Fort Washington Investment Advisors Inc. OH Has $22.36 Million Stake in Franklin Electric Co., Inc. $FELE

Fort Washington Investment Advisors Inc. OH trimmed its stake in Franklin Electric Co., Inc. (NASDAQ:FELE) by 15.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 242,542 shares of the industrial products company’s stock after selling 42,876 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Franklin Electric were worth $22,355,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund lifted its holdings in shares of Franklin Electric by 1.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 8,716 shares of the industrial products company’s stock valued at $833,000 after acquiring an additional 100 shares during the period. EverSource Wealth Advisors LLC grew 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 purchasing an additional 101 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Franklin Electric by 1.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,885 shares of the industrial products company’s stock worth $787,000 after purchasing an additional 111 shares during the last quarter. LPL Financial LLC increased its position in shares of Franklin Electric by 1.0% during the 4th quarter. LPL Financial LLC now owns 12,158 shares of the industrial products company’s stock worth $1,161,000 after purchasing an additional 115 shares in the last quarter. Finally, Osaic Holdings Inc. increased its position in shares of Franklin Electric by 24.3% during the 2nd quarter. Osaic Holdings Inc. now owns 608 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 119 shares in the last quarter. 79.98% of the stock is currently owned by institutional investors and hedge funds.

Franklin Electric Price Performance

Franklin Electric stock opened at $107.89 on Monday. The business’s fifty day moving average is $100.68 and its two-hundred day moving average is $98.97. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.14 and a current ratio of 2.67. The firm has a market cap of $4.77 billion, a P/E ratio of 32.50, a P/E/G ratio of 1.96 and a beta of 1.05. Franklin Electric Co., Inc. has a 52 week low of $88.63 and a 52 week high of $111.53.

Franklin Electric (NASDAQ:FELE) last announced its earnings results on Tuesday, April 28th. The industrial products company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.06. Franklin Electric had a return on equity of 14.86% and a net margin of 6.91%.The company had revenue of $500.44 million during the quarter, compared to analyst estimates of $479.21 million. During the same period last year, the company posted $0.67 earnings per share. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. Franklin Electric has set its FY 2026 guidance at 4.400-4.600 EPS. Equities research analysts forecast that Franklin Electric Co., Inc. will post 4.58 earnings per share for the current fiscal year.

Franklin Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 7th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.12 dividend on an annualized basis and a yield of 1.0%. Franklin Electric’s dividend payout ratio is currently 33.73%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. DA Davidson reissued a “neutral” rating and set a $100.00 price target on shares of Franklin Electric in a report on Tuesday, June 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Franklin Electric in a research note on Tuesday, June 9th. Finally, Wall Street Zen raised shares of Franklin Electric from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $106.00.

Insider Transactions at Franklin Electric

In other Franklin Electric news, insider Jonathan M. Grandon sold 8,547 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $103.40, for a total value of $883,759.80. Following the completion of the sale, the insider owned 7,509 shares in the company, valued at approximately $776,430.60. This trade represents a 53.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Delancey W. Davis sold 1,900 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $100.00, for a total transaction of $190,000.00. Following the completion of the transaction, the insider directly owned 10,402 shares of the company’s stock, valued at approximately $1,040,200. This represents a 15.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 19,835 shares of company stock worth $2,004,982. Insiders own 2.89% of the company’s stock.

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.