285,418 Shares in Franklin Electric Co., Inc. $FELE Bought by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH purchased a new stake in Franklin Electric Co., Inc. (NASDAQ:FELE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 285,418 shares of the industrial products company’s stock, valued at approximately $27,266,000. Fort Washington Investment Advisors Inc. OH owned 0.64% of Franklin Electric at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Quarry LP bought a new position in shares of Franklin Electric in the third quarter valued at $28,000. EverSource Wealth Advisors LLC raised its holdings in shares of Franklin Electric by 31.2% in 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 last quarter. MAI Capital Management lifted its position 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 acquiring an additional 131 shares in the last quarter. Osaic Holdings Inc. boosted its stake in Franklin Electric by 24.3% during the 2nd quarter. Osaic Holdings Inc. now owns 608 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 119 shares during the last quarter. Finally, Covestor Ltd increased its holdings in Franklin Electric by 24.6% during the 3rd quarter. Covestor Ltd now owns 937 shares of the industrial products company’s stock worth $89,000 after purchasing an additional 185 shares in the last quarter. Institutional investors own 79.98% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on FELE shares. DA Davidson set a $100.00 price target on Franklin Electric in a report on Thursday, February 19th. Wall Street Zen lowered shares of Franklin Electric from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Franklin Electric in a report on Monday, December 29th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $106.00.

Insiders Place Their Bets

In other Franklin Electric news, CEO Joseph A. Ruzynski bought 500 shares of Franklin Electric stock in a transaction dated Thursday, February 19th. The stock was purchased at an average price of $93.34 per share, for a total transaction of $46,670.00. Following the completion of the purchase, the chief executive officer directly owned 22,722 shares of the company’s stock, valued at approximately $2,120,871.48. This trade represents a 2.25% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 2.72% of the stock is owned by corporate insiders.

Franklin Electric Stock Performance

Shares of FELE stock opened at $90.45 on Friday. 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 firm has a market cap of $4.00 billion, a price-to-earnings ratio of 28.09, a P/E/G ratio of 1.69 and a beta of 1.07. Franklin Electric Co., Inc. has a 52 week low of $78.87 and a 52 week high of $111.53. The firm’s 50-day simple moving average is $98.35 and its two-hundred day simple moving average is $96.72.

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

Franklin Electric Increases Dividend

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

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.