Blair William & Co. IL Makes New $218,000 Investment in Franklin Electric Co., Inc. $FELE

Blair William & Co. IL acquired a new stake in shares of Franklin Electric Co., Inc. (NASDAQ:FELE) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 2,430 shares of the industrial products company’s stock, valued at approximately $218,000.

Several other hedge funds have also recently modified their holdings of FELE. Humankind Investments LLC boosted its holdings in shares of Franklin Electric by 3.4% during the 1st quarter. Humankind Investments LLC now owns 3,918 shares of the industrial products company’s stock valued at $368,000 after purchasing an additional 127 shares during the last quarter. Brucke Financial Inc. increased its holdings in shares of Franklin Electric by 4.5% in the first quarter. Brucke Financial Inc. now owns 3,202 shares of the industrial products company’s stock worth $301,000 after purchasing an additional 137 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Franklin Electric by 1.4% in the second quarter. Harbor Capital Advisors Inc. now owns 10,256 shares of the industrial products company’s stock worth $920,000 after buying an additional 143 shares in the last quarter. Covestor Ltd boosted its stake in Franklin Electric by 27.4% during the first quarter. Covestor Ltd now owns 731 shares of the industrial products company’s stock valued at $69,000 after buying an additional 157 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in Franklin Electric by 168.5% during the 1st quarter. Farther Finance Advisors LLC now owns 290 shares of the industrial products company’s stock valued at $28,000 after buying an additional 182 shares in the last quarter. Hedge funds and other institutional investors own 79.98% of the company’s stock.

Franklin Electric Stock Performance

NASDAQ FELE opened at $97.30 on Friday. The business’s 50 day moving average price is $95.90 and its 200-day moving average price is $91.35. Franklin Electric Co., Inc. has a fifty-two week low of $78.87 and a fifty-two week high of $111.94. The company has a market cap of $4.33 billion, a P/E ratio of 25.14, a P/E/G ratio of 1.96 and a beta of 1.08. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.77 and a current ratio of 1.72.

Franklin Electric (NASDAQ:FELE) last posted its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.28 by $0.03. Franklin Electric had a net margin of 8.71% and a return on equity of 14.05%. The company had revenue of $587.43 million during the quarter, compared to analyst estimates of $566.61 million. Franklin Electric has set its FY 2025 guidance at 3.950-4.250 EPS. Sell-side analysts predict that Franklin Electric Co., Inc. will post 4.19 earnings per share for the current year.

Franklin Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were issued a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a yield of 1.1%. The ex-dividend date was Thursday, August 7th. Franklin Electric’s dividend payout ratio is presently 27.39%.

Insiders Place Their Bets

In related news, insider Jonathan M. Grandon sold 10,036 shares of the stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $98.03, for a total value of $983,829.08. Following the sale, the insider directly owned 8,171 shares of the company’s stock, valued at $801,003.13. This represents a 55.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.72% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Franklin Electric in a research note on Tuesday, October 14th. Robert W. Baird raised their target price on shares of Franklin Electric from $94.00 to $107.00 and gave the company a “neutral” rating in a report on Wednesday, July 30th. Finally, Wall Street Zen raised shares of Franklin Electric from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $107.00.

About Franklin Electric

Franklin Electric Co, Inc, together with its subsidiaries, designs, manufactures, and distributes water and fuel pumping systems worldwide. The company operates through Water Systems, Fueling Systems, and Distribution segments. The Water Systems segment offers submersible motors, drives, pumps, electronic controls, water treatment systems, monitoring devices, and related parts and equipment.