. $479.21M, and set FY2026 guidance of $4.40–$4.60 EPS (analysts forecast ~4.58).
- The company announced a quarterly dividend of $0.28 (annualized $1.12) with an ex-dividend date of May 7 and a ~1.1% yield; shares trade near $100 with a $4.42B market cap and a consensus "Hold" rating (avg. target $106).
Franklin Electric Co., Inc. (NASDAQ:FELE - Get Free Report) insider Delancey Davis sold 200 shares of the business's stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $98.78, for a total transaction of $19,756.00. Following the transaction, the insider directly owned 12,302 shares of the company's stock, valued at $1,215,191.56. The trade was a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Franklin Electric Stock Up 1.1%
FELE opened at $100.01 on Wednesday. The stock has a market capitalization of $4.42 billion, a price-to-earnings ratio of 30.12, a PEG ratio of 1.80 and a beta of 1.07. 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 has a 50 day moving average price of $96.87 and a 200-day moving average price of $97.49. Franklin Electric Co., Inc. has a twelve month low of $83.42 and a twelve month high of $111.53.
Franklin Electric (NASDAQ:FELE - Get Free Report) last announced its earnings results on Tuesday, April 28th. The industrial products company reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates of $0.77 by $0.06. The business had revenue of $500.44 million during the quarter, compared to analyst estimates of $479.21 million. Franklin Electric had a net margin of 6.91% and a return on equity of 14.86%. The company's quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.67 EPS. Franklin Electric has set its FY 2026 guidance at 4.400-4.600 EPS. Equities research analysts forecast that Franklin Electric Co., Inc. will post 4.58 earnings per share for the current year.
Franklin Electric Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 21st. Shareholders of record on Thursday, May 7th will be paid a dividend of $0.28 per share. The ex-dividend date is Thursday, May 7th. This represents a $1.12 dividend on an annualized basis and a yield of 1.1%. Franklin Electric's payout ratio is currently 33.73%.
Hedge Funds Weigh In On Franklin Electric
Several large investors have recently added to or reduced their stakes in FELE. Norges Bank purchased a new position in Franklin Electric during the fourth quarter valued at approximately $50,010,000. Amundi lifted its holdings in Franklin Electric by 134.8% during the third quarter. Amundi now owns 624,481 shares of the industrial products company's stock valued at $59,424,000 after purchasing an additional 358,517 shares in the last quarter. Fort Washington Investment Advisors Inc. OH purchased a new position in Franklin Electric during the fourth quarter valued at approximately $27,266,000. Segall Bryant & Hamill LLC purchased a new position in Franklin Electric during the third quarter valued at approximately $24,223,000. Finally, Qube Research & Technologies Ltd lifted its holdings in Franklin Electric by 70.1% during the second quarter. Qube Research & Technologies Ltd now owns 486,523 shares of the industrial products company's stock valued at $43,661,000 after purchasing an additional 200,545 shares in the last quarter. Hedge funds and other institutional investors own 79.98% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have 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 research note on Wednesday, April 29th. Wall Street Zen upgraded shares of Franklin Electric from a "hold" rating to a "buy" rating in a research note on Saturday. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $106.00.
Check Out Our Latest Analysis on Franklin Electric
Franklin Electric Company Profile
(
Get Free Report)
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.
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