Aviva PLC Has $485,000 Stock Position in Franklin Electric Co., Inc. $FELE

Aviva PLC reduced its stake in Franklin Electric Co., Inc. (NASDAQ:FELE) by 11.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,401 shares of the industrial products company’s stock after selling 689 shares during the period. Aviva PLC’s holdings in Franklin Electric were worth $485,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Humankind Investments LLC lifted its stake in Franklin Electric by 3.4% in the first quarter. Humankind Investments LLC now owns 3,918 shares of the industrial products company’s stock valued at $368,000 after buying an additional 127 shares during the period. Brucke Financial Inc. increased its stake in shares of Franklin Electric by 4.5% in the 1st quarter. Brucke Financial Inc. now owns 3,202 shares of the industrial products company’s stock valued at $301,000 after acquiring an additional 137 shares during the last quarter. Harbor Capital Advisors Inc. raised its position in shares of Franklin Electric by 1.4% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 10,256 shares of the industrial products company’s stock valued at $920,000 after acquiring an additional 143 shares during the period. Covestor Ltd raised its position in shares of Franklin Electric by 27.4% in the 1st quarter. Covestor Ltd now owns 731 shares of the industrial products company’s stock valued at $69,000 after acquiring an additional 157 shares during the period. Finally, Haven Private LLC boosted its stake in Franklin Electric by 4.0% during the 1st quarter. Haven Private LLC now owns 5,006 shares of the industrial products company’s stock worth $470,000 after acquiring an additional 192 shares during the last quarter. Institutional investors own 79.98% of the company’s stock.

Franklin Electric Trading Down 1.6%

Franklin Electric stock opened at $93.67 on Friday. The company has a market cap of $4.17 billion, a price-to-earnings ratio of 30.51, a P/E/G ratio of 1.91 and a beta of 1.09. The firm has a 50-day moving average of $95.40 and a 200-day moving average of $92.42. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.54 and a quick ratio of 0.77. Franklin Electric Co., Inc. has a one year low of $78.87 and a one year high of $111.94.

Franklin Electric (NASDAQ:FELE) last released its earnings results on Tuesday, October 28th. The industrial products company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.01. Franklin Electric had a return on equity of 14.24% and a net margin of 6.71%.The business had revenue of $581.71 million for the quarter, compared to analyst estimates of $563.18 million. During the same quarter in the prior year, the company posted $1.17 earnings per share. Franklin Electric’s revenue was up 9.5% on a year-over-year basis. Franklin Electric has set its FY 2025 guidance at 4.000-4.200 EPS. On average, equities analysts expect that Franklin Electric Co., Inc. will post 4.19 earnings per share for the current fiscal year.

Franklin Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Thursday, November 6th will be paid a $0.265 dividend. The ex-dividend date of this dividend is Thursday, November 6th. This represents a $1.06 annualized dividend and a dividend yield of 1.1%. Franklin Electric’s dividend payout ratio (DPR) is currently 34.53%.

Analysts Set New Price Targets

Several brokerages have commented on FELE. Robert W. Baird set a $112.00 target price on shares of Franklin Electric in a research note on Wednesday, October 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Franklin Electric in a report on Wednesday. Finally, Wall Street Zen downgraded Franklin Electric from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $112.00.

Franklin Electric Company Profile

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.