Skandinaviska Enskilda Banken AB publ Reduces Holdings in Franklin Electric Co., Inc. $FELE

Skandinaviska Enskilda Banken AB publ lowered its position in Franklin Electric Co., Inc. (NASDAQ:FELE) by 61.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,396 shares of the industrial products company’s stock after selling 8,436 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Franklin Electric were worth $513,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its position in Franklin Electric by 31.2% during the 2nd 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. MAI Capital Management increased its stake in Franklin Electric by 36.5% in the 2nd quarter. MAI Capital Management now owns 490 shares of the industrial products company’s stock valued at $44,000 after buying an additional 131 shares during the period. Osaic Holdings Inc. lifted its stake in shares of Franklin Electric by 24.3% in the 2nd quarter. Osaic Holdings Inc. now owns 608 shares of the industrial products company’s stock worth $55,000 after acquiring an additional 119 shares during the period. Covestor Ltd boosted its holdings in shares of Franklin Electric by 24.6% in the third quarter. Covestor Ltd now owns 937 shares of the industrial products company’s stock valued at $89,000 after acquiring an additional 185 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Franklin Electric by 10.2% during the third quarter. GAMMA Investing LLC now owns 1,235 shares of the industrial products company’s stock worth $118,000 after acquiring an additional 114 shares during the period. 79.98% of the stock is currently owned by institutional investors and hedge funds.

Franklin Electric Stock Performance

Shares of FELE stock opened at $95.84 on Monday. The stock has a fifty day moving average price of $100.19 and a 200 day moving average price of $97.09. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.18 and a current ratio of 2.79. The stock has a market cap of $4.27 billion, a PE ratio of 29.76, a P/E/G ratio of 1.76 and a beta of 1.08. Franklin Electric Co., Inc. has a 1 year low of $78.87 and a 1 year high of $111.53.

Franklin Electric (NASDAQ:FELE) last announced its quarterly earnings results on Tuesday, February 17th. The industrial products company reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.02). Franklin Electric had a net margin of 6.90% and a return on equity of 14.52%. The firm had revenue of $506.86 million during the quarter, compared to analysts’ expectations of $516.25 million. During the same quarter in the prior year, the business earned $0.72 EPS. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. Franklin Electric has set its FY 2026 guidance at 4.400-4.600 EPS. Sell-side analysts forecast that Franklin Electric Co., Inc. will post 4.19 earnings per share for the current fiscal year.

Franklin Electric Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Thursday, February 5th were given a $0.28 dividend. This is a boost from Franklin Electric’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Thursday, February 5th. Franklin Electric’s dividend payout ratio (DPR) is currently 34.78%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on FELE. Robert W. Baird set a $112.00 price objective on Franklin Electric in a report on Wednesday, October 29th. Wall Street Zen downgraded Franklin Electric from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reiterated a “hold (c)” rating on shares of Franklin Electric in a research report on Monday, December 29th. Finally, DA Davidson set a $100.00 target price on shares of Franklin Electric in a research report on Thursday. Three research 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 target price of $106.00.

About Franklin Electric

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.