Key Points
- Insider sale: Franklin Electric insider Jonathan Grandon sold 4,200 shares on May 22 at an average price of $98.23, totaling about $412,566. After the sale, he still held 7,509 shares.
- Strong quarterly results: The company reported Q1 EPS of $0.83, beating expectations of $0.77, while revenue rose 9.9% year over year to $500.44 million. Franklin Electric also kept its FY2026 EPS guidance at 4.40-4.60.
- Dividend and sentiment: Franklin Electric paid a quarterly dividend of $0.28 per share, or $1.12 annualized, for a yield of about 1.1%. Analysts currently have a consensus Hold rating with an average target price of $106.00.
Franklin Electric Co., Inc. (NASDAQ:FELE - Get Free Report) insider Delancey 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 sale, the insider owned 10,402 shares in the company, valued at $1,040,200. The trade was a 15.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Franklin Electric Stock Up 0.5%
FELE stock opened at $101.16 on Thursday. The company's 50 day moving average price is $97.46 and its 200 day moving average price is $97.70. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.14 and a current ratio of 2.67. Franklin Electric Co., Inc. has a fifty-two week low of $84.31 and a fifty-two week high of $111.53. The firm has a market capitalization of $4.47 billion, a price-to-earnings ratio of 30.47, a PEG ratio of 1.83 and a beta of 1.07.
Franklin Electric (NASDAQ:FELE - Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.77 by $0.06. The company had revenue of $500.44 million for 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 firm's revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.67 earnings per share. Franklin Electric has set its FY 2026 guidance at 4.400-4.600 EPS. On average, equities research analysts anticipate that Franklin Electric Co., Inc. will post 4.58 EPS for the current fiscal year.
Franklin Electric Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Thursday, May 7th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend 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%.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in FELE. Quarry LP purchased a new position in shares of Franklin Electric in the third quarter valued at $28,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Franklin Electric in the fourth quarter valued at $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 buying an additional 101 shares in the last quarter. 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 buying an additional 309 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in shares of Franklin Electric in the fourth quarter valued at $48,000. Hedge funds and other institutional investors own 79.98% of the company's stock.
Analysts Set New Price Targets
FELE has been the subject of several recent research reports. Wall Street Zen raised Franklin Electric from a "hold" rating to a "buy" rating in a report on Saturday, May 2nd. DA Davidson reaffirmed a "neutral" rating and set a $100.00 price target on shares of Franklin Electric in a report on Wednesday, April 29th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $106.00.
Get Our Latest Stock Analysis on FELE
About Franklin Electric
(
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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